Byrna Technologies Inc. (BYRN) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate ...

Group 1 - Byrna (NASDAQ: BYRN) produces non-lethal weapons and gained attention due to a promotion by Sean Hannity, but faced challenges before management improved the situation [2] - The company is part of a portfolio managed by Shareholders Unite, who focuses on small companies with high growth potential and employs a buy and hold strategy with tranche purchases [2] - The service associated with the portfolio includes buy alerts, market updates, and a chat room for community engagement [2] Group 2 - Shareholders Unite has over 30 years of experience in financial markets and aims to identify small companies with multi-bagger potential while managing risks through a diversified portfolio approach [2]

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 ...

Company Performance - Byrna Technologies Inc. has seen a stock increase of 26.9% over the past month, reaching a new 52-week high of $25.49, and has gained 278.3% since the start of the year [1] - The company has consistently outperformed earnings expectations, reporting an EPS of $0.04 against a consensus estimate of $-0.01 in its last earnings report on October 9, 2024, and beating revenue estimates by 0.15% [2] Valuation Metrics - Byrna Technologies currently trades at a valuation of 112.4X current fiscal year EPS estimates, significantly higher than the peer industry average of 28X, while on a trailing cash flow basis, it trades at 5X compared to the peer group's average of 13.4X [6] - The stock has a Value Score of D, while its Growth and Momentum Scores are A and B respectively, resulting in a combined VGM Score of B [5] Zacks Rank - Byrna Technologies holds a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts [7] - The recommendation for investors is to select stocks with Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, indicating that Byrna Technologies may have further upside potential in the near term [8] Industry Comparison - The Technology Services industry is performing well, ranking in the top 24% of all industries, suggesting positive market conditions for Byrna Technologies and its peers [11] - Outbrain Inc., a competitor, has a Zacks Rank of 1 (Strong Buy) and has shown strong earnings performance, beating consensus estimates by 450% [9][10]

Core Insights - Byrna Technologies Inc. has achieved a significant milestone by surpassing 500,000 launchers sold as of November 2024, just over five years after the launch of its first product in 2019, indicating strong market adoption [1][2][3] Sales Milestones - The first launcher, Byrna HD, was sold on June 1, 2019, and within 2.5 years, the company reached 100,000 units sold by Q4 2021. By Q1 2023, this figure increased to 250,000, showcasing rapid growth in sales [2] - The introduction of the Byrna LE launcher in early 2023 contributed to the doubling of units sold over the past two years, reflecting increasing demand for less-lethal launchers [2] Revenue Growth - Byrna's annual revenue doubled from fiscal year 2023 to fiscal year 2024, supported by a strategic focus on leveraging celebrity influencers to enhance brand awareness and drive revenue growth [3]

Company Performance - Byrna Technologies Inc. shares have increased by 33.9% over the past month and have gained 212.8% since the beginning of the year, outperforming the Zacks Business Services sector (26.1%) and the Zacks Technology Services industry (55.3%) [1] - The stock reached a new 52-week high of $22.12 in the previous session [1] Earnings and Revenue - Byrna Technologies reported EPS of $0.04 in its last earnings report on October 9, 2024, beating the consensus estimate of $-0.01 and exceeding the revenue estimate by 0.15% [2] - For the current fiscal year, the company is expected to post earnings of $0.17 per share on revenues of $81.91 million, reflecting a 194.44% change in EPS and a 92.08% change in revenues [3] - For the next fiscal year, earnings are projected to be $0.20 per share on revenues of $97.3 million, indicating year-over-year changes of 17.65% and 18.79%, respectively [3] Valuation Metrics - Byrna Technologies has a Value Score of D, a Growth Score of A, and a Momentum Score of B, resulting in a VGM Score of B [6] - The stock trades at 117.6X current fiscal year EPS estimates, which is a premium compared to the peer industry average of 27.1X [7] - On a trailing cash flow basis, the stock trades at 5X versus the peer group's average of 12.4X [7] Zacks Rank - Byrna Technologies holds a Zacks Rank of 2 (Buy) due to favorable earnings estimate revisions from analysts [8] - The company meets the criteria for investors looking for stocks with Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, indicating potential for future growth [9] Industry Comparison - The Technology Services industry is in the top 26% of all industries, suggesting favorable conditions for Byrna Technologies and its peers [12] - CoreCard Corporation, a peer in the industry, has also shown strong performance with a Zacks Rank of 2 (Buy) and a significant earnings beat of 76.47% in the last quarter [10][11]

Core Viewpoint - The article emphasizes the importance of identifying and sustaining stock price trends for successful short-term investing, highlighting the need for strong fundamentals and positive earnings revisions to maintain momentum [1][2]. Group 1: Stock Performance - Byrna Technologies Inc. (BYRN) has shown a solid price increase of 59.4% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 20.7% in the last four weeks, suggesting that the upward trend is still intact [5]. - Currently, BYRN is trading at 82.8% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - BYRN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The article suggests using the "Recent Price Strength" screen to identify stocks like BYRN that are on an uptrend supported by strong fundamentals [3][8]. - It also mentions the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can help investors find winning stock picks [8].

Core Insights - Byrna Technologies Inc. (BYRN) is experiencing solid improvement in earnings estimates, which may lead to continued short-term price momentum [1][7] - The rising trend in estimate revisions reflects growing analyst optimism regarding the company's earnings prospects, which is expected to positively impact its stock price [2][3] Current-Quarter Estimate Revisions - For the current quarter, Byrna Technologies is expected to earn $0.04 per share, representing a 300% increase from the same period last year [4] - Over the last 30 days, the Zacks Consensus Estimate for the company has increased by 75%, with two estimates moving higher and no negative revisions [4] Current-Year Estimate Revisions - For the full year, the expected earnings per share is $0.17, indicating a year-over-year change of 194.44% [5] - The consensus estimate has risen by 61.9% over the past month, with one estimate moving up and no negative revisions [5] Zacks Rank - Byrna Technologies has achieved a Zacks Rank of 2 (Buy), indicating favorable estimate revisions that may help investors make informed decisions [6] - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [6] Bottom Line - The stock has gained 10.6% over the past four weeks, driven by solid estimate revisions, suggesting potential for further earnings growth [7]

Byrna Technologies Inc. (BYRN) closed the last trading session at $15.94, gaining 10.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $22.25 indicates a 39.6% upside potential.The average comprises three short-term price targets ranging from a low of $20 to a high of $25, with a standard deviation of $2.54. While the lowest estimate indicates an increase of 25.5% from the current ...

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Byrna Technologies Inc. (BYRN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Byrna Technologies Inc. is a member of the Business Services sector. This group includes 309 individual stocks and curre ...