9. NovaBay Pharmaceuticals ( NBY) is developing product candidates to treat and prevent a range of infections in hospital and non-hospital environments. NovaBay's second-quarter loss widened to $1.2 million, or 5 cents a share, even though revenue grew 8.1% to $2.6 million. The operating margin fell further into negative territory. NovaBay's stock trades at a book value multiple of 4, a 23% discount to the pharmaceutical industry average. All three analysts following NovaBay advise purchasing its shares. A median target of $3.60 suggests a 102% return.

Bullish Scenario: Griffin Securities expects NovaBay's stock to more than quintuple to $9.

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