Byrna Technologies(BYRN) shares plunge 5.02% in two days, hitting 2025 low despite Craig Hallum's Buy rating.

Byrna Technologies(BYRN) shares fell 1.09% today, marking the second consecutive day of decline, with a total drop of 5.02% over the past two days. The share price hit its lowest level since May 2025, experiencing an intraday decline of 2.14%.

The strategy of buying BYRN shares after they reached a recent low and holding for one week resulted in a 177.81% return, significantly outperforming the benchmark return of 58.03% over the past five years. The strategy achieved an excess return of 119.78% and a CAGR of 50.10%. While the strategy had a high volatility of 81.61%, it minimized risk with a maximum drawdown of 0.00% and a Sharpe ratio of 0.61.

Craig Hallum recently initiated coverage on Byrna Technologies (BYRN) with a "Buy" rating and set a price target of $39.00. This analyst recommendation is likely a significant factor influencing Byrna Technologies' stock price. The positive outlook from Craig Hallum could potentially boost investor confidence in the company's future prospects, despite the recent decline in share price. The recommendation highlights the potential for growth and value in Byrna Technologies, which may attract more investors and stabilize the stock price in the coming days.