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NBY: Riding the Market Waves of Growth and Decline in 2023

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a loss of -91.34%.However, over the last six months, we can see a stronger performance of -78.14%. Over the last 30 days, the price of NBY has leaped by -10.29%. And in the last five days, it has surged by 4.60%.

Novabay Pharmaceuticals Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $12.84 on 11/03/23 and the lowest value was $0.36 on 08/09/24.

52-week price history of NBY Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Novabay Pharmaceuticals Inc’s current trading price is -95.19% away from its 52-week high, while its distance from the 52-week low is 71.20%. The stock’s price range during this period has varied between$0.36 and $12.84. The Novabay Pharmaceuticals Inc’s shares, which operate in the Healthcare, saw a trading volume of around 15.29 million for the day, a figure considerably higher than their average daily volume of 2.55 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Novabay Pharmaceuticals Inc (NBY) has experienced a quarterly rise of 2.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.02M and boasts a workforce of 26 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.1310, with a change in price of -2.3700. Similarly, Novabay Pharmaceuticals Inc recorded 1,894,394 in trading volume during the last 100 days, posting a change of -79.53%.

NBY Stock Stochastic Average

Novabay Pharmaceuticals Inc’s raw stochastic average for the past 50 days is presently 29.83%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 33.33%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 14.51% and 12.16%, respectively.

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