That’s why I Feel Comfortable With Byrna Technologies Inc’s (BYRN) Future

A share price of Byrna Technologies Inc [BYRN] is currently trading at $9.98, down -3.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The BYRN shares have gain 5.05% over the last week, with a monthly amount drifted -13.07%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Byrna Technologies Inc [NASDAQ: BYRN] stock has seen the most recent analyst activity on April 26, 2022, when Dawson James initiated its Buy rating and assigned the stock a price target of $12. Previously, Raymond James started tracking the stock with Strong Buy rating on August 20, 2021, and set its price target to $36. On August 02, 2021, B. Riley Securities initiated with a Buy rating and assigned a price target of $31 on the stock.

Byrna Technologies Inc experienced fluctuations in its stock price throughout the past year between $2.19 and $15.34. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Byrna Technologies Inc [NASDAQ: BYRN] shares were valued at $9.98 at the most recent close of the market. An investor can expect a potential return of 60.32% based on the average BYRN price forecast.

Analyzing the BYRN fundamentals

Trailing Twelve Months sales for Byrna Technologies Inc [NASDAQ:BYRN] were 59.65M which represents 76.13% growth. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.07 and Total Capital is -0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.26 points at the first support level, and at 8.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.35, and for the 2nd resistance point, it is at 12.72.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Byrna Technologies Inc [NASDAQ:BYRN] is 3.91. On the other hand, the Quick Ratio is 2.53, and the Cash Ratio is 2.22. Considering the valuation of this stock, the price to sales ratio is 3.80, the price to book ratio is 5.02.

Transactions by insiders

Recent insider trading involved Wager Lisa, Corporate Secretary, CGO, that happened on May 24 ’24 when 8333.0 shares were sold. Chairman of the Board, Hughes Herbert completed a deal on May 21 ’24 to sell 8836.0 shares. Meanwhile, Corporate Secretary, CGO Wager Lisa sold 8333.0 shares on May 21 ’24.

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