B. Riley Issues Q3 Earnings Forecast for Byrna Technologies

On February 10, 2025, B. Riley issued their earnings estimates for Byrna Technologies Inc. (NASDAQ:BYRN) for the third quarter of 2025. Analyst J. Van. Sinderen predicts that Byrna Technologies will report earnings of $0.05 per share for this quarter. In addition to this forecast, B. Riley has also provided other estimates for Byrna Technologies, predicting earnings of $0.24 per share for FY2025, $0.41 per share for FY2026, and $0.58 per share for FY2027.

Byrna Technologies recently announced its earnings results on February 7, 2025. The company reported earnings of $0.17 per share for the previous quarter, which exceeded analysts' expectations by a significant margin of $0.12, as the consensus estimate was set at $0.05 per share. Moreover, Byrna Technologies achieved a return on equity of 5.58% with a net margin of 3.12%, showcasing its financial health.

In other news, Roth MKM maintained a “buy” rating on Byrna Technologies, setting a price target of $20.00 for the stock in a report released on October 30, 2024. Additionally, three market analysts currently rate the company as a buy, while one analyst has assigned a strong buy rating. According to data from MarketBeat, Byrna Technologies holds a consensus rating of “Buy” with an average price target set at $17.75.

Current Stock Performance

As of Wednesday, BYRN stock opened at $32.84, reflecting its market capitalization of approximately $747.44 million. The stock's price-to-earnings (P/E) ratio stands at 364.93, with a beta value of 1.65, indicating its volatility compared to the market. Byrna Technologies has recorded a 50-day moving average of $28.21 and a 200-day moving average of $19.55. Over the past year, the stock reached a low of $7.79 and a high of $34.78.

Institutional Investment Trends

In recent developments, several institutional investors have taken action regarding Byrna Technologies stock. Sound View Wealth Advisors Group LLC increased its stake in the company by 0.3% during the last quarter, bringing its total holdings to 106,735 shares valued at about $3.075 million. Similarly, JPMorgan Chase & Co. raised its position by 6.3%, acquiring an additional 484 shares and now holding 8,109 shares valued at approximately $234,000. Walleye Capital LLC also increased its holdings by 1.3%, now possessing 52,379 shares worth around $889,000. Additionally, Russell Investments Group Ltd. and Global Retirement Partners LLC acquired new positions valued at roughly $29,000 and $30,000, respectively. Overall, institutional investors and hedge funds own 25.46% of Byrna Technologies stock.

Company Overview

Byrna Technologies Inc. specializes in non-lethal defense technology solutions, catering to law enforcement and private security markets. The company provides handheld personal security devices and shoulder-fired launchers without requiring a firearms license or background check. Byrna's product range includes various types of projectiles, such as chemical irritant rounds, kinetic projectiles, and inert rounds.

Earnings, Forecast, Byrna