Byrna Technologies (NASDAQ:BYRN – Get Rating) and Novonix (OTCMKTS:NVNXF – Get Rating) are both business services companies, but which is the superior stock? We will compare the two companies based on the strength of their profitability, risk, analyst recommendations, dividends, earnings, institutional ownership and valuation.
Profitability
This table compares Byrna Technologies and Novonix’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Byrna Technologies | -14.06% | -14.61% | -11.88% |
| Novonix | N/A | N/A | N/A |
Insider & Institutional Ownership
24.5% of Byrna Technologies shares are owned by institutional investors. Comparatively, 0.0% of Novonix shares are owned by institutional investors. 8.4% of Byrna Technologies shares are owned by company insiders. Comparatively, 6.6% of Novonix shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Risk and Volatility
Valuation & Earnings
This table compares Byrna Technologies and Novonix’s revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Byrna Technologies | $48.04 million | 2.30 | -$7.89 million | ($0.31) | -16.32 |
| Novonix | $6.11 million | N/A | -$51.83 million | N/A | N/A |
Byrna Technologies has higher revenue and earnings than Novonix.
Analyst Ratings
This is a breakdown of recent ratings for Byrna Technologies and Novonix, as provided by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Byrna Technologies | 0 | 0 | 1 | 1 | 3.50 |
| Novonix | 0 | 0 | 0 | 0 | N/A |
Byrna Technologies currently has a consensus target price of $13.50, indicating a potential upside of 166.80%. Given Byrna Technologies’ higher possible upside, research analysts clearly believe Byrna Technologies is more favorable than Novonix.
Summary
Byrna Technologies beats Novonix on 7 of the 11 factors compared between the two stocks.
About Byrna Technologies
Byrna Technologies, Inc. engages in the development and manufacture of less lethal equipment and munitions. The firm’s products include Byrna and SDI. It offers non-lethal weapons for military and law enforcement personnel. The company was founded on March 1, 2005 and is headquartered in Andover, MA.
About Novonix
Novonix Limited develops and supplies battery materials, equipment, and services to the lithium-ion battery market in North America. It operates through three segments: Graphite Exploration and Mining, Battery Technology, and Battery Materials. The Graphite Exploration and Mining segment explores for graphite in Australia. The Battery Technology segment develops battery cell testing equipment and batteries, and consulting services. The Battery Materials segment develops and manufactures battery anode materials. The company is also involved in the investment and battery testing activities. The company was formerly known as Graphitecorp Limited and changed its name to Novonix Limited in July 2017. Novonix Limited was incorporated in 2012 and is based in Brisbane, Australia.
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