B. Riley Financial Inc (NASDAQ: RILY) has reported a loss for its third fiscal quarter (ending September 30) of $-2.53 versus $1.62 for the same period a year ago — a decline of -256%. E.P.S. were $-2.64 for the latest four quarters through September 30 versus $-1.60 for the same period a year ago.
Recent Price Action
B. Riley Financial Inc (NASDAQ: RILY) stock closed at $30.57 on 11/8/23 after a major decline of -12.1%. The stock has declined -15.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
RILY’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
B. Riley Financial has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. B. Riley Financial has a very low Appreciation Score of 14 but a very high Power Rating of 92, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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