How to Buy Novabay Pharmaceuticals Stock
Novabay Pharmaceuticals Inc
NovaBay Pharmaceuticals, Inc. is a biopharmaceutical company, which engages in developing products for the eye care market. The company is headquartered in Emeryville, California and currently employs 70 full-time employees.
Novabay Pharmaceuticals stock last closed at $0.29, down 2.69% from the previous day, and has decreased 83.39% in one year. It has underperformed other stocks in the Biotechnology industry by 0.59 percentage points. Novabay Pharmaceuticals stock is currently +3.21% from its 52-week low of $0.28, and -89.14% from its 52-week high of $2.66.
There are currently 6.53M NBY shares outstanding. The market capitalization of NBY is $1.89M. In the past 24 hours, 111,893 NBY shares were traded.
How to Buy Novabay Pharmaceuticals Stock
Wondering how to invest in Novabay Pharmaceuticals stock? Here's how.
- Choose where to buy Novabay Pharmaceuticals stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Novabay Pharmaceuticals stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Choose your method of payment and add your details.
- Research Novabay Pharmaceuticals stock: The Novabay Pharmaceuticals ticker symbol is NBY. Is Novabay Pharmaceuticals stock a good investment? Should you buy shares of NBY? How do NBY's underlying business fundamentals look? Do top analysts think Novabay Pharmaceuticals is a good buy? Why has NBY's stock price moved recently? (Hint: Our stock research tools can help you decide if NBY is a good stock to buy).
- Execute your NBY buy order: Decide if you will purchase NBY shares at the current market price or use a limit order to buy NBY shares at a particular price.
- Get updates on your NBY investment: Create a watchlist to key updates about your position in Novabay Pharmaceuticals stock.
Step 1: Choose where to buy Novabay Pharmaceuticals stock
You will need a brokerage account in order to access the NYSEMKT market and buy NBY shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal details so you can invest in NBY today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create a new trading account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've finished signing up on investing apps, you need to deposit funds:
Watch the walkthrough below if you need help depositing money into your new brokerage account.
Step 4: Research Novabay Pharmaceuticals stock
After you have figured out the best place to buy Novabay Pharmaceuticals stock, it's absolutely critical to research their stock prior to investing, so you truly understand the risk and upside.
Novabay Pharmaceuticals shares quick numbers
Fundamentals of NBY
WallStreetZen was created to help average investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on NBY's stock page.
Is NBY stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge NBY's true value.
Using relative valuations methods:
- NBY could be undervalued based on its P/B ratio of 0.27x, relative to Biotechnology industry P/B ratio of 5.42x
You can access additional valuation analysis on NBY's stock here.
NBY Financial Health Overview
Signs that NBY is financially healthy:
- There are more short-term assets than long-term liabilities on the NBY balance sheet.
- There are more short-term assets than short-term liabilities on the NBY balance sheet.
Signs that NBY is not financially healthy:
- NBY has cash burn of 5043000. It does not have enough cash and short-term investments to cover this.
- NBY has a relatively high debt to equity ratio of 0.83.
- NBY profit margin has gone down from -64.2% to -107.5% in the past year.
- NBY has $3.47M in cash and short term investments. This is not enough to cover its annual cash burn of $5.04M.
- Total NBY debt is higher than 5 years ago, relative to shareholder equity.
NBY Technical Indicators
Is NBY Growing Revenue?
Last year, NBY revenue was $14.64M. In the past 5 year, NBY's revenue has increased by -0.74% per year. This was slower than the Biotechnology industry average of 37.17%.
Learn more about NBY's earnings and revenue performance here.
Latest Insiders Trades at NBY
Over the past 12 months, insiders at NBY have not bought or sold any shares.
Dig into more about who owns NBY stock here.
Can I get consistent income from NBY stock?
No, Novabay Pharmaceuticals doesn't provide an income stream by paying out dividends.
NBY Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your NBY buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular price, place a limit order.
Hit the Open Trade button and eToro will place your order.
If you require additional help with investing in stocks on eToro, click the how to video below:
Step 6: Get updates on your NBY investment
Now that you own some shares in NBY, you'll want to stay up-to-date on your company.
Create a watchlist to keep track of your NBY stock.
NBY Feed
How to Buy Stock in Novabay Pharmaceuticals
To summarize, here are the 6 steps to buy stock in Novabay Pharmaceuticals:
- Choose where to buy Novabay Pharmaceuticals stock
- Open a brokerage account
- Fund your investment account
- Research Novabay Pharmaceuticals stock
- Execute your NBY buy order
- Get updates on your NBY investment
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Novabay Pharmaceuticals, create a watchlist today.
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