NovaBay Pharmaceuticals, Inc. (NBY) Given Consensus Recommendation of “Hold” by Brokerages
NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY) has received an average recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $6.60.
A number of research firms have recently issued reports on NBY. Maxim Group reissued a “hold” rating on shares of NovaBay Pharmaceuticals in a research report on Friday, August 11th. HC Wainwright set a $6.00 price target on NovaBay Pharmaceuticals and gave the stock a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research raised NovaBay Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Laidlaw dropped their price target on NovaBay Pharmaceuticals from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Finally, dropped their price target on NovaBay Pharmaceuticals from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th.
NovaBay Pharmaceuticals (NBY) opened at $4.45 on Monday. NovaBay Pharmaceuticals has a 12-month low of $2.25 and a 12-month high of $5.00.
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NovaBay Pharmaceuticals Company Profile
NovaBay Pharmaceuticals, Inc, formerly NovaCal Pharmaceuticals, Inc, is a biopharmaceutical company, which develops products for the eye care market. The Company focuses on commercializing prescription Avenova for managing hygiene of the eyelids and lashes in the United States. Avenova is an eye care product formulated with a form of hypochlorous acid called Neutrox.
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