Acumen Health Holdings to Acquire the Avenova brand from NovaBay Pharmaceuticals
| NBY Stock | USD 0.68 0.04 5.56% |
Slightly above 61% of NovaBay Pharmaceuticals' investor base is looking to short. The analysis of overall sentiment of trading NovaBay Pharmaceuticals stock suggests that many investors are alarmed at this time. NovaBay Pharmaceuticals' investing sentiment can be driven by a variety of factors including economic data, NovaBay Pharmaceuticals' earnings reports, geopolitical events, and overall market trends.
NovaBay |
Acumen Health Holdings, LLC, a professionally recommended, consumer-preferred dietary supplements company focused on eye health and companion animals, announced today that its subsidiary, PRN Physician Recommended Nutriceuticals, LLC, has entered into a definitive asset purchase agreement to acquire the assets of the Avenova brand and business from NovaBay Pharmaceuticals, Inc. . The Brand offers several products for ocular health including cleansi
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NovaBay Pharmaceuticals Investor Sentiment by Other News Outlets
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NovaBay Pharmaceuticals Fundamental Analysis
We analyze NovaBay Pharmaceuticals' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NovaBay Pharmaceuticals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NovaBay Pharmaceuticals based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
NovaBay Pharmaceuticals is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
NovaBay Pharmaceuticals Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with NovaBay Pharmaceuticals stock to make a market-neutral strategy. Peer analysis of NovaBay Pharmaceuticals could also be used in its relative valuation, which is a method of valuing NovaBay Pharmaceuticals by comparing valuation metrics with similar companies.
Peers
NovaBay Pharmaceuticals Related Equities
| IMMX | Immix Biopharma | 6.55 | ||||
| SONN | Sonnet Biotherapeutics | 3.11 | ||||
| ENVB | Enveric Biosciences | 3.03 | ||||
| PALI | Palisade Bio | 0.41 | ||||
| ZVSA | ZyVersa Therapeutics | 0.88 | ||||
| PHIO | Phio Pharmaceuticals | 2.37 | ||||
| CYTO | Altamira Therapeutics | 4.55 | ||||
| ZURA | Zura Bio | 6.83 | ||||
| CNSP | Cns Pharmaceuticals | 7.69 |
Additional Tools for NovaBay Stock Analysis
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