On 1/2/24, B. Riley Financial Inc (NASDAQ: RILY) stock enjoyed a major increase of 14.7%, closing at $24.08. Moreover, this advance was accompanied by above average trading volume at 138% of normal. Relative to the market the stock has been weak over the last nine months but has risen 13.0% during the last week.
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 D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. B. Riley Financial has a slightly negative Appreciation Score of 36 and a slightly negative Power Rating of 33, producing the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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