The stock of Byrna Technologies Inc (NASDAQ: BYRN) has increased by 6.07 when compared to last closing price of 15.72. Despite this, the company has experienced a 15.48% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-18 that Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are BYRN, IDR, LMB, SEZL, BWAY.
Is It Worth Investing in Byrna Technologies Inc (NASDAQ: BYRN) Right Now?
The 36-month beta value for BYRN is at 1.64. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for BYRN is 17.62M, and currently, shorts hold a 11.61% of that float. The average trading volume for BYRN on September 18, 2024 was 332.07K shares.
BYRN’s Market Performance
BYRN’s stock has seen a 15.48% increase for the week, with a 56.57% rise in the past month and a 57.75% gain in the past quarter. The volatility ratio for the week is 8.19%, and the volatility levels for the past 30 days are at 7.22% for Byrna Technologies Inc The simple moving average for the last 20 days is 26.92% for BYRN stock, with a simple moving average of 58.90% for the last 200 days.
Analysts’ Opinion of BYRN
Many brokerage firms have already submitted their reports for BYRN stocks, with ROTH MKM repeating the rating for BYRN by listing it as a “Buy.” The predicted price for BYRN in the upcoming period, according to ROTH MKM is $14 based on the research report published on August 28, 2024 of the current year 2024.
Dawson James, on the other hand, stated in their research note that they expect to see BYRN reach a price target of $12. The rating they have provided for BYRN stocks is “Buy” according to the report published on April 26th, 2022.
Raymond James gave a rating of “Strong Buy” to BYRN, setting the target price at $36 in the report published on August 20th of the previous year.
BYRN Trading at 50.30% from the 50-Day Moving Average
After a stumble in the market that brought BYRN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.91% of loss for the given period.
Volatility was left at 7.22%, however, over the last 30 days, the volatility rate increased by 8.19%, as shares surge +58.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +66.23% upper at present.
During the last 5 trading sessions, BYRN rose by +14.89%, which changed the moving average for the period of 200-days by +183.59% in comparison to the 20-day moving average, which settled at $13.44. In addition, Byrna Technologies Inc saw 160.95% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BYRN starting from Ganz Bryan, who sale 22,558 shares at the price of $16.33 back on Sep 05 ’24. After this action, Ganz Bryan now owns 438,059 shares of Byrna Technologies Inc, valued at $368,374 using the latest closing price.
Wager Lisa, the Corporate Secretary, CGO of Byrna Technologies Inc, sale 50 shares at $17.01 during a trade that took place back on Sep 12 ’24, which means that Wager Lisa is holding 227,005 shares at $851 based on the most recent closing price.
Stock Fundamentals for BYRN
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.58 for the gross margin
The net margin for Byrna Technologies Inc stands at -0.05. The total capital return value is set at -0.07. Equity return is now at value -6.30, with -5.10 for asset returns.
Based on Byrna Technologies Inc (BYRN), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 7.82.
Currently, EBITDA for the company is -5.86 million with net debt to EBITDA at 25.48. When we switch over and look at the enterprise to sales, we see a ratio of 5.82. The receivables turnover for the company is 36.48for trailing twelve months and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.91.
Conclusion
In conclusion, Byrna Technologies Inc (BYRN) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
