B. Riley Financial Inc (NASDAQ: RILY) is -61.64% lower on its value in year-to-date trading and has touched a low of $2.67 and a high of $20.36 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 $5.57 in the last trading session, with the day’s gains setting it 0.54%.
Currently trading at $6.11, the stock is 33.06% and 66.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.19 million and changing 9.69% at the moment leaves the stock 42.13% off its SMA200. RILY registered 33.22% gain for a year compared to 6-month loss of 30.94%. The firm has a 50-day simple moving average (SMA 50) of $3.6634 and a 200-day simple moving average (SMA200) of $4.3027.
The stock witnessed a 104.52% gain in the last 1 month and extending the period to 3 months gives it a 97.90%, and is 22.06% up 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 17.61% over the week and 13.01% over the month.
Profit margin for the company is -81.23%. Distance from 52-week low is 129.03% and -69.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-50.90%).
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B. Riley Financial Inc (RILY) Top Institutional Holders
129.0 institutions hold shares in B. Riley Financial Inc (RILY), with institutional investors hold 44.56% of the company’s shares. The shares outstanding are 30.50M, and float is at 15.85M with Short Float at 40.97%. Institutions hold 23.71% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.81 million shares valued at $49.49 million. The investor’s holdings represent 9.243% of the RILY Shares outstanding. As of 2024-06-30, the second largest holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP with 1.59 million shares valued at $28.02 million to account for 5.2336 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.27 million shares representing 4.1759% and valued at over $22.36 million, while NOMURA HOLDINGS INC holds 3.0687 of the shares totaling 0.93 million with a market value of $16.43 million.
B. Riley Financial Inc (RILY) Insider Activity
The most recent transaction is an insider sold by B. Riley Financial, Inc., the company’s 10% Owner. SEC filings show that B. Riley Financial, Inc. sold 32,678 shares of the company’s common stock on Aug 26 ’24 at a price of $12.84 per share for a total of $0.42 million. Following the sold, the insider now owns 0.99 million shares.
B. Riley Financial Inc disclosed in a document filed with the SEC on Aug 27 ’24 that B. Riley Financial, Inc. (10% Owner) sold a total of 13,525 shares of the company’s common stock. The trade occurred on Aug 27 ’24 and was made at $12.82 per share for $0.17 million. Following the transaction, the insider now directly holds 0.98 million shares of the RILY stock.
Still, SEC filings show that on Aug 23 ’24, B. Riley Financial, Inc. (10% Owner) disposed off 9,819 shares at an average price of $12.82 for $0.13 million. The insider now directly holds 1,026,712 shares of B. Riley Financial Inc (RILY).
