Stock Rating Downgrade
The Value Trend Rating for B. Riley Financial Inc (NASDAQ: RILY) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
B. Riley Financial Inc (NASDAQ: RILY) stock enjoyed a large increase of 2.5% on 10/18/24. The stock closed at $6.12. However, trading volume in this advance was below average at 71% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 35.1% during the last week.
Current PriceTarget Research Rating
RILY is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
B. Riley Financial has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. B. Riley Financial has a slightly positive Appreciation Score of 61 but a poor Power Rating of 25, and the Negative Value Trend Rating results.
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