Byrna Technologies (BYRN) Stock Price, News & Analysis

Company Overview

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. It offers self-defense aerosol products under the Byran Bad Guy Repellent brand; and accessories and related safety products, which includes carbon dioxide canisters, sighting systems, and holster under the Byran Banshee and Byran Shield brand, as well as Byrna-branded apparel. In addition, the company provides the products to the consumer market through Byrna e-commerce store and Amazon storefront, and network of local, regional and national outdoor and sporting goods stores, either directly or through distributors; and professional security market through Train the Trainer program and de-escalation methods. It operates in the United States, South Africa, Europe, South America, Asia, and Canada. The company was formerly known as Security Devices International, Inc. and changed its name to Byrna Technologies Inc. in March 2020. Byrna Technologies Inc. was incorporated in 2005 and is headquartered in Andover, Massachusetts.

Key Stats

• Today's Range: $17.83 to $21.42
• 50-Day Range: $13.96 to $21.34
• 52-Week Range: $5.11 to $21.62
• Volume: 1.07 million shs
• Average Volume: 325,106 shs
• Market Capitalization: $440.14 million
• P/E Ratio: 214.91
• Dividend Yield: N/A
• Price Target: $17.75
• Consensus Rating: Buy

Byrna Technologies Stock Analysis - MarketRank™

Byrna Technologies scored higher than 30% of companies evaluated by MarketBeat, and ranked 251st out of 331 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.6 / 5
• Analyst Rating: Buy

Consensus Rating

Byrna Technologies has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Byrna Technologies has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 17.65%

Earnings Growth

Earnings for Byrna Technologies are expected to grow by 17.65% in the coming year, from $0.17 to $0.20 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Byrna Technologies is 214.91, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Byrna Technologies is 214.91, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 46.21.

Price to Book Value per Share Ratio

Byrna Technologies has a P/B Ratio of 10.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

14.33% of the float of Byrna Technologies has been sold short.

Short Interest Ratio / Days to Cover

Byrna Technologies has a short interest ratio ("days to cover") of 4.9.

Change versus previous month

Short interest in Byrna Technologies has recently increased by 4.60%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Byrna Technologies does not currently pay a dividend.

Dividend Growth

Byrna Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

14.33% of the float of Byrna Technologies has been sold short.

Short Interest Ratio / Days to Cover

Byrna Technologies has a short interest ratio ("days to cover") of 4.9.

Change versus previous month

Short interest in Byrna Technologies has recently increased by 4.60%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.78

News Sentiment

Byrna Technologies has a news sentiment score of 0.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Byrna Technologies this week, compared to 3 articles on an average week.

Search Interest

Only 9 people have searched for BYRN on MarketBeat in the last 30 days. This is a decrease of -55% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Byrna Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Byrna Technologies insiders have sold 1,657.89% more of their company's stock than they have bought. Specifically, they have bought $46,680.00 in company stock and sold $820,581.00 in company stock.

Percentage Held by Insiders

11.08% of the stock of Byrna Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 25.46% of the stock of Byrna Technologies is held by institutions.

BYRN Stock Analysis - Frequently Asked Questions

How have BYRN shares performed this year?

Byrna Technologies' stock was trading at $6.39 at the beginning of the year. Since then, BYRN shares have increased by 202.7% and is now trading at $19.34.
View the best growth stocks for 2024 here.

How were Byrna Technologies' earnings last quarter?

Byrna Technologies Inc. (NASDAQ:BYRN) posted its quarterly earnings results on Wednesday, October, 9th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. The firm earned $20.85 million during the quarter, compared to analysts' expectations of $20.82 million. Byrna Technologies had a trailing twelve-month return on equity of 5.58% and a net margin of 3.12%.

Who are Byrna Technologies' major shareholders?

Top institutional shareholders of Byrna Technologies include FMR LLC (7.45%), ArrowMark Colorado Holdings LLC (4.93%), Geode Capital Management LLC (1.72%) and State Street Corp (1.38%). Insiders that own company stock include Bryan Ganz, Lisa Wager, Herbert Hughes, Michael Wager, David North, Luan Pham and Laurilee Kearnes.
View institutional ownership trends.

How do I buy shares of Byrna Technologies?

Shares of BYRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Byrna Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Byrna Technologies investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), ServiceNow (NOW) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 10/09/2024
• Today: 11/20/2024
• Fiscal Year End: 11/30/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Miscellaneous electrical machinery, equipment, & supplies
• Sub-Industry: Electrical Equipment
• Current Symbol: NASDAQ:BYRN
• CUSIP: N/A
• CIK: 1354866
• Web: www.byrna.com
• Phone: (978) 868-5011
• Fax: N/A
• Employees: 150
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $17.75
• High Stock Price Target: $20.00
• Low Stock Price Target: $16.25
• Potential Upside/Downside: -6.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.09
• Trailing P/E Ratio: 210.02
• Forward P/E Ratio: 111.18
• P/E Growth: N/A
• Net Income: $-8,190,000.00
• Net Margins: 3.12%
• Pretax Margin: -11.39%
• Return on Equity: 5.58%
• Return on Assets: 4.42%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.51
• Quick Ratio: 1.93

Sales & Book Value

• Annual Sales: $73.42 million
• Price / Sales: 5.86
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.93 per share
• Price / Book: 9.79

Miscellaneous

• Outstanding Shares: 22,758,000
• Free Float: 20,236,000
• Market Cap: $430.13 million
• Optionable: Optionable
• Beta: 1.72