NBY - NovaBay Pharm - Missing AnalysisNot even going to say anything on this one. But she's a cranker! If you're still interested in entry (and if she even consolidates at this point), we would look for that high price level to play support as it previous resistance. Not even going to speculate beyond that at this point. The chart speaks for itself.
The company recently announced a one-time special cash divided of $0.80 per Share and the stock has just been soaring since.
NBY
NBY effective against Monkeypox ! 20X Upside Analyst Rating!!!NovaBay Pharmaceuticals, Inc. (NBY) owns Avenova, which is EPA listed as an effective disinfectant for monkeypox.
On 5/20/2022 Ascendiant Capital Markets brokerage set a price target of $4.00 for NovaBay Pharmaceuticals, Inc. (NBY).
The stock is now only 0.20usd.
Before the pandemic news, on their last earnings, they mentioned that Avenova Spray unit sales increased 15% with record-high units sold through the OTC channel.
NovaBay CEO: "we expect the majority of 2022 topline growth to come in the second half of this year."
The stock had only insider buys recently, the average being $0.45.
Only 10.976Mil MARKET CAP
The falling wedge in the chart is a bullish sign.
I think we can expect at least a reversal to the $0.64 resistance.
Looking forward to read your opinion about it.