Novabay Pharmaceuticals Inc (NBY)’s latest performance is not what we had anticipated

On Monday, Novabay Pharmaceuticals Inc (AMEX: NBY) was -12.01% down from the session before settling in for the closing price of $0.08. A 52-week range for NBY has been $0.07 – $1.95.

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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 9.88%. When this article was written, the company’s average yearly earnings per share was at 93.18%. With a float of $36.05 million, this company’s outstanding shares have now reached $36.06 million.

The extent of productivity of a business whose workforce counts for 26 workers is very important to gauge.

Novabay Pharmaceuticals Inc (NBY) Insider Updates

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Novabay Pharmaceuticals Inc stocks. The insider ownership of Novabay Pharmaceuticals Inc is 0.04%, while institutional ownership is 3.30%.

Novabay Pharmaceuticals Inc (NBY) Performance Highlights and Predictions

Going through the last 3-months fiscal report unveiled on the 12/31/2023, it has been observed that the corporation posted -0.85 earnings per share (EPS) during the time that was better than consensus figure (set at -0.91) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 93.18% per share during the next fiscal year.

Novabay Pharmaceuticals Inc (AMEX: NBY) Trading Performance Indicators

You can see what Novabay Pharmaceuticals Inc (NBY) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.18.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.31, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach 0.03 in one year’s time.

Technical Analysis of Novabay Pharmaceuticals Inc (NBY)

The latest stats from [Novabay Pharmaceuticals Inc, NBY] show that its last 5-days average volume of 4.97 million was superior to 3.45 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 35.06%. Additionally, its Average True Range was 0.01.

During the past 100 days, Novabay Pharmaceuticals Inc’s (NBY) raw stochastic average was set at 2.86%, which indicates a significant decrease from 17.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 80.00% in the past 14 days, which was lower than the 86.02% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.1263, while its 200-day Moving Average is $0.3449. Now, the first resistance to watch is $0.0840. This is followed by the second major resistance level at $0.0955. The third major resistance level sits at $0.1050. If the price goes on to break the first support level at $0.0630, it is likely to go to the next support level at $0.0535. Assuming the price breaks the second support level, the third support level stands at $0.0420.

Novabay Pharmaceuticals Inc (AMEX: NBY) Key Stats

There are 36,061K outstanding shares of the company, which has a market capitalization of 2.61 million. As of now, sales total 14,730 K while income totals -9,640 K. Its latest quarter income was 3,730 K while its last quarter net income were -4,110 K.