B. Riley Financial Inc (NASDAQ:RILY) traded at $23.50 at close of the session on Tuesday, April 09, made a downward move of -10.88% on its previous day’s price.
Looking at the stock we see that its previous close was $26.37 and the beta (5Y monthly) reads 1.53 . In terms of its 52-week price range, RILY has a high of $60.72 and a low of $14.46. The company’s stock has gained about 1.08% over that past 30 days.
B. Riley Financial Inc has a market cap of $718.63 million and is expected to release its quarterly earnings report on Apr 01, 2024 – Apr 16, 2024. With its Forward Dividend at 3.50 and a yield of 14.89%, the company’s investors could be anxious for the RILY stock to gain ahead of the earnings release.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the RILY stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note the current price level is 14.92% off its SMA20 and 18.36% from its 50-day simple moving average. The RSI (14) is pointing at 57.43 while the volatility over the past week is 11.22% and jumps to 10.39% over the past one month. The beta value is 1.51, while the average true range (ATR) is currently pointing at 2.27.
Coming back to B. Riley Financial Inc (NASDAQ:RILY), we note that the average 3-month trading volume was 1.38 million, while that of the preceding 10-day period stands at 0.99 million. Current shares outstanding are 30.58 million.
The insiders hold 46.88% of the company’s shares while institutions hold 50.48%. The data shows that short shares as of Mar 15, 2024, stood at 12.39 million at a short ratio of 6.2. This represents a 40.51% short interest in shares outstanding on Mar 15, 2024. Shares short rose in March from the previous month at 11.33 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 11.96% up in year-to-date price movement.
