The stock of Byrna Technologies Inc (BYRN) has gone up by 18.18% for the week, with a 55.78% rise in the past month and a 86.13% rise in the past quarter. The volatility ratio for the week is 7.90%, and the volatility levels for the past 30 days are 8.20% for BYRN. The simple moving average for the last 20 days is 31.39% for BYRN stock, with a simple moving average of 117.87% for the last 200 days.
Is It Worth Investing in Byrna Technologies Inc (NASDAQ: BYRN) Right Now?
The price-to-earnings ratio for Byrna Technologies Inc (NASDAQ: BYRN) is above average at 330.22x. The 36-month beta value for BYRN is also noteworthy at 1.74. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BYRN is 17.32M, and at present, short sellers hold a 17.85% of that float. The average trading volume of BYRN on December 27, 2024 was 585.24K shares.
BYRN) stock’s latest price update
Byrna Technologies Inc (NASDAQ: BYRN)’s stock price has increased by 8.05 compared to its previous closing price of 28.82. However, the company has seen a 18.18% increase in its stock price over the last five trading sessions. zacks.com reported 2024-12-26 that Small-cap stocks like AEYE, BYRN, CLMB, TZOO and HIPO are poised to grow from their strong fundamentals and recovering global economy.
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 57.56% 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 able to rebound, for now settling with 3.77% of gains for the given period.
Volatility was left at 8.20%, however, over the last 30 days, the volatility rate increased by 7.90%, as shares surge +55.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +106.23% upper at present.
During the last 5 trading sessions, BYRN rose by +18.18%, which changed the moving average for the period of 200-days by +171.02% in comparison to the 20-day moving average, which settled at $23.70. In addition, Byrna Technologies Inc saw 387.32% 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 Hughes Herbert, who sale 5,000 shares at the price of $20.08 back on Nov 19 ’24. After this action, Hughes Herbert now owns 117,089 shares of Byrna Technologies Inc, valued at $100,377 using the latest closing price.
Ganz Bryan, the President and CEO of Byrna Technologies Inc, sale 18,826 shares at $19.63 during a trade that took place back on Nov 19 ’24, which means that Ganz Bryan is holding 378,059 shares at $369,522 based on the most recent closing price.
Stock Fundamentals for BYRN
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.6 for the gross margin
The net margin for Byrna Technologies Inc stands at 0.03. The total capital return value is set at 0.04. Equity return is now at value 5.28, with 4.22 for asset returns.
Based on Byrna Technologies Inc (BYRN), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 20.13.
Currently, EBITDA for the company is -6.53 million with net debt to EBITDA at -5.56. When we switch over and look at the enterprise to sales, we see a ratio of 9.3. The receivables turnover for the company is 34.5for trailing twelve months and the total asset turnover is 1.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.51.
Conclusion
In summary, Byrna Technologies Inc (BYRN) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
