Last Updated: 19 Sep 2024
Executive Summary
Byrna Technologies Inc. (BYRN) is a less lethal defense technology company with a market capitalization of $378.55 million. The company's recent financial performance has been mixed, with revenue growth but negative earnings. Analysts have a mixed view on the stock, with one strong buy rating, one buy rating, and one hold rating. The latest stock price is $16.62, and the analyst target price is $19.42.
Company Overview
Byrna Technologies develops and manufactures less lethal munitions. The company's products are used by law enforcement, military, and security personnel. Byrna has a strong focus on research and development, and it has a number of patents for its less lethal technologies.
Fundamental Analysis
Byrna's financial performance has been mixed in recent years. Revenue has grown, but the company has reported negative earnings. In the latest quarter, Byrna reported revenue of $59.65 million, up 0.76% year-over-year. However, the company reported a net loss of $1.69 million, or -$0.13 per share.
Byrna's gross profit margin is 44%, and its operating margin is 9%. The company's return on assets is -3.44%, and its return on equity is -6.3%.
Technical Analysis
Byrna's stock price has been volatile in recent months. The stock reached a 52-week high of $17.25 in January 2023, but it has since fallen to $16.62. The stock's 50-day moving average is $11.23, and its 200-day moving average is $10.55.
Short Term Outlook
Analysts are mixed on the short-term outlook for Byrna's stock. Some analysts believe that the stock is undervalued and that it could rebound in the near term. Other analysts are more cautious, citing the company's negative earnings.
Long Term Outlook
Analysts are more bullish on the long-term outlook for Byrna's stock. The company has a strong focus on research and development, and it has a number of patents for its less lethal technologies. This could give the company a competitive advantage in the long term.
Analyst Recommendations
Analysts have a mixed view on Byrna's stock. One analyst has a strong buy rating, one analyst has a buy rating, and one analyst has a hold rating. The analyst target price is $19.42.
