Byrna Technologies Inc (NASDAQ:BYRN) shares, rose in value, with the stock price down by -4.00% to the previous day’s close as strong demand from buyers drove the stock to $13.21.
Actively observing the price movement in the last trading, the stock closed the session at $13.76. The value of beta (5-year monthly) was 1.68. Referring to stock’s 52-week performance, its high was $14.64, and the low was $2.19. On the whole, BYRN has fluctuated by 19.76% over the past month.
With the market capitalization of Byrna Technologies Inc currently standing at about $300.40 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 05, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.01, which is expected to increase to $0 for fiscal year -$0.16 and then to about $0.02 by fiscal year 2024. Data indicates that the EPS growth is expected to be -77.80% in 2024, while the next year’s EPS growth is forecast to be 112.50%.
Analysts have estimated the company’s revenue for the quarter at $15.64 million, with a low estimate of $9.41 million and a high estimate of $15.6 million. According to the average forecast, sales growth in current quarter could jump down -2.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $42.64 million, representing a decrease of -11.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BYRN’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BYRN currently trading nearly 0.71% and 18.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.86, while the 7-day volatility ratio is showing 10.84% which for the 30-day chart, stands at 9.26%. Furthermore, Byrna Technologies Inc (BYRN)’s beta value is 1.72, and its average true range (ATR) is 1.06.
A comparison of Byrna Technologies Inc (BYRN) with its peers suggests the former has fared considerably weaker in the market. BYRN showed an intraday change of -4.00% in last session, and over the past year, it grew by 76.84%%.
Data on historical trading for Byrna Technologies Inc (NASDAQ:BYRN) indicates that the trading volumes over the past 10 days have averaged 0.26 million and over the past 3 months, they’ve averaged 180.69K. According to company’s latest data on outstanding shares, there are 22.00 million shares outstanding.
Nearly 23.74% of Byrna Technologies Inc’s shares belong to company insiders and institutional investors own 25.07% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.8 million shares as on Mar 15, 2024, resulting in a short ratio of 3.47. According to the data, the short interest in Byrna Technologies Inc (BYRN) stood at 3.62% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.78 million. The stock has risen by 106.73% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BYRN stock heading into the next quarter.
