Moreover, the 36-month beta value for NBY is 0.72. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NBY is 4.89M and currently, short sellers hold a 2.78% of that float. On September 18, 2024, NBY’s average trading volume was 288.16K shares.
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NBY) stock’s latest price update
The stock of Novabay Pharmaceuticals Inc (AMEX: NBY) has increased by 8.45 when compared to last closing price of 0.49.Despite this, the company has seen a gain of 16.21% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-13 that NovaBay Pharmaceuticals, Inc. (NYSE:NBY ) Q2 2024 Earnings Conference Call August 13, 2024 4:30 PM ET Company Participants Jody Cain – LHA, Investor Relations Justin Hall – Chief Executive Officer and General Counsel Tommy Law – Interim Chief Financial Officer Conference Call Participants Destiny Buch – Ladenburg Thalman Edward Woo – Ascendiant Capital Operator Good day, and welcome to the NovaBay Pharmaceuticals Second Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode.
NBY’s Market Performance
NBY’s stock has risen by 16.21% in the past week, with a monthly drop of -1.51% and a quarterly drop of -79.38%. The volatility ratio for the week is 7.79% while the volatility levels for the last 30 days are 7.94% for Novabay Pharmaceuticals Inc The simple moving average for the past 20 days is 6.68% for NBY’s stock, with a -86.55% simple moving average for the past 200 days.
Analysts’ Opinion of NBY
Many brokerage firms have already submitted their reports for NBY stocks, with Ladenburg Thalmann repeating the rating for NBY by listing it as a “Buy.” The predicted price for NBY in the upcoming period, according to Ladenburg Thalmann is $1.10 based on the research report published on September 18, 2019 of the previous year 2019.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see NBY reach a price target of $4. The rating they have provided for NBY stocks is “Buy” according to the report published on July 06th, 2018.
Laidlaw gave a rating of “Buy” to NBY, setting the target price at $8 in the report published on November 15th of the previous year.
NBY Trading at -44.86% from the 50-Day Moving Average
After a stumble in the market that brought NBY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -97.01% of loss for the given period.
Volatility was left at 7.94%, however, over the last 30 days, the volatility rate increased by 7.79%, as shares sank -10.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -75.12% lower at present.
During the last 5 trading sessions, NBY rose by +16.21%, which changed the moving average for the period of 200-days by -94.80% in comparison to the 20-day moving average, which settled at $0.4937. In addition, Novabay Pharmaceuticals Inc saw -92.58% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NBY
Current profitability levels for the company are sitting at:
- -0.38 for the present operating margin
- 0.59 for the gross margin
The net margin for Novabay Pharmaceuticals Inc stands at -0.89. The total capital return value is set at -14.41. Equity return is now at value -265.29, with -105.75 for asset returns.
Based on Novabay Pharmaceuticals Inc (NBY), the company’s capital structure generated 1.44 points at debt to capital in total, while cash flow to debt ratio is standing at -1.41. The debt to equity ratio resting at -3.26. The interest coverage ratio of the stock is -6.23.
Currently, EBITDA for the company is -4.8 million with net debt to EBITDA at -0.28. When we switch over and look at the enterprise to sales, we see a ratio of 0.32. The receivables turnover for the company is 21.96for trailing twelve months and the total asset turnover is 3.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.62.
Conclusion
To wrap up, the performance of Novabay Pharmaceuticals Inc (NBY) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
