Market Recap: Byrna Technologies Inc (BYRN)’s Positive Momentum, Closing at 19.05

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The closing price of Byrna Technologies Inc (NASDAQ: BYRN) was $19.05 for the day, up 3.65% from the previous closing price of $18.38. In other words, the price has increased by $3.65 from its previous closing price. On the day, 0.52 million shares were traded. BYRN stock price reached its highest trading level at $19.38 during the session, while it also had its lowest trading level at $18.31.

Ratios:

Our analysis of BYRN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.57. For the most recent quarter (mrq), Quick Ratio is recorded 1.93 and its Current Ratio is at 3.51. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.04.

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, ROTH MKM on August 28, 2024, initiated with a Buy rating and assigned the stock a target price of $14.

On April 26, 2022, Dawson James started tracking the stock assigning a Buy rating and target price of $12.

On August 20, 2021, Raymond James started tracking the stock assigning a Strong Buy rating and target price of $36.Raymond James initiated its Strong Buy rating on August 20, 2021, with a $36 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 10 ’24 when KEARNES LAURILEE bought 2,000 shares for $14.04 per share. The transaction valued at 28,076 led to the insider holds 2,500 shares of the business.

Ganz Bryan sold 2,478 shares of BYRN for $45,744 on Sep 25 ’24. The President and CEO now owns 398,059 shares after completing the transaction at $18.46 per share. On Sep 24 ’24, another insider, Ganz Bryan, who serves as the President and CEO of the company, sold 32,026 shares for $17.98 each. As a result, the insider received 575,715 and left with 400,537 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 428224928 and an Enterprise Value of 411222048. As of this moment, Byrna’s Price-to-Earnings (P/E) ratio for their current fiscal year is 202.01, and their Forward P/E ratio for the next fiscal year is 50.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.83 while its Price-to-Book (P/B) ratio in mrq is 9.62. Its current Enterprise Value per Revenue stands at 5.601 whereas that against EBITDA is 130.051.

Stock Price History:

Over the past 52 weeks, BYRN has reached a high of $19.42, while it has fallen to a 52-week low of $4.83. The 50-Day Moving Average of the stock is 18.57%, while the 200-Day Moving Average is calculated to be 51.54%.

Shares Statistics:

BYRN traded an average of 513.22K shares per day over the past three months and 492750 shares per day over the past ten days. A total of 22.00M shares are outstanding, with a floating share count of 17.44M. Insiders hold about 22.40% of the company’s shares, while institutions hold 40.90% stake in the company. Shares short for BYRN as of 1730332800 were 2502018 with a Short Ratio of 4.88, compared to 1727654400 on 2168739. Therefore, it implies a Short% of Shares Outstanding of 2502018 and a Short% of Float of 14.17.

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