B. Riley Financial Inc (NASDAQ: RILY) stock enjoyed a major increase of 11.6% on 3/28/24. The shares closed at $21.17. Moreover, above average trading volume at 121% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 4.1% 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 F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. B. Riley Financial has a poor Appreciation Score of 28 and a poor Power Rating of 22, leading to the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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