A Look at Byrna Technologies’s Valuation Following Its Recognition on Forbes’ Top Small-Cap Companies List

Byrna Technologies (BYRN) recently landed the #10 spot on Forbes’ America’s Most Successful Small-Cap Companies list, highlighting its financial momentum and ongoing expansion. This recognition comes as the company continues to build a strong presence in the non-lethal personal safety market.

See our latest analysis for Byrna Technologies.

Momentum has been a bit of a mixed bag for Byrna lately. While its recent inclusion in Forbes’ top small-cap list and steady revenue gains reflect growing interest, the share price has struggled and declined 26% over the last month. Still, long-term shareholders may find reassurance in the three-year total shareholder return of 109.2%, which suggests that the bigger story for Byrna remains its robust underlying growth and not just the short-term price swings.

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With such strong underlying growth and analyst targets suggesting upside, the question remains: Is Byrna stock trading at a bargain for future gains, or has the market already factored in its impressive expansion?

Most Popular Narrative: 55% Undervalued

Byrna Technologies is trading well below the fair value highlighted in the most widely tracked narrative, with the last close at $17.28 compared to a calculated fair value of $38.50. There is a clear disconnect between the company’s robust financial drivers and current market skepticism, setting up a tension that could fuel future upside.

The partnership with Sportsman's Warehouse, involving 54 locations with point-of-sale displays and experiential shooting lanes, aims to enhance customer engagement and increase conversion rates, thereby boosting revenue and potentially bettering net margins.

Read the complete narrative.

Eyeing Byrna's lofty price target? The real story is buried in optimistic projections: explosive revenue growth, evolving margins, and a bullish profit target. What bold bets are analysts making on future results? The specifics behind these numbers hold the answer. Find out what’s driving this narrative’s sky-high valuation and whether it could be sustainable or not.

Result: Fair Value of $38.50 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, shifting supply chains to the U.S. and rising costs could put pressure on Byrna’s margins, which may challenge the optimistic forecasts for future growth.

Find out about the key risks to this Byrna Technologies narrative.

Build Your Own Byrna Technologies Narrative

Prefer to dig into the numbers and build your own outlook? You can shape your perspective, uncover new insights, and craft your narrative in just a few minutes: Do it your way

A great starting point for your Byrna Technologies research is our analysis highlighting 5 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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