NovaBay Pharmaceuticals, Inc. (NBY) Stock: Seeing Declines In Today’s Session

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NovaBay Pharmaceuticals, Inc. (NBY) is making a move down in the market today. The company, one that is focused in the biotechnology industry, is currently trading at $0.61 after heading down -19.21% so far today. When it comes to biotech stocks, there are quite a few aspects that have the ability to generate movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories relating to NBY:

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Nov-07-19 04:05PM NovaBay Pharmaceuticals Reports 2019 Third Quarter Financial Results
Nov-04-19 06:50AM NovaBay Pharmaceuticals Launches Online Sales of CelleRx® Skin Cleanser for Post-Aesthetic Dermatology and Cosmetic Surgery Procedures
Oct-31-19 06:50AM NovaBay Pharmaceuticals to Hold Third Quarter 2019 Conference Call on November 7, 2019
Oct-28-19 06:50AM NovaBay Pharmaceuticals to Distribute the NuLids System® for the Treatment of Dry Eye in Certain U.S. Geographies
Sep-24-19 02:20PM Market Morning: Prorogation Ruled Rogue, High Demand for Fed Repo, New Breast Cancer Tests

However, when making a decision to invest, investors should look at far more than just news, especially in the highly speculative biotech space. Here’s what’s happing when it comes to NovaBay Pharmaceuticals, Inc..

Recent Trends From NBY

Although a move down on a single session, like the fall that we’re seeing from NovaBay Pharmaceuticals, Inc. might lead to fear in some investors, a single session decline by itself should not be the reason for a decision to, or not to, invest in a stock. It is generally important to dig into trends experienced by the stock just a single trading session. When it comes to NBY, below are the trends that we’ve seen:

  • Weekly – Over the past seven days, NBY has seen a change in price amounting to 5.63%.
  • Past 30 Days – The monthly performance from NovaBay Pharmaceuticals, Inc. has been -2.74%.
  • Past Quarter – Over the past 3 months, the stock has generated a return of -29.89%
  • Past 6 Months – Over the previous 6 months, we’ve seen a change that works out to 110.34% from the stock.
  • YTD – Since the close of last year NBY has generated a ROI of -21.06%.
  • Full Year – Lastly, in the last full year, investors have seen movement that works out to -45.05% out of NBY. Over this period of time, the stock has traded at a high price of -84.90% and a low price of 166.38%.

Rations That Traders Should Consider

Looking at various ratios associated with a company can provide prospective investors an understanding of just how dangerous and/or potentially profitable a an investment option might be. Below are some of the important ratios to consider when looking at NBY.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that the stock is headed for declines. In general, biotech stocks tend to come with a higher short ratio. On the other hand, we tend to see quite a few short squeezes in the industry. Nonetheless, with regard to NovaBay Pharmaceuticals, Inc., it’s short ratio comes to 0.36.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Essentially, they measure If a company is able to pay for its debts when they mature based on current assets or quick assets. In the biotech space, companies are heavily reliant on the continuation of support from investors, these ratios can look damning. However, several better companies in the biotechnology sector do have strong current and quick ratios. As it relates to NBY, the quick and current ratios add up to 2.00 and 2.20 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets that are owned by the company. In this particular case, that ratio comes in at 0.09.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the price of shares. Several clinical stage biotech companies struggle to keep cash on hand. So, when investing in the biotechnology space, this is an important ratio to consider. In this case, the cash to share value ratio works out to 0.12.

What Analysts Say About NovaBay Pharmaceuticals, Inc.

Although it’s not a good idea to avoid doing your DD and blindly following the thoughts of analysts, it is a smart idea to use their opinions when validating your own due diligence when it comes to making an investment decision in the biotech space. Here are the most recent moves that we’ve seen from analysts when it comes to NBY.

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Sep-18-19 Initiated Ladenburg Thalmann Buy $1.10
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

Big Money And NovaBay Pharmaceuticals, Inc.

One thing I’ve come to understand so far in my brief time here has been that smart money tends to follow big money players. In general, investors that are looking to keep their investments relatively safe will keep their eyes on trades made by institutions as well as those on the inside. So, is big money flowing as it relates to NBY? Here’s the scoop:

  • Institutional Investors – At the moment, institutions hold 17.90% of NBY. However, it’s important to consider that institutional ownership has changed in the amount of 222.52% throughout the past quarter.
  • Investors On The Inside – with regard to insiders, members of the management team and others close to NBY currently own 46.20% of NovaBay Pharmaceuticals, Inc.. Their ownership of the company has moved -3.15% over the past quarter.

Interested In How Many Shares Are Available?

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 31.15M 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 13.82M.

I also like to take a look at the short percentage of the float. Think about it, if a high percentage of the float is sold short, the overall feeling among traders is that the stock is headed for a deep dive. As far as NBY, the percentage of the float that is sold short comes to a total of 2.34%. In general, concerning short percent of the float would be considered to be anything over 40%. However, I have found that a short percent of the float over 26% is usually a a play that could prove to be very risky.

Financial Performance

What have ween seen from NBY in terms of financial results?Here’s what you’re looking for:

  • Analyst Expectations – As it stands at the moment, Wall St. analysts expect that NBY will create EPS of -0.23, with -0.08 to be reported in the report for the current quarter. Although this is not earnings driven, because we’re talking about analysts, NovaBay Pharmaceuticals, Inc. is presently rated a 1.50 on a scale from 1 to 5 where 1 is the poorest possible Wall Street analyst grade and 5 is the best possible rating.
  • 5-Year Sales – In the last half decade, NovaBay Pharmaceuticals, Inc. has created a change in sales that comes to a total of 29.20%. Earnings per diluted share in the past 5 years have experienced movement in the amount 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 the human world, the company has seen a change in earnings that amounts to -44.50%. NBY has also seen movement in terms of revenue that comes to a total of -35.70%.

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