As The Stock Rises By 286.07% Year-To-Date, Byrna Technologies Inc (NASDAQ: BYRN)’S Stock Continues To Progress In 2024

During the last session, Byrna Technologies Inc (NASDAQ:BYRN)’s traded shares were 0.37 million, with the beta value of the company hitting 1.75. At the end of the trading day, the stock’s price was $24.67, reflecting an intraday loss of -0.56% or -$0.14. The 52-week high for the BYRN share is $25.49, that puts it down -3.32 from that peak though still a striking 79.25% gain since the share price plummeted to a 52-week low of $5.12. The company’s market capitalization is $554.55M, and the average intraday trading volume over the past 10 days was 0.54 million shares, and the average trade volume was 591.43K shares over the past three months.

Byrna Technologies Inc (BYRN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. BYRN has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.05.

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Byrna Technologies Inc (NASDAQ:BYRN) trade information

Byrna Technologies Inc (BYRN) registered a -0.56% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.56% in intraday trading to $24.67, hitting a weekly high. The stock’s 5-day price performance is 26.97%, and it has moved by 29.50% in 30 days. Based on these gigs, the overall price performance for the year is 355.17%. The short interest in Byrna Technologies Inc (NASDAQ:BYRN) is 2.84 million shares and it means that shorts have 5.44 day(s) to cover.

The consensus price target of analysts on Wall Street is $20, which implies a decrease of -23.35% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $16.25 and $25 respectively. As a result, BYRN is trading at a discount of -1.34% off the target high and 34.13% off the low.

Byrna Technologies Inc (BYRN) estimates and forecasts

Statistics show that Byrna Technologies Inc has outperformed its competitors in share price, compared to the industry in which it operates. Byrna Technologies Inc (BYRN) shares have gone up 125.09% during the last six months, with a year-to-date growth rate more than the industry average at 205.56% against 16.30. In the rating firms’ projections, revenue will increase 101.16% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 28M as predicted by 3 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 22.2M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 15.64M and 16.65M respectively. In this case, analysts expect current quarter sales to grow by 79.03% and then jump by 33.30% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -10.39%. While earnings are projected to return 179.29% in 2024.

BYRN Dividends

Byrna Technologies Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Byrna Technologies Inc (NASDAQ:BYRN)’s Major holders

Byrna Technologies Inc insiders own 20.84% of total outstanding shares while institutional holders control 43.08%, with the float percentage being 54.42%. ARROWMARK COLORADO HOLDINGS LLC is the largest shareholder of the company, while 142.0 institutions own stock in it. As of 2024-06-30, the company held over 1.77 million shares (or 8.0188% of all shares), a total value of $17.63 million in shares.

The next largest institutional holding, with 1.16 million shares, is of BLACKROCK INC.’s that is approximately 5.2675% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $11.58 million.