B. Riley Financial Inc (NASDAQ: RILY) stock closed at $19.05 on 2/28/24 after a major increase of 11.3%. Moreover, this advance was accompanied by above average trading volume at 148% of normal. The stock has risen 19.1% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, RILY is expected to be Value Creation neutral.
B. Riley Financial has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. B. Riley Financial has a neutral Appreciation Score of 51 but a poor Power Rating of 22, 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.
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