Byrna Stock Story


USD 8.69  0.04  0.46%   

While some planning is required to successfully invest in stocks, sometimes taking bold action is just as important. Let's try to outline why this may be the case with Byrna Technologies. We will evaluate why recent Byrna Technologies price moves suggest a bounce in August. Byrna Technologies is currently traded for 9.18. The entity has historical hype elasticity of 0.06. The average price elasticity to hype of competition is about 0.07. The firm is projected to increase in value after the next press release, with the price going to jump to 8.63. The latest volatility of headline impact on the company stock price is is way over 100 percent making price predictions on social media along less reliable. The price upswing on the next news is forecasted to be 0.35%, whereas the daily expected return is currently at 0.24%. Given the investment horizon of 90 days the next projected announcement will be in about 5 days.
Published over a month ago
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Is Byrna Technologies (NASDAQ:BYRN) gaining more confidence from institutional investors?

The company's average rating is Strong Buy from 3 analysts.
We provide trade advice to complement the prevailing expert consensus on Byrna Technologies. Our dynamic recommendation engine uses a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time.
The company has Profit Margin (PM) of (15.11) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (9.67) %, which suggests for every $100 dollars of sales, it generated a net operating loss of -0.1.
The successful prediction of Byrna Technologies stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Byrna Technologies, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Byrna Technologies based on Byrna Technologies hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Byrna Technologies's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Byrna Technologies's related companies.

Use Technical Analysis to project Byrna expected Price

Byrna Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Byrna Technologies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Byrna Technologies trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

How does Byrna utilize its cash?

To perform a cash flow analysis of Byrna Technologies, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Byrna Technologies is receiving and how much cash it distributes out in a given period. The Byrna Technologies cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Byrna Technologies Net Cash Flow from Operations is quite stable at the moment as compared to the past year. The company's current value of Net Cash Flow from Operations is estimated at (4.1 Million)

Acquisition by Rooney Emily of 3409 shares of Byrna Technologies subject to Rule 16b-3

Legal trades by Byrna Technologies insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Byrna insider trading alert for grant of restricted stock unit by Rooney Emily, the corporate stakeholder, on 5th of August 2022. This event was filed by Byrna Technologies Inc with SEC on 2022-08-05. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

A Deeper Perspective

The latest bullish price patterns experienced by current Byrna Technologies shareholders could raise concerns from institutional investors as the firm is trading at a share price of 9.18 on 180,954 in volume. The company management teams have been very successful in rebalancing the firm assets at opportune times to take advantage of market volatility in June. The stock standard deviation of daily returns for 90 days investing horizon is currently 3.8. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Byrna Technologies partners.
 2019 2020 2021 2022 (projected)
Current Assets16.61 M66.16 M76.09 M82.09 M
Total Assets21.22 M75.31 M86.61 M93.45 M

Deferred Revenue Breakdown

Byrna Technologies Deferred Revenue yearly trend continues to be quite stable with very little volatility. Deferred Revenue may rise above about 1.8 M this year. Deferred Revenue usually refers to a component of Total Liabilities representing the carrying amount of consideration received or receivable on potential earnings that were not recognized as revenue; including sales; license fees; and royalties; but excluding interest income. Byrna Technologies Deferred Revenue is quite stable at the moment as compared to the past year. The company's current value of Deferred Revenue is estimated at 1.85 Million
20194.9 Million
20201.12 Million
20211.29 Million
20221.85 Million

Will Byrna Technologies latest rise continue?

The downside deviation is down to 3.58 as of today. Byrna Technologies shows above-average downside volatility for the selected time horizon. We advise investors to inspect Byrna Technologies further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Byrna Technologies future alpha. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Byrna Technologies' stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Byrna Technologies' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Byrna Technologies Implied Volatility

Byrna Technologies' implied volatility exposes the market's sentiment of Byrna Technologies stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Byrna Technologies' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Byrna Technologies stock will not fluctuate a lot when Byrna Technologies' options are near their expiration.

The Current Takeaway on Byrna Technologies Investment

Whereas many other companies under the aerospace & defense industry are still a bit expensive, Byrna Technologies may offer a potential longer-term growth to institutional investors. With an optimistic outlook on your 90 days horizon, it may be a good time to acquire new shares of Byrna or increase your existing holdings in the Stock as it seems the potential growth has not yet been fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Byrna Technologies.

Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Byrna Technologies. Please refer to our Terms of Use for any information regarding our disclosure principles.

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