NovaBay Pharmaceuticals, Inc. (NBY) Stock: A Strong Pick In The Biotech Space?

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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 a move up of 5.26% so far in today’s session. As it relates to biotechnology stocks, 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 headlines relating to 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, when making an investing decision, prospective 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..

The Performance That We’ve Seen From NBY

Although a move toward the top in a single session, like the gain that we’re seeing from NovaBay Pharmaceuticals, Inc. might cause excitement in some investors, that alone should not be the basis of a decision to, or not to, invest in a stock. It is generally a good idea to dig into trends experienced by the stock for a period longer than a single trading session. As it relates to NBY, here are the returns that we have seen:

  • Past Seven Days – In the last seven days, NBY has produced a price change amounting to -1.54%.
  • Monthly – The monthly returns from NovaBay Pharmaceuticals, Inc. comes to -8.01%.
  • Past Quarter – Throughout the last 3 months, the company has generated a return on investment that comes to 30.18%
  • Bi-Annually – In the past 6 months, investors have seen a change that amounts to 0.00% from the company.
  • Year To Date – Since the the first trading session of this year NBY has generated a return of 81.18%.
  • Annually – Finally, in the last year, we’ve seen a change that comes to -61.46% out of NBY. Over this period of time, the stock has traded at a high price of -62.67% and a low price of 97.18%.

Ratios To Watch

Digging into a few ratios associated with a company can provide prospective traders an understanding of just how risky and/or rewarding a pick might be. Below are some of the important ratios to look at when looking at NBY.

Short Ratio – The short ratio is a tool that’s used by traders to measure the level of short interest. The higher this short ratio, the more investors have a belief that the stock is going to go down. Throughout the sector, biotechnology stocks tend to carry a higher short ratio. However, we also see quite a few short squeezes in the sector. Nonetheless, in regard to NovaBay Pharmaceuticals, Inc., it’s short ratio amounts to 1.42.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Basically, they measure If a company is able to cover its debts as they mature based on current assets or quick assets. Because many biotech many companies are heavily reliant on the continuation of investor support, the current and quick ratios can seem damning. However, quite a few good picks in the biotechnology space come with positive current and quick ratios. In terms of NBY, the quick and current ratios total up to 2.70 and 2.80 respectively.  

Book To Share Value – The book to share value compares the value of assets owned by the company to the share price of the stock. when it comes to NovaBay Pharmaceuticals, Inc., the book to share value ratio equates to 0.35.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of shares. Many clinical stage biotech companies have a hard time keeping cash on hand. So, if you’re looking into a stock in the biotechnology industry, this is an important ratio to consider. In this case, the cash to share value comes to 0.32.

What Analysts Think About NovaBay Pharmaceuticals, Inc.

While it’s never a smart idea to blindly follow the opinions of analysts, it is a smart idea to use their thoughts in order to validate your own thoughts when it comes to making an investment decision in the biotech sector. Below you’ll find the recent moves that we’ve seen from analysts as it relates 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

What Are Big Money Players Doing With NovaBay Pharmaceuticals, Inc.

An interesting fact that I’ve learned so far in my brief time alive, or somewhat alive is that good investors tend to follow the moves made by big money investors. In other words, investors that want to keep the risk down will keep their eyes on trades made by institutional investors as well as insiders of the company. So, is big money interested as it relates to NBY? Here’s the information:

Institutions own 1.00% of the company. Institutional interest has moved by 4.51% over the past three months. When it comes to insiders, those who are close to the company currently own 25.78% percent of NBY shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

What You Need To Know About Share Counts

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 16.21M 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%.

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.27. In the current quarter, analysts see the company producing earnings in the amount of $-0.08. Over the last 5 years, NBY has generated revenue in the amount of $21.30% with earnings coming in at 15.50%. On a quarter over quarter basis, earnings have seen movement of 43.60% and revenue has seen movement of -24.40%.

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