HC Wainwright set a $6.00 target price on NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY) in a report published on Wednesday. The brokerage currently has a buy rating on the biopharmaceutical company’s stock.
Other analysts also recently issued reports about the company. Zacks Investment Research upgraded NovaBay Pharmaceuticals from a sell rating to a hold rating in a report on Wednesday, August 16th. Maxim Group reiterated a hold rating on shares of NovaBay Pharmaceuticals in a research note on Friday, August 11th. ValuEngine lowered shares of NovaBay Pharmaceuticals from a hold rating to a sell rating in a research note on Friday, September 1st. Finally, Roth Capital set a $5.00 price target on shares of NovaBay Pharmaceuticals and gave the stock a buy rating in a research note on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $6.33.
NovaBay Pharmaceuticals (NYSEAMERICAN:NBY) opened at $4.60 on Wednesday. NovaBay Pharmaceuticals has a 52-week low of $2.25 and a 52-week high of $5.00.
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About NovaBay Pharmaceuticals
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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