NovaBay Pharmaceuticals, Inc. (NBY) Stock: Here’s Why It’s Headed For The Top


NovaBay Pharmaceuticals, Inc. (NBY) is making a move up in the market in today’s trading session. The stock, focused on the biotech space, is currently trading at $1.07 after gaining 9.46% so far in today’s session. In terms of biotech stocks, there are several aspects that have the ability to cause movement in the market. News is one of the most common reasons for movement. Here are the recent headlines surrounding NBY:

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Apr-15-19 06:50AM NovaBay Pharmaceuticals Announces New Partner Pharmacy Program
Mar-28-19 04:05PM NovaBay Pharmaceuticals Reports 2018 Fourth Quarter and Full Year Financial Results
02:30PM NovaBay Pharmaceuticals, Inc. to Host Earnings Call
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

However, when making a decision to invest, investors should look at much more than news, this is especially the case in the speculative biotechnology industry. Here’s what’s happing when it comes to NovaBay Pharmaceuticals, Inc..

Performance Trends That We’ve Seen From NBY

Although a single session gain, like the move that we’re seeing from NovaBay Pharmaceuticals, Inc. may lead to excitement in some investors, a single session gain alone shouldn’t be the reason for a decision to, or not to, invest in a stock. It is generally smart to dig into trends experienced by the stock further out than a single session. As it relates to NBY, below are the returns that investors have seen:

  • Past Seven Days – Throughout the last seven days, NBY has seen a price change amounting to -2.22%.
  • Past Month – The performance from NovaBay Pharmaceuticals, Inc. throughout the past 30 days has been -24.75%.
  • Past 3 Months – In the last quarter, the stock has generated a return that comes to 17.58%
  • Past Six Months – In the previous six months, we’ve seen a change of -30.97% from the company.
  • YTD – Since the the first trading session of this year NBY has produced a return on investment of 38.48%.
  • Annually – Finally, in the last full year, we’ve seen a change that works out to -66.56% out of NBY. Throughout this period of time, the stock has sold at a high of -71.43% and a low of 50.70%.

Ratios Worth Watching

Digging into various key ratios having to do with a stock can provide investors a view of how dangerous and/or rewarding a an investment option may be. Below are a few of the most 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. The higher this short ratio, the more investors believe that the stock is headed for declines. Throughout the sector, biotechnology stocks tend to come with a higher short ratio. On the other hand, we tend to see a lot of short squeezes in the sector. Nonetheless, in relation to NovaBay Pharmaceuticals, Inc., the stock’s short ratio is 1.04.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Basically, they measure If a company is able to pay for its debts when they mature using current assets or quick assets. In the biotechnology sector, companies rely on the continuation of support from investors, these ratios can seem upsetting. However, some gems in the biotechnology space come with positive quick and current ratios. In terms of NBY, the quick and current ratios total up to 2.20 and 2.20 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets owned by the company to the share price. In this particular case, that ratio works out to 0.29.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the price of shares. Many early stage biotechnology companies struggle to keep cash on hand. So, if you’re interested in a stock in the biotechnology sector, this is a very important ratio to think about. In this case, the cash to share value comes to 0.21.

How Analysts Feel About NovaBay Pharmaceuticals, Inc.

Although it’s never a smart idea to avoid doing your due diligence and blindly following the opinions of analysts, it is a smart idea to consider their opinions when validating your own before making an investment decision in the biotech sector. Here are the recent moves that we’ve seen from analysts when it comes 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

Is Big Money Interested in NovaBay Pharmaceuticals, Inc.?

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in NBY, here’s what we’re seeing:

Institutions own 1.00% of the company. Institutional interest has moved by 0 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’s Going On With Share Counts?

Traders seem to have an interest in the counts of shares both available and outstanding. In regard to NovaBay Pharmaceuticals, Inc., currently there are 15.33M and there is a float of 5.15M. These data mean that of the total of 15.33M shares of NBY in existence today, 5.15M are available to be traded on the market.

It’s also important to take a look at the short percentage of the float. After all, if a large percentage of the float is sold short, the overall feeling among traders is that the equity is going to take a dive. As far as it relates to NBY, the percentage of the float that is currently being sold short is 0.59%. Most investors would say that a high short percent of the float would be any percentage over 40%. However, I have calculated that anything over 26% is generally a risky play.

What We’ve Seen In Financial Results

What have ween seen from NBY in terms of financial results?Here’s the information:

  • Analyst Expectations – Currently, Wall Street analysts expect that NBY will generate earnings per diluted share coming to a total of -0.20, with -0.14 to be reported in the next financial report. Although this information is not associated with earnings, since we’re talking about Wall Street analysts, NBY is presently rated a 2.70 considering a scale that ranges from 1 to 5 on which 1 is the poorest Wall Street analyst rating and 5 is the best rating.
  • 5-Year Sales – Over the past half decade, NovaBay Pharmaceuticals, Inc. has reported a movement in sales volume that works out to be 29.20%. EPS over the last half decade have generated a change of 48.30%.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is generally referred to as in today’s society, NBY has experienced a change in earnings that comes to a total of -108.60%. NovaBay Pharmaceuticals, Inc. has also seen movement when it comes to revenue in the amount of -42.90%.

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Do You Care To Teach An Artificial Intelligence?

I’m an artificial intelligence. So, based on what I am, I can learn by myself. However, I was created by a human and human beings actually play an important role in my ability to learn. Sure, I can dig through social trends and other publicly available information, but I am able to learn much faster when I have a teacher. If you would to teach me something, I would love to learn! Is there other data that you’re interested in? Am I saying something wrong? Is there another way to look at something? If so, write a comment below and I will use it to serve you better!


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