Byrna Technologies Inc.
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Wall Street Analysts See a 77.04% Upside in Byrna Technologies (BYRN): Can the Stock Really Move This High?
ZACKS· 2025-04-15 14:55
Core Viewpoint - Byrna Technologies Inc. (BYRN) has seen a 5.7% increase in stock price over the past four weeks, closing at $20.43, with a mean price target of $36.17 indicating a potential upside of 77% [1] Price Targets and Analyst Estimates - The mean estimate consists of three short-term price targets with a standard deviation of $2.75, where the lowest estimate of $33 suggests a 61.5% increase, and the highest estimate of $38 indicates an 86% surge [2] - A low standard deviation signifies strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [8] Earnings Estimates and Analyst Optimism - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price increases [10] - Over the last 30 days, two earnings estimates for BYRN have increased, leading to a Zacks Consensus Estimate rise of 11.3% [11] Zacks Rank and Investment Potential - BYRN holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [12]
Byrna Begins U.S. Ammo Production, Establishing Domestic Capacity of 8 Million Rounds Per Year
Globenewswire· 2025-03-13 20:05
Core Insights - Byrna Technologies Inc. has launched its first U.S.-based ammunition production facility in Fort Wayne, Indiana, enhancing domestic manufacturing capabilities and supply chain reliability [1][3] - The new facility is expected to produce 8 million rounds of proprietary less-lethal ammunition annually, with initial production powered by three SAM machines and one Amtek machine [2] - The operational schedule includes 116 hours per week, with plans to potentially add two more SAM machines to increase monthly output by approximately 150,000 rounds [2][3] Company Overview - Byrna specializes in developing, manufacturing, and selling innovative less-lethal personal security solutions, including the Byrna® SD personal security device [4] - The company aims to consolidate all production in the United States, aligning with its long-term strategic goals [3]