NovaBay Pharmaceuticals, Inc. (NBY) Given Average Rating of “Hold” by Brokerages
Shares of NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY) have been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $6.60.
NBY has been the subject of a number of recent research reports. ValuEngine downgraded NovaBay Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research note on Friday, November 10th. Zacks Investment Research downgraded NovaBay Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. dropped their price target on NovaBay Pharmaceuticals from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Roth Capital set a $5.00 price target on NovaBay Pharmaceuticals and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, HC Wainwright set a $6.00 price target on NovaBay Pharmaceuticals and gave the stock a “buy” rating in a research note on Wednesday, November 15th.
NovaBay Pharmaceuticals (NYSEAMERICAN NBY) opened at $3.40 on Friday. NovaBay Pharmaceuticals has a 52 week low of $2.25 and a 52 week 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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