Latest news with #ByrnaTechnologiesInc
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9 hours ago
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Why Byrna Technologies (BYRN) Could Beat Earnings Estimates Again
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Byrna Technologies Inc. (BYRN). This company, which is in the Zacks Technology Services industry, shows potential for another earnings beat. This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 245%. For the most recent quarter, Byrna Technologies was expected to post earnings of $0.02 per share, but it reported $0.07 per share instead, representing a surprise of 250%. For the previous quarter, the consensus estimate was $0.05 per share, while it actually produced $0.17 per share, a surprise of 240%. With this earnings history in mind, recent estimates have been moving higher for Byrna Technologies. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Byrna Technologies has an Earnings ESP of +55.56% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss. Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Byrna Technologies Inc. (BYRN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
9 hours ago
- Business
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Are You Looking for a Top Momentum Pick? Why Byrna Technologies Inc. (BYRN) is a Great Choice
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Byrna Technologies Inc. (BYRN), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Byrna Technologies Inc. Currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> In order to see if BYRN is a promising momentum pick, let's examine some Momentum Style elements to see if this company holds up. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For BYRN, shares are up 17.59% over the past week while the Zacks Technology Services industry is up 2.06% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 45.88% compares favorably with the industry's 1.39% performance as well. While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of Byrna Technologies Inc. Have increased 50.36% over the past quarter, and have gained 183.45% in the last year. In comparison, the S&P 500 has only moved 4.9% and 13.46%, respectively. Investors should also take note of BYRN's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, BYRN is averaging 414,834 shares for the last 20 days. The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with BYRN. Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost BYRN's consensus estimate, increasing from $0.31 to $0.35 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. Taking into account all of these elements, it should come as no surprise that BYRN is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Byrna Technologies Inc. On your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Byrna Technologies Inc. (BYRN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
13-05-2025
- Business
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Byrna Technologies Inc. (NASDAQ:BYRN) is largely controlled by institutional shareholders who own 56% of the company
Significantly high institutional ownership implies Byrna Technologies' stock price is sensitive to their trading actions 52% of the business is held by the top 9 shareholders Recent purchases by insiders Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To get a sense of who is truly in control of Byrna Technologies Inc. (NASDAQ:BYRN), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are institutions with 56% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. In the chart below, we zoom in on the different ownership groups of Byrna Technologies. Check out our latest analysis for Byrna Technologies Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that Byrna Technologies does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Byrna Technologies' historic earnings and revenue below, but keep in mind there's always more to the story. Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Byrna Technologies is not owned by hedge funds. Pierre Lapeyre is currently the largest shareholder, with 13% of shares outstanding. FMR LLC is the second largest shareholder owning 10% of common stock, and Capital Research and Management Company holds about 7.2% of the company stock. Furthermore, CEO Bryan Ganz is the owner of 4.2% of the company's shares. On further inspection, we found that more than half the company's shares are owned by the top 9 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our information suggests that insiders maintain a significant holding in Byrna Technologies Inc.. Insiders have a US$96m stake in this US$487m business. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently. The general public, who are usually individual investors, hold a 25% stake in Byrna Technologies. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. While it is well worth considering the different groups that own a company, there are other factors that are even more important. To that end, you should learn about the 2 warning signs we've spotted with Byrna Technologies (including 1 which is a bit unpleasant) . Ultimately the future is most important. You can access this free report on analyst forecasts for the company. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-04-2025
- Business
- Yahoo
Why Byrna Technologies (BYRN) Is Among the Best Prison and Law Enforcement Stocks to Buy According to Analysts
We recently published a list of . In this article, we are going to take a look at where Byrna Technologies Inc. (NASDAQ:BYRN) stands against other best prison and law enforcement stocks to buy. According to the United Nations Office on Drugs and Crime, an estimated 11.7 million people were detained in prisons across the globe at the end of 2019. This translates to the population of entire countries such as Belgium, Tunisia, Bolivia, or Burundi. The number of people detained in prisons has increased by over 25% since 2000. While a majority of the people imprisoned over the last two decades are men, at around 93%, the number of women in prisons is rising at a faster pace, undergoing a 33% growth as compared to a 25% rise in men. These growing numbers are being reflected in other trends in the industry as well. According to Grand View Research, the US law enforcement PPE (personal protective equipment) industry had a market size of $839.4 million in 2021. It is expected to grow at a compound annual growth rate of 5.0% between 2022 and 2030. Since awareness regarding officer safety in riot control and tactical situations is gaining ground, it is positively impacting growth in this industry. Demand for law enforcement PPE, including face shields, protective clothing, respirator masks, goggles, and surgical masks, especially surged during the COVID-19 pandemic. READ ALSO: and . Various other trends are also materializing in the law enforcement industry. At the end of 2024, CNBC reported that police departments across the United States are beginning to use AI to write police reports. Various companies are developing AI tools to aid police departments in easing the burden of administrative tasks, with law enforcement focusing on slashing budget pressures and crime rates while retaining and recruiting staff. However, legal experts are simultaneously raising red flags over the increasing use of AI in police work, citing concerns such as transparency, accuracy, and potential bias. These challenges can affect the future of AI in law enforcement and policing. A significant part of the impact depends upon the extent to which such tools are used and how they are adopted in the sector. CNBC reported that Utah State Senator Stephanie Pitcher, a defense attorney with Parker & McConkie, said the following about the situation: 'For all of the potential issues that AI technology creates in terms of admissibility of evidence, in terms of being completely transparent, in terms of trying to mitigate the biases that can be introduced into the system, I just don't know that it's worth it.' We sifted through stock screeners, financial media reports, and ETFs to compile a list of 20 prison and law enforcement stocks and chose the top 11 with the highest analyst upside potential as of April 25, 2025. We also included the number of hedge fund holders for each stock as of fiscal Q4 2024, sourcing the hedge fund sentiment data from Insider Monkey's database. The list is ordered in ascending order of analyst upside potential. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (). A military personnel in gear next to a shoulder-fired launcher, representing the company's less-lethal defense technology. Analyst Upside: 54.29% Number of Hedge Fund Holders: 16 Byrna Technologies Inc. (NASDAQ:BYRN) operates as a less-lethal self-defense technology company that develops, manufactures, and sells innovative, less-lethal personal security solutions. It manufactures the Byrna SD personal security device, which is a CO2-powered launcher that acts as a firearm alternative for law enforcement, private security, and consumer markets. The company operates through the following geographical segments: the United States, South Africa, Europe, South America, Asia, and Canada. Byrna Technologies Inc. (NASDAQ:BYRN) reported a notable 57% year-over-year growth in its net revenue, going from $16.7 million in fiscal Q1 2024 to $26.2 million in fiscal Q1 2025. This growth was attributed to channel expansion, strong sales momentum, and broader brand adoption, all reflecting Byrna Technologies Inc.'s (NASDAQ:BYRN) strategic initiatives to expand its market share. The company's expansion into online platforms and retail has also brought positive investor sentiments, as Amazon sales made up 32.6% of its total direct-to-consumer sales by the end of fiscal Q1 2025, undergoing a 19.3% growth from fiscal Q1 2024. Byrna Technologies Inc. (NASDAQ:BYRN) also bolstered its retail presence through partnerships with major chains, including Sportsman's Warehouse. On April 11, Roth MKM analyst Matt Koranda maintained a Buy rating on Byrna Technologies Inc. (NASDAQ:BYRN) and set a price target of $33.00. On April 19, COO John Brasseur expressed confidence in the company by recently purchasing 728 shares of its stock. The transaction was valued at $14,698, reflecting a strong vote of confidence in Byrna Technologies Inc.'s (NASDAQ:BYRN) future operations and ranking it sixth on our list of the top prison and law enforcement stocks to invest in. Overall, BYRN ranks 6th on our list of the best prison and law enforcement stocks to buy. While we acknowledge the potential for BYRN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BYRN but trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
11-04-2025
- Business
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Byrna Technologies Inc (BYRN) Q1 2025 Earnings Call Highlights: Record Revenue Growth and ...
Net Revenue: $26.2 million for Q1 2025, a 57% increase from $16.7 million in Q1 2024. Gross Profit: $15.9 million or 61% of net revenue, up from $9.6 million or 58% in Q1 2024. Operating Expenses: $14.2 million, up from $9.8 million in Q1 2024. Net Income: $1.7 million, compared to $17,000 in Q1 2024. Adjusted EBITDA: $2.8 million, up from $1.2 million in Q1 2024. Cash, Cash Equivalents, and Marketable Securities: $19.3 million as of February 28, 2025, down from $25.7 million at November 30, 2024. Inventory: $23.2 million as of February 28, 2025, compared to $20 million at November 30, 2024. Amazon Sales: Represented 26.9% of total US DTC sales in Q1 2025, up from 19.3% in Q1 2024. Store Expansion: 13 new store-within-a-store locations at Sportsman's Warehouse and 41 additional stores with Byrna point-of-sale displays. New Retail Stores: Opened in Scottsdale, Arizona; Franklin, Tennessee; and Salem, New Hampshire. Compact Launcher Production: Began serial production on March 19, 2025, with a production rate of 1,000 launchers per day. Warning! GuruFocus has detected 5 Warning Sign with RELL. Release Date: April 10, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Byrna Technologies Inc (NASDAQ:BYRN) reported a 57% year-over-year increase in net revenue for Q1 2025, reaching $26.2 million, driven by sales momentum, channel expansion, and broader brand adoption. Gross profit for Q1 2025 improved to 61% of net revenue, up from 58% in Q1 2024, due to efforts in designing for manufacturability and increased production volumes. The company achieved a significant increase in net income, reporting $1.7 million for Q1 2025 compared to $17,000 in Q1 2024, primarily due to increased product sales. Byrna Technologies Inc (NASDAQ:BYRN) successfully launched three new retail stores and expanded its partnership with Sportsman's Warehouse, enhancing its retail presence and customer engagement. The company has strategically positioned itself to mitigate the impact of tariffs by moving its supply chain to the US, achieving 87% to 92% US content in its products, which helps avoid significant cost increases. Operating expenses for Q1 2025 increased to $14.2 million from $9.8 million in Q1 2024, driven by higher variable selling expenses, discretionary marketing spend, and increased payroll costs. Cash, cash equivalents, and marketable securities decreased to $19.3 million at the end of Q1 2025 from $25.7 million at the end of November 2024, reflecting planned inventory increases and seasonal working capital movements. The company anticipates a 16% increase in the cost of launchers due to moving the supply chain to the US, which could impact gross profit margins. Byrna Technologies Inc (NASDAQ:BYRN) faces challenges in maintaining foot traffic in its own branded stores, which affects sales conversion rates compared to partner stores like Sportsman's Warehouse. The company is transitioning into full taxpayer status in 2025, with an expected effective tax rate of approximately 23%, which could impact net income. Q: Can you provide more details on the Q2 early sales trend data and how you plan to manage ad spend, especially with the new CL launcher? A: Bryan Ganz, CEO: Our Return on Advertising Spend (ROAS) is typically lower at the start of the year, with Q1 in the mid-3s. We don't anticipate needing much advertising for the CL launch, as we have over 700,000 opt-in email subscribers. We'll focus on selling the CL to our existing customer base initially, reducing ad spend until August. We'll ramp up advertising as we approach the profitable Q4 period. Q: Could you outline the rollout sequence for the new CL launcher? A: Bryan Ganz, CEO: We aim to have 25,000 to 30,000 units ready before release due to high demand. Dealer orders start today, with 10,000 units allocated to them. Shipments to dealers begin April 21, and preorders start April 17. We'll accept online orders from April 24, with the official release on May 1. Q: Do you think Q1 was the low point in revenues for the year? A: Bryan Ganz, CEO: Personally, I believe Q1 was the low point. We expect sequential growth each quarter, driven by the anticipated success of the CL launcher. Q: How many Sportsman's Warehouse shop-in-shops are operational, and what are the learnings compared to your branded stores? A: Lauri Kearnes, CFO: Currently, one store is operational, with 13 more by May 1. We need to see momentum and interest. Sportsman's has existing foot traffic, which helps drive sales. Having a Byrna expert in-store is crucial for engaging customers. Q: What is the MSRP for the new CL compared to current products? A: Lauri Kearnes, CFO: The CL's base price is $549.99, compared to $479.99 for the LE and $379 for the SD. Q: Will the new CL launcher have the same ammo margin, and what colors will it be available in? A: Bryan Ganz, CEO: The 61-caliber ammo is slightly smaller but priced the same as 68-caliber. Initially, the CL will be available in orange and black, with pink and other colors planned. The CL is customizable, allowing for various accessories and colors. Q: Is the CO2 cartridge for the new CL the same as previous models? A: Bryan Ganz, CEO: Yes, the CL uses the same 8-gram CO2 cartridge as the SD model. Q: How will the point-of-sale displays differ from the shop-in-shops? A: Bryan Ganz, CEO: The 13 shop-in-shops will have a dedicated Byrna shooting experience. The 41 point-of-sale displays will be kiosks with $8,000 of Byrna products, offering a shooting experience but without dedicated sales staff. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
