NovaBay Pharmaceuticals, Inc. (NBY) Stock: Here’s What’s Happening

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NovaBay Pharmaceuticals, Inc. (NBY) is falling in the market in today’s trading session. The company, one that is focused on the biotech industry, is currently trading at $1.82 after a move down of -5.21% so far in today’s session. As it relates to biotechnology stocks, there are quite a few factors that have the potential to generate declines in the market. News is one of the most common reasons for movement. Here are the recent trending headlines surrounding NBY:

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Jun-17-19 06:50AM NovaBay Pharmaceuticals Appoints Justin Hall President and CEO, and Jason Raleigh CFO
Jun-10-19 01:52PM NovaBay’s stock halted for volatility 18 times as it rockets 557%
07:55AM NovaBay’s stock more than triples after Avenova made available on Amazon without prescription
06:50AM NovaBay Pharmaceuticals Launches Avenova® Direct on Amazon.com
May-21-19 04:05PM NovaBay Pharmaceuticals Receives NYSE American Communication

Nonetheless, any time investors are making a decision to invest, investors should take a look at much more than just news, this is especially the case in the highly speculative biotech space. Here’s what’s happening in regard to NovaBay Pharmaceuticals, Inc..

Trends That We’ve Seen From NBY

While a move toward the top in a single session, like the fall that we’re seeing from NovaBay Pharmaceuticals, Inc. may cause fear in some investors, a single session move alone shouldn’t be the basis of a decision to, or not to, invest in a company. It’s generally a good idea to take a look at trends experienced by the stock just a single trading day. When it comes to NBY, here are the returns that we have seen:

  • Past 5 Sessions – Throughout the last seven days, NBY has produced a price change in the amount of 4.00%.
  • Monthly – The monthly performance from NovaBay Pharmaceuticals, Inc. works out to 510.30%.
  • Past Quarter – Throughout the past quarter, the stock has produced a ROI that works out to 43.87%
  • Past 6 Months – Over the past 6 months, investors have seen a performance that works out to 83.63% from the stock.
  • This Year So Far – Since the open of this year NBY has generated a return on investment of 135.54%.
  • Full Year – Finally, over the last full year, investors have seen performance that comes to -30.67% from NBY. In this period of time, the stock has traded at a high of -54.95% and a low of 694.76%.

Crucial Ratios

Looking at a few ratios having to do with a stock can give traders an understanding of how dangerous and/or potentially profitable a pick might be. Here are a few of the important ratios to think about when digging into NBY.

Short Ratio – The short ratio is a measure of short interest. As the ratio heads up, it means that more investors have a belief that the value of the stock is headed for declines. Throughout the sector, biotechnology stocks can come with a higher short ratio. On the other hand, we also see a lot of short squeezes in the space. Nonetheless, with regard to NovaBay Pharmaceuticals, Inc., it’s short ratio amounts to 0.11.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Essentially, they measure the company’s abilities to pay its debts as they mature using quick assets or current assets. Because many biotech companies rely heavily on the continuation of investor support, the current and quick ratios can look bad. Nonetheless, some gems in the biotech industry do have positive quick and current ratios. As far as NBY, the quick and current ratios come to 1.20 and 1.30 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets that are owned by the company. In this particular case, the book to share value ratio is 0.07.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the value of shares. Several clinical stage biotech companies struggle to keep cash on hand. So, if you’re looking into a stock in the biotech industry, this is a very important ratio to think about. When it comes to NBY, the cash to share value works out to 0.14.

How Analysts Feel About 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 analysis when validating your own when it comes to making an investment decision in the biotech space. Here 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

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 – Currently, institutions hold 1.10% of NBY. Nonetheless, it’s important to consider that the ownership held by institutions has seen a move of 21.34% throughout the past quarter.
  • Insider Moves – As far as insiders go, members of the management team and others close to NBY currently hold 55.20% of the company. Their ownership of the company has moved -4.04% in the past quarter.

Float Information

Traders and investors tend to have a heavy interest in the amounts of shares both available and outstanding. As far as NovaBay Pharmaceuticals, Inc., there are currently 20.16M with a float of 7.46M. These data mean that out of the total of 20.16M shares of NBY that are out there today, 7.46M are available to trade hands in the public realm.

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 3.83%.

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.15. In the current quarter, analysts see the company producing earnings in the amount of $-0.05. Over the last 5 years, NBY has generated revenue in the amount of $29.20% with earnings coming in at 48.30%. On a quarter over quarter basis, earnings have seen movement of -87.00% and revenue has seen movement of -48.30%.

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