Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical does not pass the values gate
Price23.30 USD
Fair value27.26
Ethical score30.0/100
Our investment reviews on this name
2026-09-11Read Accumulation26.36-11.6% to today
2026-08-11Read Distribution25.08-7.1% to today ✓
2026-07-02Read Markup29.60-21.3% to today
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Rush Street Interactive, Inc. holds its Markdown at $23.30. Elevated stress, defensive posture warranted, held for 21 days.
As held on the ledger · 2026-09-18
Phase
Markdown · caution
Quantitative state
Elevated stress, defensive posture warranted, held for 21 days
Price at the screen
$23.30
Valuation
75.16 trailing · 27.68 forward price to earnings
Values screen
FAIL· score 30.0
Beta
1.51
The Workings
Five Screens, Shown in Full
Does not pass. Prohibited keyword in sector/industry: gambling
Test
Figure
Limit
What it means
Status
Business activity
Excluded
Core business clean
Prohibited keyword in sector/industry: gambling
Fail
Debt load
Excluded
Below 33%
Interest-bearing debt is of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
Excluded
Below 33%
Interest-bearing cash and securities are of assets, above the one-third limit.
Fail
Receivables
Excluded
Below 49%
Money owed to the company is of assets, above the 49% limit.
Fail
Revenue purity
Excluded
Below 5%
of revenue comes from non-compliant sources, over the 5% line.
Fail
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-18 screen. The gold marker is the market price at the same screen. A 17.0% margin of safety to the base estimate.
Third-party analyst targets: 11 covering, consensus Strong Buy. The average target sits +55% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-18 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Betting App Growth Fails Our Ethical Line
Every Friday night when fans in Illinois or Ontario open an app to place a sports bet or spin a virtual wheel, Rush Street takes a slice. The business is expanding fast, with revenue up 41 percent and a solid 35 percent return on equity. Yet the numbers also show a thin 3 percent profit margin and a forward price to earnings ratio of 39.6 times, well above our fair value of 24.02 dollars while the shares sit at 32.50.
We pass outright because the ethical screen rejects any exposure to gambling. That single filter overrides the growth story and the strong buy rating from eleven analysts. Their 30 dollar median target still leaves the shares expensive on our measures, and the unknown competitive moat adds further caution.
The low margins leave little room for error if regulation tightens or player spending slows in a consumer downturn. High returns on equity can prove fleeting in this sector when cycles turn. Analysis, not advice.
The risks · The things to watch: it already moves more than the market on an average day; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
RSI trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The framework has shifted from distribution to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 5.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 29% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 110%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (11 analysts) rates it strong buy, with a mean price target of $30.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 15.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 29% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 110%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (11 analysts) rates it strong buy, with a mean price target of $30.
2026-07-18Markup$29.60+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 29% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 110%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (11 analysts) rates it strong buy, with a mean price target of $30.
2026-07-03Markup$29.60+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markup$29.60Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
