The stock of Byrna Technologies Inc. (NASDAQ:BYRN) last traded at $7.28, up 5.97% from the previous session.
Data from the available sources indicates that Byrna Technologies Inc. (NASDAQ:BYRN) is covered by 4 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $9.50, we find $13.25. Given the previous closing price of $6.87, this indicates a potential upside of 92.87 percent. BYRN stock price is now 13.98% away from the 50-day moving average and -8.80% away from the 200-day moving average. The market capitalization of the company currently stands at $152.81M.
In total, 0 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $13.00 as their price target over the next twelve months.
With the price target of $12, Dawson James recently initiated with Buy rating for Byrna Technologies Inc. (NASDAQ: BYRN). On August 20, 2021, Raymond James recently initiated its ‘Strong Buy’ rating on the stock quoting a target price of $36, while ‘B. Riley Securities’ rates the stock as ‘Buy’.
In other news, Wager Michael, Chief Strategy Officer bought 20,000 shares of the company’s stock on Oct 07. The stock was bought for $102,148 at an average price of $5.11. Upon completion of the transaction, the Chief Strategy Officer now directly owns 40,000 shares in the company, valued at $0.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 07, President and CEO Ganz Bryan bought 12,960 shares of the business’s stock. A total of $65,994 was incurred on buying the stock at an average price of $5.09. This leaves the insider owning 603,148 shares of the company worth $4.39 million. Insiders disposed of 110,000 shares of company stock worth roughly $0.8 million over the past 1 year. A total of 3.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BYRN stock. A new stake in Byrna Technologies Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $1,302,000. MINOT WEALTH MANAGEMENT LLC invested $1,030,000 in shares of BYRN during the first quarter. In the first quarter, ERGOTELES LLC acquired a new stake in Byrna Technologies Inc. valued at approximately $666,000. M&T BANK CORP acquired a new stake in BYRN for approximately $619,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP purchased a new stake in BYRN valued at around $404,000 in the second quarter. In total, there are 68 active investors with 27.90% ownership of the company’s stock.
With an opening price of $6.92 on Friday morning, Byrna Technologies Inc. (NASDAQ: BYRN) set off the trading day. During the past 12 months, Byrna Technologies Inc. has had a low of $4.50 and a high of $17.04. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.20, and a quick ratio of 3.40. The fifty day moving average price for BYRN is $6.36 and a two-hundred day moving average price translates $7.97 for the stock.
The latest earnings results from Byrna Technologies Inc. (NASDAQ: BYRN) was released for Aug, 2022. According to the Aerospace & Defense Company, earnings per share came in at -$0.01, missing analysts’ expectations of $0.02 by -0.03. This compares to -$0.08 EPS in the same period last year. The net profit margin was -25.40% and return on equity was -19.90% for BYRN. The company reported revenue of $12.42 million for the quarter, compared to $8.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 42.73 percent. For the current quarter, analysts expect BYRN to generate $16.36M in revenue.
Byrna Technologies Inc.(BYRN) Company Profile
Byrna Technologies Inc., a less-lethal defense technology company, develops and manufactures less-lethal munitions. It offers a Byrna line of handheld personal security devices, including the Byrna SD and Byrna SD.68 caliber handheld personal security devices that are designed to be used by civilians and private security professionals, as well as Byrna HD magazines, shoulder-fired launchers, and projectiles. The company also offers accessories and related safety products, including the Byrna Banshee, Byrna Shield, compressed carbon dioxide canisters, sighting systems, holsters, and Byrna-branded apparels. It operates in the United States and South Africa. The company was formerly known as Security Devices International, Inc. and changed its name to Byrna Technologies Inc. in March 2020. Byrna Technologies Inc. was incorporated in 2005 and is headquartered in Andover, Massachusetts.