- Byrna Technologies achieved a remarkable 56.9% revenue increase year-over-year, highlighting strong growth potential.
- Analysts forecast a significant upside of over 114% in the stock's price from its current level.
- The company's expansion of its U.S. ammunition facility is set to boost production to 8 million rounds annually.
Impressive Q1 Performance by Byrna Technologies
Byrna Technologies (BYRN, Financial) has reported a stellar performance in the first quarter, demonstrating its growing foothold in the industry. The company achieved a GAAP EPS of $0.07, and revenues soared to $26.2 million, which marks an impressive 56.9% increase compared to the previous year. This robust growth trajectory has been further strengthened by the commencement of operations at its newly enhanced U.S. ammunition facility. The facility's advanced capabilities now enable Byrna to scale up its production capacity to 8 million rounds annually, paving the way for future growth.
Wall Street Analysts' Positive Forecasts
Wall Street analysts have set favorable predictions for Byrna Technologies Inc (BYRN, Financial), projecting an average target price of $35.63. Within this estimate range, the high target is $38.00, and the low target is $33.00. This estimation suggests a promising upside potential of 114.87% from the stock's current price of $16.58. Investors seeking further insights can access additional details on the Byrna Technologies Inc (BYRN) Forecast page.
Analyst Recommendations
According to the consensus from four brokerage firms, Byrna Technologies Inc (BYRN, Financial) holds an average brokerage recommendation of 1.8, positioning it in the "Outperform" category. The rating system considers 1 as a Strong Buy and 5 as a Sell, indicating a strong confidence level among analysts regarding BYRN's market performance.
GF Value Estimates
GuruFocus estimates suggest that the GF Value of Byrna Technologies Inc (BYRN, Financial) in a year's time is expected to be $21.80. This projection implies a potential upside of 31.48% from the current trading price of $16.58. The GF Value is a proprietary metric by GuruFocus, calculated based on historical trading multiples, past company growth, and future performance estimates. For more comprehensive data, investors can refer to the Byrna Technologies Inc (BYRN) Summary page.
