NovaBay Pharmaceuticals, Inc. (NBY) Stock: Is This Biotech Stock Worth Your Consideration?

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NovaBay Pharmaceuticals, Inc. (NBY) is headed up in the market in today’s trading session. The company, focused in the biotechnology industry, is currently priced at $1.40 after climbing 5.26% so far today. When it comes to biotechnology companies, there are quite a few aspects that have the ability to lead to gains in the market. News is one of the most common reasons for movement. Here are the most recent trending headlines surrounding NBY:

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Mar-12-19 04:05PM NovaBay Pharmaceuticals Announces Strategic Shift in U.S. Avenova Commercialization Strategy
10:30AM Analysts Estimate NovaBay Pharmaceuticals (NBY) to Report a Decline in Earnings: What to Look Out for
Jan-07-19 06:50AM NovaBay Pharmaceuticals Announces Preliminary 2018 Net Sales and Introduces 2019 Net Sales Guidance
Nov-14-18 04:05PM NovaBay Pharmaceuticals Reports Third Quarter 2018 Financial Results
Nov-07-18 06:50AM NovaBay Pharmaceuticals to Hold Third Quarter 2018 Conference Call on November 14, 2018

However, any time investors are making a decision with regard to investing, investors should focus on much more than news, especially in the generally speculative biotechnology sector. Here’s what’s happening in regard to NovaBay Pharmaceuticals, Inc..

Recent Trends From NBY

Although a move toward the top in a single session, like the move that we’re seeing from NovaBay Pharmaceuticals, Inc. might make some investors jump for joy, a single session gain by itself shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It’s always important to look into trends experienced by the stock for a period longer than a single trading session. As it relates to NBY, here are the movements that investors have seen:

  • Weekly – In the past week, NBY has produced a change in value that amounts to -1.54%.
  • Past Month – The monthly returns from NovaBay Pharmaceuticals, Inc. works out to -8.01%.
  • Quarterly – In the past 3 months, the company has generated a return of 30.18%
  • Past 6 Months – Throughout the previous 6 months, investors have seen a change that amounts to 0.00% from the stock.
  • Year To Date – Since the the first trading session of this year NBY has produced a return on investment of 81.18%.
  • Annually – Lastly, throughout the past year, we have seen performance that comes to -61.46% from NBY. Over this period of time, the stock has sold at a high price of -62.67% and a low of 97.18%.

Ratios Of Note

Digging into a few key ratios associated with a company can give prospective investors a look of how dangerous and/or rewarding a an investment option might be. Here are some of the important ratios to look at when digging into NBY.

Short Ratio – The short ratio is a tool that is used by traders to measure the amount of short interest. As the short ratio heads up, it shows that more investors believe that the stock is going to tumble. In general, biotechnology stocks tend to have a higher short ratio. On the other hand, we also see quite a few short squeezes in the industry. Nonetheless, when it comes to NovaBay Pharmaceuticals, Inc., the stock’s short ratio clocks in at 1.40.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Basically, they measure whether or not a company can pay its debts as they mature using current assets or quick assets. Because many biotech companies rely heavily on the continuation of support from investors, the current and quick ratios can be bad. Nonetheless, some better companies in the biotech sector do have strong quick and current ratios. As it relates to NBY, the quick and current ratios work out to 2.70 and 2.80 respectively.  

Book To Share Value – The book to share value compares the book value of assets currently owned by the company to the price of shares. In this case, the book to share value ratio equates to 0.35.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the price of shares. Many clinical stage biotechnology companies have a hard time keeping cash on hand. So, if you’re considering an investment in a biotechnology stock, this is a very important ratio to look into. In this case, the cash to share value ratio works out to 0.30.

Analyst Opinions Of NovaBay Pharmaceuticals, Inc.

While it’s not a smart idea to avoid doing your DD and blindly following the thoughts of analysts, it is a good idea to use their opinions when validating your own due diligence before making investment decisions in the biotech industry. Below are the recent moves that we’ve seen from analysts with regard to NBY.

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Jul-06-18 Reiterated H.C. Wainwright Buy $4
Nov-15-17 Reiterated Laidlaw Buy $10 → $8
Jun-05-17 Initiated ROTH Capital Buy $5.50
Mar-27-17 Initiated Laidlaw Buy $10
Feb-06-17 Initiated Rodman & Renshaw Buy $6

Show Me The Big Money

One thing I have learned so far in my brief time on Earth has been that good investors tend to follow the moves made by big money investors. In general, investors that are trying to keep their investments relatively safe will keep an eye on investments made by institutional investors as well as insiders. With that said, where is the big money when it comes to NBY? Here’s the scoop:

  • Institutions – At the moment, institutions hold 1.00% of NovaBay Pharmaceuticals, Inc.. Nonetheless, it is important to note that the ownership held by institutions has seen a move in the amount of 4.25% throughout the past 3 months.
  • Investors On The Inside – as it relates to insiders, members of the management team and others close to NBY currently hold 25.78% of NovaBay Pharmaceuticals, Inc.. Their ownership of the company has moved 0.00% in the last quarter.

What’s The Float Looking Like?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 17.16M shares of NovaBay Pharmaceuticals, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, NBY has a float of 5.15M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to NBY, the short percent of the float is 0.63%.

What We’ve Seen In Financial Results

What have ween seen from NBY in terms of financial results?Here is the data:

  • Analyst Expectations – At the moment, Wall St. analysts expect that NovaBay Pharmaceuticals, Inc. will generate earnings per diluted share coming to a total of -0.27, with -0.08 to be announced in the earnings announcement for the current quarter. Although this is not based on earnings, since we are chatting about Wall Street analysts, NBY is presently graded as a 2.70 on a scale from 1 to 5 on which 1 is the worst average Wall St. analyst grade and 5 is the best rating.
  • 5-Year Sales – In the past 5 years, NovaBay Pharmaceuticals, Inc. has generated a movement in sales volume that adds up to 21.30%. Earnings per share over the period have generated movement in the amount of 15.50%.
  • Q/Q – In terms of quarter over quarter earnings data, or Q/Q data as it is generally represented in today’s society, NovaBay Pharmaceuticals, Inc. has generated a change in earnings that comes to a total of 43.60%. NBY has also seen movement when it comes to sales volume that totals -24.40%.

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