Novabay Pharmaceuticals Inc (NBY) Stock Split History

Novabay Pharmaceuticals Inc has split its stock 3 times since its initial public offering (IPO). The first stock split occurred on December 21, 2015 with the ratio of 1-for-25, meaning that for 25 shares of NBY owned pre-split, shareholders then owned 1 share. 2 more splits have been implemented since then. The most recent stock split took place on May 31, 2024 on a 1-for-35 basis.

These splits have increased NBY stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Novabay Pharmaceuticals Inc's total market capitalization.

For more detailed information of Novabay Pharmaceuticals Inc's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Novabay Pharmaceuticals Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when NBY stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Novabay Pharmaceuticals Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.