On 8/30/24, B. Riley Financial Inc (NASDAQ: RILY) stock suffered a major decline of -10.3%, closing at $4.91. However, trading volume in this decline was below average at 78% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -19.2% 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. B. Riley Financial has a good Appreciation Score of 70 but a slightly negative Power Rating of 31, triggering the Neutral Value Trend Rating.
Rating Review
In light of this 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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