Analysts predict Byrna Technologies Inc (BYRN) stock to reach $18.31 in the next 12 months

Byrna Technologies Inc [BYRN] stock is trading at $21.31, up 4.92%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BYRN shares have gain 16.32% over the last week, with a monthly amount glided 46.76%, and 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 August 28, 2024, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $14. Previously, Dawson James started tracking the stock with Buy rating on April 26, 2022, and set its price target to $12. On August 20, 2021, Raymond James initiated with a Strong Buy rating and assigned a price target of $36 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $31 on August 02, 2021.

Byrna Technologies Inc [BYRN] stock has fluctuated between $5.11 and $21.62 over the past year. Currently, Wall Street analysts expect the stock to reach $18.31 within the next 12 months. Byrna Technologies Inc [NASDAQ: BYRN] shares were valued at $21.31 at the most recent close of the market. An investor can expect a potential drop of -14.08% based on the average BYRN price forecast.

Analyzing the BYRN fundamentals

Byrna Technologies Inc [NASDAQ:BYRN] reported sales of 73.42M for the trailing twelve months, which represents a growth of 194.34%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.05 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.

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 20.14 points at the first support level, and at 18.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.15, and for the 2nd resistance point, it is at 22.99.

Ratios To Look Out For

For context, Byrna Technologies Inc’s Current Ratio is 3.51. Further, the Quick Ratio stands at 1.93, while the Cash Ratio is 1.6. Considering the valuation of this stock, the price to sales ratio is 6.85, the price to book ratio is 10.76 and price to earnings (TTM) ratio is 225.98.

Transactions by insiders

Recent insider trading involved Hughes Herbert, Chairman of the Board, that happened on Nov 19 ’24 when 5000.0 shares were sold. President and CEO, Ganz Bryan completed a deal on Nov 19 ’24 to sell 18826.0 shares. Meanwhile, President and CEO Ganz Bryan sold 1174.0 shares on Nov 14 ’24.

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