Novabay Pharmaceuticals Inc [AMEX: NBY] stock went on an upward path that rose over 17.54% on Wednesday, amounting to a one-week price increase of more than 198.13%.
Over the last 12 months, NBY stock rose by 345.92%. The one-year Novabay Pharmaceuticals Inc stock forecast points to a potential downside of -215.29. The average equity rating for NBY stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $15.61 million, with 5.82 million shares outstanding and 4.39 million shares in the current float. Compared to the average trading volume of 6.16M shares, NBY stock reached a trading volume of 5598500 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Novabay Pharmaceuticals Inc [NBY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NBY shares is $0.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NBY stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
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 Price to Book ratio for the last quarter was 3.68, with the Price to Cash per share for the same quarter was set at 0.94.
NBY Stock Performance Analysis:
Novabay Pharmaceuticals Inc [NBY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 198.13. With this latest performance, NBY shares gained by 339.34% in over the last four-week period, additionally plugging by 327.16% over the last 6 months – not to mention a rise of 345.92% 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 92.31, with the RSI for the last a single of trading hit 0.32, and the three-weeks RSI is set at 0.19 for Novabay Pharmaceuticals Inc [NBY]. The present Moving Average for the last 50 days of trading for this stock 0.79, while it was recorded at 1.99 for the last single week of trading, and 0.66 for the last 200 days.
Insight into Novabay Pharmaceuticals Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Novabay Pharmaceuticals Inc [NBY] shares currently have an operating margin of -146.15% and a Gross Margin at 63.20%. Novabay Pharmaceuticals Inc’s Net Margin is presently recorded at -189.31%.
Novabay Pharmaceuticals Inc (NBY) Capital Structure & Debt Analysis
According to recent financial data for Novabay Pharmaceuticals Inc. ( NBY), the Return on Equity (ROE) stands at -431.59%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -144.50%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Novabay Pharmaceuticals Inc’s Return on Invested Capital (ROIC) is -188.63%, showcasing its effectiveness in deploying capital for earnings.
Novabay Pharmaceuticals Inc (NBY) Efficiency & Liquidity Metrics
Based on Novabay Pharmaceuticals Inc’s (NBY) latest financial statements, the Debt-to-Equity Ratio is 0.24%, indicating its reliance on debt financing relative to shareholder equity.
Novabay Pharmaceuticals Inc (NBY) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Novabay Pharmaceuticals Inc. (NBY) effectively leverages its workforce, generating an average of -$642142.86 per employee. The company’s liquidity position is robust, with a Current Ratio of 2.85% and a Quick Ratio of 2.63%, indicating strong ability to cover short-term liabilities.
NBY Stock EPS
With the latest financial reports released by the company, Novabay Pharmaceuticals Inc posted -5.34/share EPS, while the average EPS was predicted by analysts to be reported at -5.25/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.09. 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] Institutonal Ownership Details
There are presently around $21.27%, or 21.28%% of NBY stock, in the hands of institutional investors.
