Big Money Showing Interest in Byrna

BYRN is a self-defense technology company focused on non-lethal self-defense solutions. The Byrna SD is one of the company’s primary products. It’s a CO2-powered handheld launcher that provides a safer alternative to firearms. The company has aggressively advertised to consumers, security companies, and law enforcement agencies to grow its business.

Financially, BYRN’s fourth-quarter fiscal 2024 results revealed record revenue growth and further expansion. The company saw a 79% jump in revenue, to $28 million, and increased its profit margin to nearly 63% for the quarter, which is up from about 58% a year prior. BYRN’s direct-to-consumer sales grew swiftly, and coupled with the company’s lack of long-term debt, could mean more growth ahead.

It’s no wonder BYRN shares are up over 142% in a year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

Big Money Buying Byrna

Institutional volumes reveal plenty. In the last year, BYRN has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in BYRN shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of industrials names are under accumulation right now. But there’s a powerful fundamental story happening with Byrna.

Byrna Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, BYRN has had strong sales growth:

• 3-year sales growth rate (+34.6%)
• 1-year sales growth rate (+101.1%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +82.1%.

Now it makes sense why the stock has been powering to new heights. BYRN is again delivering strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Byrna has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times recently. The blue bars below show when BYRN was a top pick…boosted by Big Money:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Byrna Price Prediction

The BYRN rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in BYRN at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.