Volatility Marks NovaBay Pharmaceuticals’ Stock Amid Strategic Uncertainty NovaBay Pharmaceuticals shares have shown significant volatility, rising 2.04% to $0.60 on April 17, 2025, while trading volume dropped. Despite short-term buy signals, analysts warn of a likely downward trend over the next three months, with the stock potentially falling as much as 20%. Uncertainty persists as the company explores strategic alternatives.12