Novabay Pharmaceuticals Inc (AMEX:NBY) shares traded 15.67% higher at $0.16 on Wall Street last session.
NBY stock price is now 57.48% away from the 50-day moving average and -39.12% away from the 200-day moving average. The market capitalization of the company currently stands at $6.17M.
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With the price target of $1.10, Ladenburg Thalmann recently initiated with Buy rating for Novabay Pharmaceuticals Inc (AMEX: NBY). On July 06, 2018, H.C. Wainwright reiterated its ‘Buy’ rating on the stock and kept its target price maintained at $4, while ‘Laidlaw’ rates the stock as ‘Buy’
A total of 0.03% of the company’s stock is owned by insiders.
During the past 12 months, Novabay Pharmaceuticals Inc has had a low of $0.06 and a high of $1.28. As of last week, the company has a debt-to-equity ratio of 15.12, a current ratio of 0.92, and a quick ratio of 0.75. The fifty day moving average price for NBY is $0.1028 and a two-hundred day moving average price translates $0.2675 for the stock.
The latest earnings results from Novabay Pharmaceuticals Inc (AMEX: NBY) was released for 2023-12-31. According to the Biotechnology Company, earnings per share came in at -1.27, missing analysts’ expectations of -0.55 by -0.72. This compares to -$0.19 EPS in the same period last year. The net profit margin was -129.47% and return on equity was -242.90% for NBY. The company reported revenue of $2.63 million for the quarter, compared to $2.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.48 percent. For the current quarter, analysts expect NBY to generate $3.15M in revenue.
