Shares of Byrna (BYRN, Financial) surged by 9.05% following the company's announcement of its fourth quarter 2024 results. The company reported better-than-expected performance with a significant 57% rise in sales, largely driven by new store openings and a major retail deal with Sportsman's, alongside increased production efficiency that contributed to a higher profit margin. This led to a more than doubling of EBITDA, exceeding analysts' expectations.
In terms of stock analysis, Byrna (BYRN, Financial) currently holds a stock price of $18.08. The company's market capitalization stands at $409.82 million with a price-to-earnings ratio (PE) of 33.42. Notably, Byrna's forward PE ratio indicates a valuation that is higher than the trailing one, suggesting potential earnings decline. Despite this, Byrna is considered "Fairly Valued" according to its GF Value of $17.03.
The company's financial strength is highlighted by its Altman Z-Score of 13.85, indicating strong financial health. Byrna maintains a comfortable interest coverage ratio, suggesting it has sufficient cash flow to cover its debt obligations. Furthermore, the company's stock is close to a 1-year low based on its PE ratio, presenting an opportunity for value investors.
Byrna's growth strategy includes new product launches such as the Compact Launcher and plans to expand U.S. production capacity and further retail expansion. These initiatives position the company well for sustained growth in the coming quarters.
