NOVT vs. NVMI, SQSP, BILL, DJT, TKC, BMI, G, CRUS, SMAR, and CLS
Should you be buying Novanta stock or one of its competitors? The main competitors of Novanta include Nova (NVMI), Squarespace (SQSP), BILL (BILL), Trump Media & Technology Group (DJT), Turkcell Iletisim Hizmetleri A.S. (TKC), Badger Meter (BMI), Genpact (G), Cirrus Logic (CRUS), Smartsheet (SMAR), and Celestica (CLS). These companies are all part of the "computer and technology" sector.
Novanta (NASDAQ:NOVT) and Nova (NASDAQ:NVMI) are both mid-cap computer and technology companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, earnings, media sentiment, dividends, community ranking, analyst recommendations, valuation, risk and profitability.
Nova has a consensus target price of $221.25, suggesting a potential upside of 0.98%. Given Nova's higher probable upside, analysts plainly believe Nova is more favorable than Novanta.
Nova received 142 more outperform votes than Novanta when rated by MarketBeat users. Likewise, 74.41% of users gave Nova an outperform vote while only 72.14% of users gave Novanta an outperform vote.
98.4% of Novanta shares are owned by institutional investors. Comparatively, 83.0% of Nova shares are owned by institutional investors. 1.2% of Novanta shares are owned by company insiders. Comparatively, 1.0% of Nova shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Novanta has a beta of 1.35, meaning that its share price is 35% more volatile than the S&P 500. Comparatively, Nova has a beta of 1.4, meaning that its share price is 40% more volatile than the S&P 500.
Nova has lower revenue, but higher earnings than Novanta. Nova is trading at a lower price-to-earnings ratio than Novanta, indicating that it is currently the more affordable of the two stocks.
In the previous week, Nova had 2 more articles in the media than Novanta. MarketBeat recorded 6 mentions for Nova and 4 mentions for Novanta. Novanta's average media sentiment score of 1.72 beat Nova's score of 1.12 indicating that Novanta is being referred to more favorably in the media.
Nova has a net margin of 26.26% compared to Novanta's net margin of 7.76%. Nova's return on equity of 19.89% beat Novanta's return on equity.
Summary
Nova beats Novanta on 12 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding NOVT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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