Byrna Technologies Stock Probability of Future Stock Price Finishing Under 0.20
| BYRN Stock | USD 19.33 0.28 1.47% |
Byrna |
Byrna Technologies Target Price Odds to finish below 0.20
The tendency of Byrna Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 0.20 or more in 90 days |
| 19.33 | 90 days | 0.20 | near 1 |
Based on a normal probability distribution, the odds of Byrna Technologies to drop to $ 0.20 or more in 90 days from now is near 1 (This Byrna Technologies probability density function shows the probability of Byrna Stock to fall within a particular range of prices over 90 days) . Probability of Byrna Technologies price to stay between $ 0.20 and its current price of $19.33 at the end of the 90-day period is about 90.84 .
Given the investment horizon of 90 days Byrna Technologies has a beta of 0.62 suggesting as returns on the market go up, Byrna Technologies average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Byrna Technologies will be expected to be much smaller as well. Additionally Byrna Technologies has an alpha of 0.9989, implying that it can generate a 1.0 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Byrna Technologies Price Density |
| Price |
Predictive Modules for Byrna Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Byrna Technologies. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Byrna Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Byrna Technologies is not an exception. The market had few large corrections towards the Byrna Technologies' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Byrna Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Byrna Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.00 | |
β | Beta against Dow Jones | 0.62 | |
σ | Overall volatility | 2.32 | |
Ir | Information ratio | 0.13 |
Byrna Technologies Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Byrna Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Byrna Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Byrna Technologies is way too risky over 90 days horizon | |
| Byrna Technologies appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 42.64 M. Net Loss for the year was (8.19 M) with profit before overhead, payroll, taxes, and interest of 26.28 M. | |
| About 21.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: Byrna Technologies Inc Stock Price Down 4.97 percent on Nov 27 |
Byrna Technologies Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Byrna Stock often depends not only on the future outlook of the current and potential Byrna Technologies' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Byrna Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 21.9 M | |
| Cash And Short Term Investments | 20.5 M |
Byrna Technologies Technical Analysis
Byrna Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Byrna Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Byrna Technologies. In general, you should focus on analyzing Byrna Stock price patterns and their correlations with different microeconomic environments and drivers.
Byrna Technologies Predictive Forecast Models
Byrna Technologies' time-series forecasting models is one of many Byrna Technologies' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Byrna Technologies' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Byrna Technologies
Checking the ongoing alerts about Byrna Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Byrna Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Byrna Technologies is way too risky over 90 days horizon | |
| Byrna Technologies appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 42.64 M. Net Loss for the year was (8.19 M) with profit before overhead, payroll, taxes, and interest of 26.28 M. | |
| About 21.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: Byrna Technologies Inc Stock Price Down 4.97 percent on Nov 27 |
Check out Byrna Technologies Backtesting, Byrna Technologies Valuation, Byrna Technologies Correlation, Byrna Technologies Hype Analysis, Byrna Technologies Volatility, Byrna Technologies History as well as Byrna Technologies Performance. To learn how to invest in Byrna Stock, please use our How to Invest in Byrna Technologies guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Byrna Technologies. If investors know Byrna will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Byrna Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.11 | Revenue Per Share 3.281 | Quarterly Revenue Growth 1.943 | Return On Assets 0.0197 | Return On Equity 0.0528 |
The market value of Byrna Technologies is measured differently than its book value, which is the value of Byrna that is recorded on the company's balance sheet. Investors also form their own opinion of Byrna Technologies' value that differs from its market value or its book value, called intrinsic value, which is Byrna Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Byrna Technologies' market value can be influenced by many factors that don't directly affect Byrna Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Byrna Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Byrna Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Byrna Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.