B. Riley Financial Inc (NASDAQ: RILY) stock suffered a major decline of -51.9% on 8/12/24. The shares closed at $8.15. Moreover, this decline was accompanied by exceptionally high trading volume at 1132% of normal. The stock has been weak relative to the market over the last nine months and has declined -55.2% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. B. Riley Financial has a poor Appreciation Score of 15 but a neutral Power Rating of 50, with the Negative Value Trend Rating the result.
Rating Review
In light of this highly negative 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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