Byrna Technologies Inc (NASDAQ:BYRN) Projected To Grow By 45.03% Or More

In last trading session, Byrna Technologies Inc (NASDAQ:BYRN) saw 0.72 million shares changing hands with its beta currently measuring 1.66. Company’s recent per share price level of $29.56 trading at $1.11 or 3.90% at ring of the bell on the day assigns it a market valuation of $664.48M. That closing price of BYRN’s stock is at a discount of -0.54% from its 52-week high price of $29.72 and is indicating a premium of 81.87% from its 52-week low price of $5.36. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.71 million shares which gives us an average trading volume of 593.70K if we extend that period to 3-months.

For Byrna Technologies Inc (BYRN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.05 in the current quarter.

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Byrna Technologies Inc (NASDAQ:BYRN) trade information

Upright in the green during last session for gaining 3.90%, in the last five days BYRN remained trading in the green while hitting it’s week-highest on Thursday, 12/19/24 when the stock touched $29.56 price level, adding 0.54% to its value on the day. Byrna Technologies Inc’s shares saw a change of 362.60% in year-to-date performance and have moved 19.82% in past 5-day. Byrna Technologies Inc (NASDAQ:BYRN) showed a performance of 52.84% in past 30-days. Number of shares sold short was 2.84 million shares which calculate 5.44 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 23 to the stock, which implies a fall of -28.52% to its current value. Analysts have been projecting 16.25 as a low price target for the stock while placing it at a high target of 25. It follows that stock’s current price would jump 45.03% in reaching the projected high whereas dropping to the targeted low would mean a gain of 45.03% for stock’s current value.

Byrna Technologies Inc (BYRN) estimates and forecasts

Statistics highlight that Byrna Technologies Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 205.69% of value to its shares in past 6 months, showing an annual growth rate of 205.56% while that of industry is 16.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 101.16% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 28M for the same. And 1 analysts are in estimates of company making revenue of 22.2M in the next quarter. Company posted 15.64M and 16.65M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -10.39% during past 5 years.

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

Insiders are in possession of 20.84% of company’s total shares while institution are holding 43.04 percent of that, with stock having share float percentage of 54.37%. Investors also watch the number of corporate investors in a company very closely, which is 43.04% institutions for Byrna Technologies Inc that are currently holding shares of the company. ARROWMARK COLORADO HOLDINGS LLC is the top institutional holder at BYRN for having 1.77 million shares of worth $17.63 million. And as of 2024-06-30, it was holding 8.0188 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 1.16 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.2675 of outstanding shares, having a total worth of $11.58 million.