NovaBay Pharmaceuticals Inc. (AMEX:NBY) finished Thursday with an addition of $0.01 to close at $0.57, an upside of 2.32 percent. An average of 1,146,280 shares of common stock have been traded in the last five days. There was a fall of -$0.0695 in the past week. The last 20 days have seen an average of 1,203,410 shares traded, while the 50-day average volume stands at 1,462,388.
NBY stock has decreased by -7.67% in the last month. The company shares reached their 1-month lowest point of $0.5498 on 10/06/21. With the stock rallying to its 52-week high on 02/18/21, shares of the company touched a low of $0.51 and a high of $1.79 in 52 weeks. In spite of this, the price is down -67.99% from the 52-week high.
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NovaBay Pharmaceuticals Inc. (NBY) has a trailing price-to-earnings (P/E) ratio of 34.65 for the broader industry and 32.11 for the sector. This means investors are optimistic about the stock’s future prospects. The stock’s beta is 3.73. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.41, the price-to-book (PB) ratio at 2.20.
The quick ratio of NovaBay Pharmaceuticals Inc. for the three months ended June 29 was 5.10, and the current ratio was 5.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 For the recent quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 69.80% against a 5-year average of 79.4%. NovaBay Pharmaceuticals Inc.’s EBITDA margin for the year ending June 29 is -64.16%, while its operating margin for the same period stands at -90.00%. Its gross profit as reported stood at $5.96 million compared to revenue of $9.93 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, NovaBay Pharmaceuticals Inc.’s return on assets was -55.70%, compared to -131.4% over the last five years. For the broader industry, ROE averaged -68.79 over the past year.
The analyst consensus anticipated NovaBay Pharmaceuticals Inc.’s latest quarter earnings to come in at -$0.04 per share, but it turned out to be -$0.04, a 0.00% surprise. For the recent quarter, EBITDA amounted to -$1.85 million. Shareholders own equity worth $44.94 million.
From a technical analysis perspective, let’s take a brief look at NovaBay Pharmaceuticals Inc. (NBY) price momentum. RSI 9-day as of the close on 07 October was 36.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 59.17%.
As of today, NBY’s price is $0.5787 -10.82% or -$0.0695 from its 5-day moving average. NBY is currently trading -8.32% lower than its 20-day SMA and -12.81% lower than its 100-day SMA. However, the stock’s current price level is -10.52% below the SMA50 and -9.66% below the SMA200.
The stochastic %K and %D were 7.38% and 5.22%, respectively, and the average true range (ATR) was 0.0433. With the 14-day stochastic at 10.54% and the average true range at 0.0418, the RSI (14) stands at 39.76%. The stock has reached -0.0408 on the 9-day MACD Oscillator while the 14-day reading was at -0.0487.
Ladenburg Thalmann launched coverage on NovaBay Pharmaceuticals Inc. (AMEX: NBY) in its analyst report released on September 18, 2019. The firm assigned the stock a a Buy rating.The consensus rating for NovaBay Pharmaceuticals Inc. (NBY) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NBY, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is NBY’s price target for the next 12 months?
Analysts predict a range of price targets between $2.20 and $3.50, with a median target of $2.85. Taking a look at these predictions, the average price target given by analysts for NovaBay Pharmaceuticals Inc. (NBY) stock is $2.85.