Novabay Pharmaceuticals Inc (AMEX:NBY) shares, rose in value, with the stock price up by 15.61% to the previous day’s close as strong demand from buyers drove the stock to $0.75.
Actively observing the price movement in the last trading, the stock closed the session at $0.65, falling within a range of $0.6075 and $0.7548. The value of beta (5-year monthly) was 0.75. Referring to stock’s 52-week performance, its high was $12.84, and the low was $0.36. On the whole, NBY has fluctuated by 10.92% over the past month.
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With the market capitalization of Novabay Pharmaceuticals Inc currently standing at about $3.68 million, investors are eagerly awaiting this quarter’s results, scheduled for in November.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NBY’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of NBY currently trading nearly 19.09% and 28.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.79, while the 7-day volatility ratio is showing 14.43% which for the 30-day chart, stands at 9.06%. Furthermore, Novabay Pharmaceuticals Inc (NBY)’s beta value is 0.75, and its average true range (ATR) is 0.07.
A comparison of Novabay Pharmaceuticals Inc (NBY) with its peers suggests the former has fared considerably weaker in the market. NBY showed an intraday change of 15.61% in last session, and over the past year, it shrunk by -93.78%%.
Data on historical trading for Novabay Pharmaceuticals Inc (AMEX:NBY) indicates that the trading volumes over the past 10 days have averaged 2.01 and over the past 3 months, they’ve averaged 2.81 million. According to company’s latest data on outstanding shares, there are 4.89 million shares outstanding.
Nearly 0.01% of Novabay Pharmaceuticals Inc’s shares belong to company insiders and institutional investors own 0.24% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17887.0 shares as on 2024-10-15. According to the data, the short interest in Novabay Pharmaceuticals Inc (NBY) stood at 37.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 0.13 million. The stock has fallen by -89.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NBY stock heading into the next quarter.
