Ladenburg Thalmann slashes price target on NovaBay Pharmaceuticals Inc. [NBY] – find out why.

NovaBay Pharmaceuticals Inc. [AMEX: NBY] closed the trading session at $0.92 on 03/26/21. The day’s price range saw the stock hit a low of $0.89, while the highest price level was $0.97. The company report on March 26, 2021 that NovaBay Pharmaceuticals Reports 2020 Fourth Quarter and Full Year Financial Results.

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Avenova® unit sales set record for second consecutive quarter.

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Net product revenue increased 51% for 2020.

The stocks have a year to date performance of 31.62 percent and weekly performance of -18.81 percent. The stock has been moved at 25.91 percent over the last six months. The stock has performed -18.09 percent around the most recent 30 days and changed 36.21 percent over the most recent 3-months.

If compared to the average trading volume of 5.55M shares, NBY reached to a volume of 1266465 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about NovaBay Pharmaceuticals Inc. [NBY]:

Ladenburg Thalmann have made an estimate for NovaBay Pharmaceuticals Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 18, 2019. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price to Buy. The new note on the price target was released on July 06, 2018, representing the official price target for NovaBay Pharmaceuticals Inc. stock. Previously, the target price had yet another drop from $10 to $8, while Laidlaw kept a Buy rating on NBY stock.

The Average True Range (ATR) for NovaBay Pharmaceuticals Inc. is set at 0.14, with the Price to Sales ratio for NBY stock in the period of the last 12 months amounting to 4.19. The Price to Book ratio for the last quarter was 3.16, with the Price to Cash per share for the same quarter was set at 0.27.

NBY stock trade performance evaluation

NovaBay Pharmaceuticals Inc. [NBY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -18.81. With this latest performance, NBY shares dropped by -18.09% in over the last four-week period, additionally plugging by 25.91% over the last 6 months – not to mention a rise of 5.45% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NBY stock in for the last two-week period is set at 42.09, with the RSI for the last a single of trading hit 37.23, and the three-weeks RSI is set at 45.07 for NovaBay Pharmaceuticals Inc. [NBY]. The present Moving Average for the last 50 days of trading for this stock 1.0603, while it was recorded at 1.0055 for the last single week of trading, and 0.9089 for the last 200 days.

NovaBay Pharmaceuticals Inc. [NBY]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and NovaBay Pharmaceuticals Inc. [NBY] shares currently have an operating margin of -64.68 and a Gross Margin at +60.04. NovaBay Pharmaceuticals Inc.’s Net Margin is presently recorded at -111.12.

Return on Total Capital for NBY is now -72.03, given the latest momentum, and Return on Invested Capital for the company is -159.03. Return on Equity for this stock declined to -166.11, with Return on Assets sitting at -83.45. When it comes to the capital structure of this company, NovaBay Pharmaceuticals Inc. [NBY] has a Total Debt to Total Equity ratio set at 4.08. Additionally, NBY Total Debt to Total Capital is recorded at 3.92, with Total Debt to Total Assets ending up at 3.30. Long-Term Debt to Equity for the company is recorded at 0.71, with the Long-Term Debt to Total Capital now at 0.68.

Reflecting on the efficiency of the workforce at the company, NovaBay Pharmaceuticals Inc. [NBY] managed to generate an average of -$441,560 per employee. Receivables Turnover for the company is 9.15 with a Total Asset Turnover recorded at a value of 0.75.NovaBay Pharmaceuticals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.80 and a Current Ratio set at 5.00.

Earnings per share (EPS) analysis for NovaBay Pharmaceuticals Inc. [NBY] stock

With the latest financial reports released by the company, NovaBay Pharmaceuticals Inc. posted -0.06/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 14.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NBY.

NovaBay Pharmaceuticals Inc. [NBY]: Insider Ownership positions

There are presently around $1 million, or 6.00% of NBY stock, in the hands of institutional investors. The top three institutional holders of NBY stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 400,393, which is approximately -34.686% of the company’s market cap and around 25.21% of the total institutional ownership; VANGUARD GROUP INC, holding 160,224 shares of the stock with an approximate value of $0.15 million in NBY stocks shares; and CITADEL ADVISORS LLC, currently with $75000.0 in NBY stock with ownership of nearly 271.699% of the company’s market capitalization.

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Positions in NovaBay Pharmaceuticals Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 9 institutional holders increased their position in NovaBay Pharmaceuticals Inc. [AMEX:NBY] by around 185,513 shares. Additionally, 5 investors decreased positions by around 264,528 shares, while 11 investors held positions by with 593,592 shares. The mentioned changes placed institutional holdings at 1,043,633 shares, according to the latest SEC report filing. NBY stock had 4 new institutional investments in for a total of 98,421 shares, while 2 institutional investors sold positions of 42,551 shares during the same period.

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