While Byrna Technologies Inc has underperformed by -1.98%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BYRN fell by -21.87%, with highs and lows ranging from $34.78 to $7.79, whereas the simple moving average fell by -3.62% 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.
Analysis of Byrna Technologies Inc (BYRN)
Further, the quarter-over-quarter increase in sales is 40.63%, showing a positive trend in the upcoming months.
One of the most important indicators of Byrna Technologies Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 28.05% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.53, 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.
For any stock, average volume can also provide valuable insight into volatility, and BYRN is recording 553.74K average volume. On a monthly basis, the volatility of the stock is set at 8.06%, whereas on a weekly basis, it is put at 14.22%, with a loss of -32.93% over the past seven days. Furthermore, long-term investors anticipate a median target price of $37.62, showing growth from the present price of $22.51, 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 Aerospace & Defense market is dominated by Byrna Technologies Inc (BYRN) based in the USA. 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 36.23, there is a growth in quarterly earnings of 15.77%.
Along with the fundamentals, it is also important to consider how many employees own shares of 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 22.24%. 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 59.10% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
