After finishing at $13.76 in the prior trading day, Byrna Technologies Inc (NASDAQ: BYRN) closed at $13.21, down -4.00%. In other words, the price has decreased by -$0.55 from its previous closing price. On the day, 1148077 shares were traded.
Ratios:
Our goal is to gain a better understanding of BYRN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.05. For the most recent quarter (mrq), Quick Ratio is recorded 3.21 and its Current Ratio is at 4.66. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Dawson James on April 26, 2022, initiated with a Buy rating and assigned the stock a target price of $12.
On August 20, 2021, Raymond James started tracking the stock assigning a Strong Buy rating and target price of $36.
On August 02, 2021, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $31.B. Riley Securities initiated its Buy rating on August 02, 2021, with a $31 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 21 ’24 when Wager Lisa sold 7,072 shares for $11.48 per share. The transaction valued at 81,211 led to the insider holds 190,686 shares of the business.
Hughes Herbert sold 5,229 shares of BYRN for $62,914 on Feb 20 ’24. The Board Chair now owns 137,416 shares after completing the transaction at $12.03 per share. On Oct 19 ’23, another insider, North David, who serves as the Chief Financial Officer of the company, bought 1,200 shares for $4.00 each. As a result, the insider paid 4,800 and bolstered with 22,989 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BYRN now has a Market Capitalization of 291.09M and an Enterprise Value of 272.49M. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.90 while its Price-to-Book (P/B) ratio in mrq is 6.80. Its current Enterprise Value per Revenue stands at 6.39 whereas that against EBITDA is -41.74.
Stock Price History:
Over the past 52 weeks, BYRN has reached a high of $14.64, while it has fallen to a 52-week low of $2.19. The 50-Day Moving Average of the stock is 11.25, while the 200-Day Moving Average is calculated to be 6.14.
Shares Statistics:
The stock has traded on average 180.69K shares per day over the past 3-months and 365.79k shares per day over the last 10 days, according to various share statistics. A total of 22.00M shares are outstanding, with a floating share count of 17.34M. Insiders hold about 23.74% of the company’s shares, while institutions hold 25.07% stake in the company. Shares short for BYRN as of Mar 15, 2024 were 797.13k with a Short Ratio of 4.41, compared to 783.69k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.62% and a Short% of Float of 4.56%.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.11 and a low estimate of -$0.06, while EPS last year was $0.06. The consensus estimate for the next quarter is -$0.05, with high estimates of $0 and low estimates of -$0.11.
Analysts are recommending an EPS of between $0.02 and -$0.29 for the fiscal current year, implying an average EPS of -$0.16. EPS for the following year is $0.02, with 3 analysts recommending between $0.24 and -$0.25.
Revenue Estimates
4 analysts predict $15.64M in revenue for the current quarter. It ranges from a high estimate of $15.6M to a low estimate of $9.41M. As of the current estimate, Byrna Technologies Inc’s year-ago sales were $16.02M, an estimated decrease of -2.40% from the year-ago figure.
A total of 4 analysts have provided revenue estimates for BYRN’s current fiscal year. The highest revenue estimate was $42.6M, while the lowest revenue estimate was $36.42M, resulting in an average revenue estimate of $42.64M. In the same quarter a year ago, actual revenue was $48.04M, down -11.20% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $56.6M in the next fiscal year. The high estimate is $60M and the low estimate is $53.7M. The average revenue growth estimate for next year is up 32.70% from the average revenue estimate for this year.
