Byrna Technologies Inc (NASDAQ:BYRN) price on current trading day, rose 12.24% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $16.21.
A look at the stock’s price movement, the level at last check in today’s session was $14.44, moving within a range at $14.6 and $16.45. The beta value (5-Year monthly) was 1.668. Turning to its 52-week performance, $15.49 and $2.19 were the 52-week high and 52-week low respectively. Overall, BYRN moved 57.20% over the past month.
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Byrna Technologies Inc’s market cap currently stands at around $369.20 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-10.
Analysts have a consensus estimate of 19.71M for the company’s revenue for the quarter, with a low and high estimate of 17.5M and 20.84M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 78.51M, representing a 84.10% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BYRN is a 100% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend BYRN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BYRN’s current price about 34.43% and 52.65% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 74.98, while 7-day volatility ratio is 7.73% and 6.20% in the 30-day chart. Further, Byrna Technologies Inc (BYRN) has a beta value of 1.63, and an average true range (ATR) of 0.96. Analysts have given the company’s stock an average 52-week price target of $14, forecast between a low of $12 and high of $25. Looking at the price targets, the low is 25.97% off recent price level in today’s trading while to achieve the yearly target high, it has to move -54.23%. Nonetheless, investors will most likely welcome a 13.63% jump to $14 which is the analysts’ median price.
If we refocus on Byrna Technologies Inc (NASDAQ:BYRN), historical trading data shows that trading volumes averaged 0.5 over the past 10 days and 304.96K over the past 3 months. The company’s latest data on shares outstanding shows there are 22.00 million shares.
The 22.60% of Byrna Technologies Inc’s shares are in the hands of company insiders while institutional holders own 39.33% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.93 million on 2024-08-15, giving us a short ratio of 9.82. The data shows that as of 2024-08-15 short interest in Byrna Technologies Inc (BYRN) stood at 1077.00005 of shares outstanding, with shares short rising to 1.91 million registered in 2024-07-15. Current price change has pushed the stock 153.63% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BYRN stock continues to rise going into the next quarter.
