B. Riley Financial Inc (NASDAQ: RILY) is -8.05% lower on its value in year-to-date trading and has touched a low of $14.46 and a high of $60.72 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RILY stock was last observed hovering at around $20.10 in the last trading session, with the day’s loss setting it -0.8%.
Currently trading at $19.30, the stock is 2.76% and -5.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing -3.98% at the moment leaves the stock -44.41% off its SMA200. RILY registered -35.65% loss for a year compared to 6-month loss of -57.73%. The firm has a 50-day simple moving average (SMA 50) of $1.75 and a 200-day simple moving average (SMA200) of $37.64.
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The stock witnessed a -7.39% gain in the last 1 month and extending the period to 3 months gives it a -24.28%, and is -18.32% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.84% over the week and 13.25% over the month.
B. Riley Financial Inc (RILY) has around 2210 employees, a market worth around $590.19M and $1.47B in sales. Profit margin for the company is -5.88%. Distance from 52-week low is 33.47% and -68.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.53%).
B. Riley Financial Inc quarterly earnings per share for the current quarter are estimated at $0.
203 institutions hold shares in B. Riley Financial Inc (RILY), with institutional investors hold 94.65% of the company’s shares. The shares outstanding are 28.52M, and float is at 16.23M with Short Float at 82.39%. Institutions hold 50.69% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 2.62 million shares valued at $120.68 million. The investor’s holdings represent 8.58% of the RILY Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 1.15 million shares valued at $52.83 million to account for 3.76% of the shares outstanding. The other top investors are Equitec Proprietary Markets LLC which holds 1.07 million shares representing 3.51% and valued at over $44.02 million, while State Street Corporation holds 2.30% of the shares totaling 0.7 million with a market value of $32.3 million.
B. Riley Financial Inc (RILY) Insider Activity
The most recent transaction is an insider sale by B. Riley Financial, Inc., the company’s 10% Owner. SEC filings show that B. Riley Financial, Inc. sold 852,455 shares of the company’s common stock on Feb 08 ’24 at a price of $11.00 per share for a total of $9.38 million. Following the sale, the insider now owns 0.0 shares.
B. Riley Financial Inc disclosed in a document filed with the SEC on Feb 07 ’24 that B. Riley Financial, Inc. (10% Owner) sold a total of 2,757,308 shares of the company’s common stock. The trade occurred on Feb 07 ’24 and was made at $11.00 per share for $30.33 million. Following the transaction, the insider now directly holds 0.0 shares of the RILY stock.
Still, SEC filings show that on Jan 23 ’24, B. Riley Financial, Inc. (10% Owner) disposed off 9,353 shares at an average price of $7.82 for $73146.0. The insider now directly holds 184,862 shares of B. Riley Financial Inc (RILY).
