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Byrna Technologies Inc [BYRN] Investment Appeal on the Rise

Byrna Technologies Inc’s recent filing unveils that its Corporate Secretary, CGO Wager Lisa unloaded Company’s shares for reported $81211.0 on Feb 21 ’24. In the deal valued at $11.48 per share,7,072 shares were sold. As a result of this transaction, Wager Lisa now holds 190,686 shares worth roughly $2.52 million.

Then, Hughes Herbert sold 5,229 shares, generating $62,914 in total proceeds. Upon selling the shares at $12.03, the Board Chair now owns 137,416 shares.

Before that, North David bought 1,200 shares. Byrna Technologies Inc shares valued at $4,800 were divested by the Chief Financial Officer at a price of $4.00 per share. As a result of the transaction, North David now holds 22,989 shares, worth roughly $0.3 million.

Dawson James initiated its Byrna Technologies Inc [BYRN] rating to a Buy in a research note published on April 26, 2022; the price target was $12. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in mid August with a ‘”a Strong buy”‘ rating. B. Riley Securities began covering BYRN with “Buy” recommendation on August 02, 2021.

Price Performance Review of BYRN

On Friday, Byrna Technologies Inc [NASDAQ:BYRN] saw its stock fall -4.00% to $13.21. Over the last five days, the stock has lost -5.17%. Byrna Technologies Inc shares have risen nearly 106.73% since the year began. Nevertheless, the stocks have risen 76.84% over the past one year. While a 52-week high of $14.64 was reached on 04/05/24, a 52-week low of $2.19 was recorded on 01/11/24. SMA at 50 days reached $11.25, while 200 days put it at $6.14. A total of 1.15 million shares were traded, compared to the trading of 0.21 million shares in the previous session.

Levels Of Support And Resistance For BYRN Stock

The 24-hour chart illustrates a support level at 12.06, which if violated will result in even more drops to 10.91. On the upside, there is a resistance level at 14.80. A further resistance level may holdings at 16.39. The Relative Strength Index (RSI) on the 14-day chart is 53.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.17%. Stochastics %K at 54.23% indicates the stock is a holding.

How much short interest is there in Byrna Technologies Inc?

A steep rise in short interest was recorded in Byrna Technologies Inc stocks on Mar 15, 2024, growing by 13440.0 shares to a total of 0.8 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.78 million shares. There was a rise of 1.69%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.56% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.47.

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