B. Riley Financial Inc (NASDAQ:RILY) saw a downside of -6.61% to close Friday at $39.99 after subtracting -$2.83 on the day. The 5-day average trading volume is 330,440 shares of the company’s common stock. It has gained $45.70 in the past week and touched a new high 2 times within the past 5 days. An average of 260,710 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 303,348.
RILY’s 1-month performance is -12.84% or -$7.89 on its low of $39.08 reached on 09/22/23. The company’s shares have touched a 52-week low of $24.95 and high of $60.72, with the stock’s rally to the 52-week high happening on 07/27/23. YTD, RILY has achieved 16.93% or $5.79 and has reached a new high 25 times. However, the current price is down -34.14% from the 52-week high price.
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Insider Transactions
RILY stock investors last saw insider trading activity on Aug 21.B. Riley Financial, Inc. (10% Owner) most recently sold 330,000 shares at $16.25 per share on Aug 04. This transaction cost the insider $5,362,500. 10% Owner, B. Riley Financial, Inc., sold 2,200,000 shares at a price of $16.25 on Jul 21. Then, on Nov 10, 10% Owner B. Riley Financial, Inc. sold 1,700,000 shares at a price of $14.20 per share. This transaction amounted to $24,140,000.
Valuation Metrics
RILY stock has a beta of 1.90. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.86 while the price-to-book (PB) in the most recent quarter is 2.83, with the price to cash flow ratio at 18.69.
. In terms of profitability, the gross margin trailing 12 months is 61.90%. The firm’s gross profit as reported stood at $859.57 million against revenue of $1.08 billion.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 420.4% to $44.37 million, while revenue of $15.14 million was 65.88% off the previous quarter. EBITDA for the quarter stood at more than $131.31 million. RILY stock balance sheet for the recent quarter shows that total liabilities totaled 5.79 billion, with total debt at $5.35 billion. Shareholders hold equity totaling $30.57 million.
Let’s look briefly at B. Riley Financial Inc (RILY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 19.30% to suggest the stock is trending oversold, with historical volatility in this time period at 37.10%.
The stock’s 5-day moving average is $43.32, reflecting a -12.57% or -$5.75 change from its current price. RILY is currently trading -11.29% above its 20-day SMA, +30.01% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -20.29% and SMA200 by-7.00%.
Stochastic %K and %D was 4.79% and 3.04% and the average true range (ATR) pointed at 1.91. The RSI (14) points at 27.08%, while the 14-day stochastic is at 7.71% with the period’s ATR at 1.95. The stock’s 9-day MACD Oscillator is pointing at -1.84 and -2.98 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for RILY stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate RILY as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is RILY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $30.00 and a high of $30.00, with their median price target at $30.00. Looking at these predictions, the average price target given by analysts is for B. Riley Financial Inc (RILY) stock is $30.00.
