This comes from our MicroMarvel series of articles highlighting undercovered stocks with less than a billion dollars in Market Capitalization. These articles are not intended to be buy recommendations. They highlight stocks that may have limited trading volume and may be highly volatile, so if you do decide to add them to your portfolio I highly recommend you use stop losses and limit orders.

Today's MicroMarvel is the self defense products company Byrna Technologies (BYRN). I found the stock by using Barchart's screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 12/18 the stock gained 95.35%.

BYRN Price vs Daily Moving Averages (Barchart)

Byrna Technologies Inc., a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. The company offers handheld personal security devices and shoulder-fired launchers without the need for background check or firearm license; and projectiles including chemical irritant, kinetic, and inert rounds. It offers self-defense aerosol products under the Byran Bad Guy Repellent brand; and accessories and related safety products, which includes carbon dioxide canisters, sighting systems, and holster under the Byran Banshee and Byran Shield brand, as well as Byrna-branded apparel. In addition, the company provides the products to the consumer market through Byrna e-commerce store and Amazon storefront, and network of local, regional and national outdoor and sporting goods stores, either directly or through distributors; and professional security market through Train the Trainer program and de-escalation methods. It operates in the United States, South Africa, Europe, South America, Asia, and Canada. The company was formerly known as Security Devices International, Inc. and changed its name to Byrna Technologies Inc. in March 2020. Byrna Technologies Inc. was incorporated in 2005 and is headquartered in Andover, Massachusetts. 

Barchart Technical Indicators:

• 100% technical buy signals
• 114.60+ Weighted Alpha
• 28.54% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50, and 100-day moving averages
• 16 new highs and up 88.23% in the last month
• Relative Strength Index 83.06%
• Technical support level at $10.57
• Recently traded at $11.35 with a 50-day moving average of $6.91

Fundamental Factors:

• Market Cap $250 million
• Wall Street projected Revenue will decrease 11.20% this year and grow again 31.20% next year
• Earnings are estimated to decrease 77.80% this year but increase 50.00% next year 

Analysts and Investor Sentiment -- I don't buy stocks just because everyone else is buying, but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street issued 2 strong buy, and 2 hold recommendations on the stock
• Their price targets are between $12.75 and $14.00 with a consensus of $13.38 for a gain of 18%
• CFRAs Market Scope rates the stock a sell
• 1,750 investors monitor the stock on Seeking Alpha

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