While Byrna Technologies Inc has underperformed by -0.29%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BYRN rose by 413.24%, with highs and lows ranging from $19.42 to $2.52, whereas the simple moving average jumped by 21.85% in the last 200 days.
On August 28, 2024, ROTH MKM started tracking Byrna Technologies Inc (NASDAQ: BYRN) recommending Buy. A report published by Dawson James on April 26, 2022, Initiated its previous ‘Buy’ rating for BYRN. Raymond James also rated BYRN shares as ‘Strong Buy’, setting a target price of $36 on the company’s shares in an initiating report dated August 20, 2021. B. Riley Securities Initiated an Buy rating on August 02, 2021, and assigned a price target of $31.
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Analysis of Byrna Technologies Inc (BYRN)
Further, the quarter-over-quarter increase in sales is 194.34%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Byrna Technologies Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 5.28% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.93, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 423.88K can be a very valuable indicator of volatility for BYRN stock. On a monthly basis, the volatility of the stock is set at 9.40%, whereas on a weekly basis, it is put at 12.32%, with a loss of -26.33% over the past seven days. Furthermore, long-term investors anticipate a median target price of $21.94, showing growth from the present price of $13.96, which can serve as yet another indication of whether BYRN is worth investing in or should be passed over.
How Do You Analyze Byrna Technologies Inc Shares?
The USA based company Byrna Technologies Inc (BYRN) is one of the biggest names in Aerospace & Defense. When comparing Byrna Technologies Inc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 148.04, there is a growth in quarterly earnings of 123.50%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 22.37%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 39.34% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BYRN shares are owned by institutional investors to the tune of 39.34% at present.
