An analyst sees good growth prospects for B. Riley Financial Inc (RILY)

With 5.88 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.69 million shares. During the session, the Financial Conglomerates company that operates in wider Financial sector, reached to the highest price of $7.07 whereas the lowest price it dropped to was $5.8477. The 52-week range on RILY shows that it touched its highest point at $42.50 and its lowest point at $4.07 during that stretch. With its current market cap of 192.40 million, RILY has annualized dividend of $2.00 while the current yield stands at 31.50%. Beta for the stock currently stands at 1.26.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RILY was up-trending over the past week, with a rise of 6.19%, but this was up by 20.95% over a month. Three-month performance dropped to -66.93% while six-month performance fell -81.54%. The stock lost -82.36% in the past year, while it has lost -69.75% so far this year.

Float and Shares Shorts:

At present, 29.94 million RILY shares are outstanding with a float of 15.55 million shares on hand for trading. On 2024-10-15, short shares totaled 11.24 million, which was 3711.0 higher than short shares on 1726185600. In addition to Mr. Bryant Richard Riley as the firm’s Co-Founder, Chairman & Co-CEO, Mr. Thomas J. Kelleher serves as its Co-Founder, Co-CEO & Director.

Institutional Ownership:

Through their ownership of 0.33896 of RILY’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, RILY reported revenue of $343032000.0 and operating income of -$2640000.0. The EBITDA in the recently reported quarter was $9162000.0 and diluted EPS was -$1.71.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RILY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.