NovaBay Pharmaceuticals, Inc. (NYSE:NBY) has a beta value of 3.89 and has seen 2,998,027 shares traded in the recent trading session. The company, currently valued at $40.05 Million, closed the recent trade at $1.1999 per share which meant it gained $0.1 on the day or 9.58% during that session. The NBY stock price is -55.85% off its 52-week high price of $1.87 and 80% above the 52-week low of $0.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.4 Million shares traded. The 3-month trading volume is 4.35 Million shares.
The consensus among analysts is that NovaBay Pharmaceuticals, Inc. (NBY) is a Buy stock at the moment, with a recommendation rating of 1.5. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 2 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.05.
NovaBay Pharmaceuticals, Inc. (NYSE:NBY) trade information
Sporting 8.68% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Jun 24 when the NBY stock price touched $1.25 or saw a rise of 5.59%. Year-to-date, NovaBay Pharmaceuticals, Inc. shares have moved 84.39%, while the 5-day performance has seen it change 22.9%. Over the past 30 days, the shares of NovaBay Pharmaceuticals, Inc. (NYSE:NBY) have changed 39.66%. Short interest in the company has seen 248.95 Million shares shorted with days to cover at 57.23.
Wall Street analysts have a consensus price target for the stock at $2.25, which means that the shares’ value could jump 87.52% from current levels. The projected low price target is $1.5 while the price target rests at a high of $3. In that case, then, we find that the current price level is +150.02% off the targeted high while a plunge would see the stock lose 25.01% from current levels.
NovaBay Pharmaceuticals, Inc. (NBY) estimates and forecasts
Figures show that NovaBay Pharmaceuticals, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +71.09% over the past 6 months, with this year growth rate of -54.17%, compared to 12.4% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 64.3% and -500% for the next quarter. Revenue growth from the last financial year stood is estimated to be +54%.
2 analysts offering their estimates for the company have set an average revenue estimate of $2.85 Million for the current quarter. 2 have an estimated revenue figure of $2.33 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $1.65 Million and $1.61 Million respectively for this quarter and the next, and analysts expect sales will grow by 72.7% for the current quarter and 44.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +42.4% over the past 5 years. Earnings growth for 2020 is a modest -25.3% while over the next 5 years, the company’s earnings are expected to increase by 0%.