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Novanta (NOVT) Stock Price, News & Analysis

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$144.04 +0.08 (+0.06%)
As of 12:13 PM Eastern
This is a fair market value price provided by Massive. Learn more.

About Novanta Stock (NASDAQ:NOVT)

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Key Stats

Today's Range
$143.54
$147.31
50-Day Range
$137.77
$168.75
52-Week Range
$98.27
$176.38
Volume
73,082 shs
Average Volume
459,219 shs
Market Capitalization
$5.45 billion
P/E Ratio
92.32
Dividend Yield
N/A
Price Target
$194.00
Consensus Rating
Buy

Company Overview

Novanta, Inc. (NASDAQ: NOVT) is a global technology company that designs and manufactures precision components, subsystems and software used in advanced photonics and motion control applications. The company serves customers in the medical device and advanced industrial markets, supplying critical technologies for diagnostics and therapeutic systems, semiconductor and electronics manufacturing, and scientific instrumentation. Novanta’s product portfolio includes laser control modules, optics, beam delivery systems, high-precision motors, actuators, stages, and fluidics solutions designed to meet stringent accuracy and reliability requirements.

Novanta’s Photonics segment delivers laser and energy delivery components that enable minimally invasive surgical procedures and diagnostic imaging. Its offerings include beam steering systems for ophthalmic and aesthetic medical lasers, optical assemblies for fluorescence and Raman spectroscopy, and diode bar products for industrial and research laser applications. The Advanced Motion segment provides positioning and motion solutions—from single-axis stages to complex multi-axis subsystems—that support high-throughput semiconductor inspection, precision drilling, and pick-and-place operations.

Headquartered in Bedford, Massachusetts, Novanta operates manufacturing and technology centers across North America, Europe, and Asia. The company maintains an international footprint with design, engineering and production facilities in Germany, Italy, the United Kingdom, China, and Japan, allowing it to collaborate closely with regional customers and respond rapidly to evolving market needs. Novanta’s global supply chain and customer support network ensure consistent product quality and on-time delivery for mission-critical applications.

Since its initial public offering in 2011, Novanta has pursued a combination of organic innovation and strategic acquisitions to expand its technology base and broaden its end-market exposure. The company’s leadership team draws on decades of experience in photonics, precision engineering and healthcare, guiding research and development initiatives as well as customer partnerships. By integrating advanced optics, motion control and fluidics under a unified corporate structure, Novanta aims to accelerate its customers’ product roadmaps and drive next-generation performance across a variety of industries.

AI Generated. May Contain Errors.

Novanta Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
76th Percentile Overall Score

NOVT MarketRank™: 

Novanta scored higher than 76% of companies evaluated by MarketBeat, and ranked 222nd out of 604 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Novanta has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 strong buy rating, 1 buy rating, 1 hold rating, and no sell ratings.

  • Upside Potential

    Novanta has a consensus price target of $194.00, representing about 34.8% upside from its current price of $143.88.

  • Amount of Analyst Coverage

    Novanta has only been the subject of 2 research reports in the past 90 days.

  • Read more about Novanta's stock forecast and price target.
  • Earnings Growth

    Earnings for Novanta are expected to grow by 17.03% in the coming year, from $3.70 to $4.33 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Novanta is 92.37, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 39.22.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Novanta is 92.37, which means that it is trading at a more expensive P/E ratio than the Technology sector average P/E ratio of about 72.69.

  • Price to Book Value per Share Ratio

    Novanta has a P/B Ratio of 3.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Novanta's valuation and earnings.
  • Percentage of Shares Shorted

    12.84% of the float of Novanta has been sold short.
  • Short Interest Ratio / Days to Cover

    Novanta has a short interest ratio ("days to cover") of 10.01, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Novanta has recently decreased by 7.07%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Novanta does not currently pay a dividend.

  • Dividend Growth

    Novanta does not have a long track record of dividend growth.

  • News Sentiment

    Novanta has a news sentiment score of 1.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.84 average news sentiment score of Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 9 news articles for Novanta this week, compared to 4 articles on an average week.
  • Search Interest

    Only 1 people have searched for NOVT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Novanta to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Novanta insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,047,345.00 in company stock.

  • Percentage Held by Insiders

    1.20% of the stock of Novanta is held by insiders.

  • Percentage Held by Institutions

    98.35% of the stock of Novanta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Novanta's insider trading history.
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NOVT Stock News Headlines

Novanta: A Strong Year So Far, Fully Priced In
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Novanta Inc. (NOVT) Q2 2026 Earnings Call Transcript
Novanta: Q2 Earnings Snapshot
See More Headlines

NOVT Stock Analysis - Frequently Asked Questions

Novanta's stock was trading at $118.99 on January 1st, 2026. Since then, NOVT shares have increased by 20.9% and is now trading at $143.88.

Novanta Inc. (NASDAQ:NOVT) posted its quarterly earnings results on Wednesday, August, 5th. The technology company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.06. The company's revenue for the quarter was up 10.3% compared to the same quarter last year.
Read the conference call transcript
.

Novanta's board initiated a stock repurchase program on Thursday, September 18th 2025, which permits the company to repurchase $200,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 4.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Novanta's top institutional shareholders include California State Teachers Retirement System (17.91%), Bamco Inc. NY (2.25%), William Blair Investment Management LLC (2.03%) and Wasatch Advisors LP (2.01%). Insiders that own company stock include Robert Buckley, Matthijs Glastra and Thomas N Secor.
View institutional ownership trends
.

Shares of NOVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Novanta investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

Last Earnings
8/05/2026
Today
8/27/2026
Next Earnings (Estimated)
11/02/2026
Fiscal Year End
12/31/2026

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Electronic Equipment, Instruments & Components
Sub-Industry
Electronic Equipment & Instruments
Current Symbol
NASDAQ:NOVT
Previous Symbol
NASDAQ:GSIG
CIK
1076930
Employees
3,000
Year Founded
1968

Price Target and Rating

High Price Target
$194.00
Low Price Target
$194.00
Potential Upside/Downside
+35.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

EPS (Trailing Twelve Months)
$1.56
Trailing P/E Ratio
92.01
Forward P/E Ratio
38.79
P/E Growth
N/A
Net Income
$53.83 million
Net Margins
6.00%
Pretax Margin
7.74%
Return on Equity
10.83%
Return on Assets
7.53%

Debt

Debt-to-Equity Ratio
0.12
Current Ratio
4.57
Quick Ratio
3.79

Sales & Book Value

Annual Sales
$1.03 billion
Price / Sales
5.27
Cash Flow
$5.25 per share
Price / Cash Flow
27.32
Book Value
$42.74 per share
Price / Book
3.36

Miscellaneous

Outstanding Shares
37,818,000
Free Float
37,364,000
Market Cap
$5.43 billion
Optionable
Optionable
Beta
1.68

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This page (NASDAQ:NOVT) was last updated on 8/27/2026 by MarketBeat.com Staff.
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