The Insider Activity Of B. Riley Financial Inc. (RILY) Is Worth Monitoring

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SNOW Stock
SNOW Stock

B. Riley Financial Inc. (NASDAQ:RILY) finished Friday with a subtraction of -$0.15 to close at $34.20, a downside of -0.44 percent. An average of 612,760 shares of common stock have been traded in the last five days. There was a gain of $0.94 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 525,345 shares traded, while the 50-day average volume stands at 396,688.

RILY stock has decreased by -22.13% in the last month. The company shares reached their 1-month lowest point of $30.75 on 12/28/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $30.75 and a high of $91.24 in 52 weeks. It has reached a new high 1 time so far this year and lost -61.51% or -$54.66 in price. In spite of this, the price is down -62.52% from the 52-week high.


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Insider Transactions

RILY stock investors should be aware that B. Riley Financial Inc. (RILY) stock had its last reported insider trading activity 51 days ago on Dec 29. In this transaction, the insider spent $24,140,000. 10% Owner, ASHER DANIEL, disposed of 125,500 shares at a price of $50.00 on May 20. The insider now owns more than $6,275,000 worth of shares. Prior to that, 10% Owner ASHER DANIEL went on to Sale 300 shares at $51.00 each on May 17. An amount of $15,300 was transacted.

Valuation Metrics

B. Riley Financial Inc. (RILY) stock’s beta is 1.74. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.01, the price-to-book (PB) ratio at 1.88.

Financial Health

Further, the company has a long term debt to equity ratio of 4.37 and a total debt to equity ratio of 8.91 for the recent quarter. Its gross profit as reported stood at $1.66 billion compared to revenue of $1.74 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, B. Riley Financial Inc.’s return on assets was -0.80%.

Earnings Surprise

For the recent quarter, B. Riley Financial Inc. had $1.66 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $45.84 million in the quarter, while revenues of -$142.16 million were shrunk -6.06%. Shareholders own equity worth $28.58 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at B. Riley Financial Inc. (RILY) price momentum. RSI 9-day as of the close on 30 December was 34.05%, suggesting the stock is Neutral, with historical volatility in this time frame at 68.80%.

As of today, RILY’s price is $32.93 +2.84% or $0.94 from its 5-day moving average. RILY is currently trading -23.92% lower than its 20-day SMA and -38.86% lower than its 100-day SMA. However, the stock’s current price level is -20.69% below the SMA50 and -49.61% below the SMA200.

The stochastic %K and %D were 19.03% and 13.02%, respectively, and the average true range (ATR) was 2.34. With the 14-day stochastic at 23.76% and the average true range at 2.32, the RSI (14) stands at 35.13%. The stock has reached -1.03 on the 9-day MACD Oscillator while the 14-day reading was at -3.65.

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