Novabay Pharmaceuticals Stock Buy Hold or Sell Recommendation
| NBY Stock | USD 0.68 0.04 5.56% |
Considering the 90-day investment horizon and complete risk avoidance on your part, our recommendation regarding NovaBay Pharmaceuticals is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell NovaBay Pharmaceuticals given historical horizon and risk tolerance towards NovaBay Pharmaceuticals. When Macroaxis issues a 'buy' or 'sell' recommendation for NovaBay Pharmaceuticals, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out NovaBay Pharmaceuticals Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy NovaBay Stock please use our How to Invest in NovaBay Pharmaceuticals guide. In addition, we conduct extensive research on individual companies such as NovaBay and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards NovaBay Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
NovaBay |
Execute NovaBay Pharmaceuticals Buy or Sell Advice
The NovaBay recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on NovaBay Pharmaceuticals. Macroaxis does not own or have any residual interests in NovaBay Pharmaceuticals or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute NovaBay Pharmaceuticals' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Modest | Details | |
Volatility | Dangerous | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | High | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
NovaBay Pharmaceuticals Trading Alerts and Improvement Suggestions
| NovaBay Pharmaceuticals is way too risky over 90 days horizon | |
| NovaBay Pharmaceuticals has some characteristics of a very speculative penny stock | |
| NovaBay Pharmaceuticals appears to be risky and price may revert if volatility continues | |
| NovaBay Pharmaceuticals has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the last year's revenue of 14.73 M. Reported Net Loss for the year was (9.64 M) with profit before taxes, overhead, and interest of 5.64 M. | |
| NovaBay Pharmaceuticals has about 5.36 M in cash with (4.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07. | |
| NovaBay Pharmaceuticals has a poor financial position based on the latest SEC disclosures | |
| Latest headline from finance.yahoo.com: NovaBay Pharmaceuticals to Reconvene Special Meeting of Stockholders on December 18, 2024 |
NovaBay Pharmaceuticals Returns Distribution Density
The distribution of NovaBay Pharmaceuticals' historical returns is an attempt to chart the uncertainty of NovaBay Pharmaceuticals' future price movements. The chart of the probability distribution of NovaBay Pharmaceuticals daily returns describes the distribution of returns around its average expected value. We use NovaBay Pharmaceuticals price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of NovaBay Pharmaceuticals returns is essential to provide solid investment advice for NovaBay Pharmaceuticals.
| Mean Return | 0.70 | Value At Risk | -5.26 | Potential Upside | 9.86 | Standard Deviation | 7.51 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of NovaBay Pharmaceuticals historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
NovaBay Pharmaceuticals Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 3.8M | 5.0M | (4.4M) | (2.1M) | (2.2M) | (2.1M) | |
| Free Cash Flow | (7.9M) | (4.7M) | (9.2M) | (6.8M) | (4.2M) | (4.4M) | |
| Depreciation | 65K | 51K | 119K | 483K | 203K | 180.3K | |
| Other Non Cash Items | 688K | 89K | (4.6M) | 2.7M | 4.3M | 4.5M | |
| Capital Expenditures | 44K | 19K | 26K | 52K | 112K | 18.1K | |
| Net Income | (9.7M) | (11.0M) | (5.8M) | (10.6M) | (9.6M) | (10.1M) | |
| End Period Cash Flow | 7.4M | 12.4M | 8.0M | 5.8M | 3.6M | 6.1M | |
| Change To Inventory | (212K) | (116K) | (243K) | (217K) | 560K | 588K | |
| Investments | (19K) | (26K) | (12.0M) | (112K) | (17K) | (17.9K) | |
| Change Receivables | 1.5M | (774K) | (2.3M) | (317K) | (285.3K) | (271.0K) | |
| Change To Netincome | (1K) | 32K | 5.9M | (3.4M) | (3.1M) | (2.9M) |
NovaBay Pharmaceuticals Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to NovaBay Pharmaceuticals or Pharmaceuticals sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that NovaBay Pharmaceuticals' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a NovaBay stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.74 | |
β | Beta against Dow Jones | -0.45 | |
σ | Overall volatility | 7.53 | |
Ir | Information ratio | 0.08 |
NovaBay Pharmaceuticals Volatility Alert
NovaBay Pharmaceuticals is displaying above-average volatility over the selected time horizon. NovaBay Pharmaceuticals is a potential penny stock. Although NovaBay Pharmaceuticals may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in NovaBay Pharmaceuticals. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on NovaBay instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.NovaBay Pharmaceuticals Fundamentals Vs Peers
Comparing NovaBay Pharmaceuticals' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze NovaBay Pharmaceuticals' direct or indirect competition across all of the common fundamentals between NovaBay Pharmaceuticals and the related equities. This way, we can detect undervalued stocks with similar characteristics as NovaBay Pharmaceuticals or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of NovaBay Pharmaceuticals' fundamental indicators could also be used in its relative valuation, which is a method of valuing NovaBay Pharmaceuticals by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare NovaBay Pharmaceuticals to competition |
| Fundamentals | NovaBay Pharmaceuticals | Peer Average |
| Return On Equity | -2.64 | -0.31 |
| Return On Asset | -0.39 | -0.14 |
| Profit Margin | (0.77) % | (1.27) % |
| Operating Margin | (0.43) % | (5.51) % |
| Current Valuation | 3.82 M | 16.62 B |
| Shares Outstanding | 4.89 M | 571.82 M |
| Shares Owned By Insiders | 0.02 % | 10.09 % |
| Shares Owned By Institutions | 2.58 % | 39.21 % |
| Number Of Shares Shorted | 764.28 K | 4.71 M |
| Price To Earning | (5.43) X | 28.72 X |
| Price To Book | 3.12 X | 9.51 X |
| Price To Sales | 0.25 X | 11.42 X |
| Revenue | 14.73 M | 9.43 B |
| Gross Profit | 5.64 M | 27.38 B |
| EBITDA | (4.8 M) | 3.9 B |
| Net Income | (9.64 M) | 570.98 M |
| Cash And Equivalents | 5.36 M | 2.7 B |
| Cash Per Share | 0.07 X | 5.01 X |
| Total Debt | 2.74 M | 5.32 B |
| Debt To Equity | 0.14 % | 48.70 % |
| Current Ratio | 2.59 X | 2.16 X |
| Book Value Per Share | 0.22 X | 1.93 K |
| Cash Flow From Operations | (4.13 M) | 971.22 M |
| Short Ratio | 0.83 X | 4.00 X |
| Earnings Per Share | (74.61) X | 3.12 X |
| Target Price | 3.73 | |
| Number Of Employees | 24 | 18.84 K |
| Beta | 0.73 | -0.15 |
| Market Capitalization | 3.33 M | 19.03 B |
| Total Asset | 9.03 M | 29.47 B |
| Retained Earnings | (174.85 M) | 9.33 B |
| Working Capital | 2.88 M | 1.48 B |
| Current Asset | 4.53 M | 9.34 B |
Note: Acquisition by Zheng Yongxiang of 30000 shares of NovaBay Pharmaceuticals subject to Rule 16b-3 [view details]
NovaBay Pharmaceuticals Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as NovaBay . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About NovaBay Pharmaceuticals Buy or Sell Advice
When is the right time to buy or sell NovaBay Pharmaceuticals? Buying financial instruments such as NovaBay Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having NovaBay Pharmaceuticals in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Money Funds
Funds or Etfs that invest most if their asset in companies from financial sector such as commercial banks, insurance companies, investment funds, and real estate. The Money Funds theme has 34 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Money Funds Theme or any other thematic opportunities.
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Additional Tools for NovaBay Stock Analysis
When running NovaBay Pharmaceuticals' price analysis, check to measure NovaBay Pharmaceuticals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NovaBay Pharmaceuticals is operating at the current time. Most of NovaBay Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of NovaBay Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NovaBay Pharmaceuticals' price. Additionally, you may evaluate how the addition of NovaBay Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.