B. Riley Financial Inc (NASDAQ:RILY) price on Thursday, March 28, rose 4.80% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $19.88.
A look at the stock’s price movement, the level at last check in today’s session was $18.97. The beta value (5-Year monthly) was 1.53. Turning to its 52-week performance, $60.72 and $14.46 were the 52-week high and 52-week low respectively. Overall, RILY moved 4.36% over the past month.
B. Riley Financial Inc’s market cap currently stands at around $607.93 million, with investors looking forward to this quarter’s earnings report slated for Apr 01, 2024 – Apr 16, 2024. The company has a Forward Dividend ratio of 3.50, with its dividend yield at 17.61%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that RILY is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
RILY’s current price about 1.04% and 1.93% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.91, while 7-day volatility ratio is 8.75% and 12.90% in the 30-day chart. Further, B. Riley Financial Inc (RILY) has a beta value of 1.53, and an average true range (ATR) of 2.20.
If we refocus on B. Riley Financial Inc (NASDAQ:RILY), historical trading data shows that trading volumes averaged 1.25 million over the past 10 days and 1.37 million over the past 3 months. The company’s latest data on shares outstanding shows there are 28.52 million shares.
The 46.88% of B. Riley Financial Inc’s shares are in the hands of company insiders while institutional holders own 50.48% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 12.39 million on Mar 15, 2024, giving us a short ratio of 6.2. The data shows that as of Mar 15, 2024 short interest in B. Riley Financial Inc (RILY) stood at 40.51% of shares outstanding, with shares short rising to 11.33 million registered in Feb 15, 2024. Current price change has pushed the stock -5.29% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RILY stock continues to rise going into the next quarter.
