Novabay Pharmaceuticals Inc (AMEX: NBY) Loses -94.87% From High. Why That Could Change?

Currently, there are 6.53M common shares owned by the public and among those 6.37M shares have been available to trade.

Insiders at the company have transacted a total of 6 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 6 of these insider trades were purchases, accounting for 5,148 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

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However, the script later moved the day high at 0.1635, down -11.13%. The company’s stock has a 5-day price change of -18.22% and -62.81% over the past three months. NBY shares are trading -34.66% year to date (YTD), with the 12-month market performance down to -94.60% lower. It has a 12-month low price of $0.14 and touched a high of $2.60 over the same period. NBY has an average intraday trading volume of 2.30 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -18.96%, -39.89%, and -75.24% respectively.

Institutional ownership of Novabay Pharmaceuticals Inc (AMEX: NBY) shares accounts for 3.95% of the company’s 6.53M shares outstanding.

It has a market capitalization of $0.87M and a beta (3y monthly) value of 2.05. The earnings-per-share (ttm) stands at -$6.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.62% over the week and 13.29% over the month.

Earnings per share for the fiscal year are expected to increase by 77.13%, and 68.40% over the next financial year.

Looking at the support for the NBY, a number of firms have released research notes about the stock. Ladenburg Thalmann stated their Buy rating for the stock in a research note on September 18, 2019, with the firm’s price target at $1.10.

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