While Byrna Technologies Inc has underperformed by -2.79%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BYRN rose by 77.45%, with highs and lows ranging from $14.44 to $2.19, whereas the simple moving average jumped by 136.97% in the last 200 days.
On April 26, 2022, Dawson James started tracking Byrna Technologies Inc (NASDAQ: BYRN) recommending Buy. A report published by Raymond James on August 20, 2021, Initiated its previous ‘Strong Buy’ rating for BYRN. B. Riley Securities also rated BYRN shares as ‘Buy’, setting a target price of $31 on the company’s shares in an initiating report dated August 02, 2021.
Analysis of Byrna Technologies Inc (BYRN)
Further, the quarter-over-quarter increase in sales is 98.55%, 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 -18.55% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.81, 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 159.60K can be a very valuable indicator of volatility for BYRN stock. On a monthly basis, the volatility of the stock is set at 8.30%, whereas on a weekly basis, it is put at 5.19%, with a gain of 0.94% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.38, showing decline from the present price of $13.93, 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?
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 23.74%. 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 25.90% 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 25.90% at present.
