Q4 2024 Earnings Forecast for Byrna Technologies Inc. (NASDAQ:BYRN) Issued By B. Riley

Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) - B. Riley boosted their Q4 2024 earnings per share (EPS) estimates for Byrna Technologies in a report issued on Thursday, October 10th. B. Riley analyst J. Van. Sinderen now forecasts that the company will post earnings of $0.01 per share for the quarter, up from their prior estimate of ($0.01). The consensus estimate for Byrna Technologies' current full-year earnings is $0.10 per share. B. Riley also issued estimates for Byrna Technologies' FY2025 earnings at $0.13 EPS and FY2026 earnings at $0.27 EPS.

Other equities research analysts have also issued reports about the company. Roth Mkm began coverage on Byrna Technologies in a research note on Wednesday, August 28th. They issued a "buy" rating and a $14.00 price objective on the stock. Roth Capital raised Byrna Technologies to a "strong-buy" rating in a report on Wednesday, August 28th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $15.75.

Byrna Technologies Trading Up 7.0 %

BYRN traded up $0.98 on Monday, hitting $14.94. 895,404 shares of the stock traded hands, compared to its average volume of 303,098. Byrna Technologies has a 52 week low of $3.18 and a 52 week high of $19.42. The firm has a market capitalization of $340.29 million, a PE ratio of -106.71 and a beta of 1.69. The business has a fifty day moving average price of $13.79 and a two-hundred day moving average price of $12.35.

Hedge Funds Weigh In On Byrna Technologies

A number of large investors have recently modified their holdings of the business. Algert Global LLC acquired a new position in shares of Byrna Technologies during the 2nd quarter worth about $131,000. Millennium Management LLC boosted its stake in shares of Byrna Technologies by 53.5% during the 2nd quarter. Millennium Management LLC now owns 321,915 shares of the company's stock worth $3,213,000 after buying an additional 112,262 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Byrna Technologies during the 2nd quarter worth about $466,000. Cubist Systematic Strategies LLC boosted its stake in shares of Byrna Technologies by 145.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 76,202 shares of the company's stock worth $760,000 after buying an additional 45,118 shares during the last quarter. Finally, Divisadero Street Capital Management LP acquired a new position in shares of Byrna Technologies during the 2nd quarter worth about $2,693,000. 25.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Lisa Wager sold 20,000 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $13.50, for a total value of $270,000.00. Following the transaction, the insider now owns 229,555 shares of the company's stock, valued at $3,098,992.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Byrna Technologies news, insider Lisa Wager sold 20,000 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $13.50, for a total transaction of $270,000.00. Following the completion of the transaction, the insider now owns 229,555 shares in the company, valued at approximately $3,098,992.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Herbert Hughes sold 6,500 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $15.08, for a total value of $98,020.00. Following the transaction, the chairman now owns 122,089 shares of the company's stock, valued at approximately $1,841,102.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,416 shares of company stock valued at $820,581. 8.44% of the stock is currently owned by corporate insiders.

About Byrna Technologies

Byrna Technologies Inc, a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. The company offers handheld personal security devices and shoulder-fired launchers without the need for background check or firearm license; and projectiles including chemical irritant, kinetic, and inert rounds.