B. Riley Financial Inc (NASDAQ: RILY) stock closed at $6.35 on 10/29/24 after a major increase of 12.8%. Moreover, this advance was accompanied by unusually high trading volume at 168% of normal. The stock has risen 4.8% during the last week but has been extremely weak relative to the market over the last nine months.
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 24, leading to 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.
Be the first to comment