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Novanta Stock Price, News & Analysis (NASDAQ:NOVT)

$151.32
+0.61 (+0.40%)
(As of 10:17 AM ET)
Compare
Today's Range
$150.34
$152.11
50-Day Range
$119.75
$150.71
52-Week Range
$111.20
$187.60
Volume
10,420 shs
Average Volume
142,455 shs
Market Capitalization
$5.42 billion
P/E Ratio
72.06
Dividend Yield
N/A
Price Target
$161.00

Novanta MarketRank™ Stock Analysis

Analyst Rating
0.00 Rating Score
Upside/​Downside
6.8% Upside
$161.00 Price Target
Short Interest
Bearish
4.78% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.72mentions of Novanta in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$706,185 Sold Last Quarter
Proj. Earnings Growth
5.96%
From $3.02 to $3.20 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.33 out of 5 stars

Computer And Technology Sector

558th out of 595 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

24th out of 26 stocks


NOVT stock logo

About Novanta Stock (NASDAQ:NOVT)

Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion in the United States and internationally. The company operates through three segments: Photonics, Vision, and Precision Motion. The Photonics segment offers photonics-based solutions, including laser scanning, beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products serving photonics-based applications for industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. The Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless technologies, video recorders, and video integration technologies for operating room integrations; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions. The Precision Motion segment offers optical and inductive encoders, precision motors, servo drives and motion control solutions, integrated stepper motors, intelligent robotic end-of-arm technology solutions, air bearings, and air bearing spindles. The company sells its products through its direct sales force and distributors under the Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, General Scanning, ATI Industrial Automation, Celera Motion, IMS, MicroE, Applimotion, Zettlex, Ingenia, and Westwind brands. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was incorporated in 1968 and is headquartered in Bedford, Massachusetts.

NOVT Stock Price History

NOVT Stock News Headlines

Novanta: An Interesting But Expensive Hidden Gem
Here’s Why Novanta (NOVT) Pulled Back in Q3
Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.
Novanta To Acquire Motion Solutions For $189 Mln
Novanta announces agreement to acquire Motion Solutions
Novanta Shares Sink 16% After Lowering FY23 Guidance
Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.
Implied Volatility Surging for Novanta (NOVT) Stock Options
Reasons for the Outperformance of Novanta (NOVT)
See More Headlines
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Company Calendar

Last Earnings
11/07/2023
Today
12/07/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/06/2024

Industry, Sector and Symbol

Industry
Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry
N/A
Current Symbol
NASDAQ:NOVT
Previous Symbol
NASDAQ:GSIG
Employees
3,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$161.00
High Stock Price Target
$161.00
Low Stock Price Target
$161.00
Potential Upside/Downside
+6.4%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$74.05 million
Pretax Margin
9.79%

Debt

Sales & Book Value

Annual Sales
$860.90 million
Cash Flow
$4.69 per share
Book Value
$16.18 per share

Miscellaneous

Free Float
35,380,000
Market Cap
$5.42 billion
Optionable
Optionable
Beta
1.26
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Key Executives















NOVT Stock Analysis - Frequently Asked Questions

What is Novanta's stock price target for 2024?

0 brokerages have issued 1-year price targets for Novanta's stock. Their NOVT share price targets range from $161.00 to $161.00. On average, they anticipate the company's stock price to reach $161.00 in the next year. This suggests a possible upside of 6.8% from the stock's current price.
View analysts price targets for NOVT
or view top-rated stocks among Wall Street analysts.

How have NOVT shares performed in 2023?

Novanta's stock was trading at $135.87 on January 1st, 2023. Since then, NOVT shares have increased by 10.9% and is now trading at $150.71.
View the best growth stocks for 2023 here
.

When is Novanta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our NOVT earnings forecast
.

How were Novanta's earnings last quarter?

Novanta Inc. (NASDAQ:NOVT) released its quarterly earnings data on Tuesday, November, 7th. The technology company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. The technology company earned $221.50 million during the quarter, compared to the consensus estimate of $223.18 million. Novanta had a net margin of 8.51% and a trailing twelve-month return on equity of 18.54%. The business's revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $0.81 EPS.

What guidance has Novanta issued on next quarter's earnings?

Novanta updated its fourth quarter earnings guidance on Tuesday, November, 7th. The company provided EPS guidance of $0.59-0.66 for the period, compared to the consensus estimate of $0.80. The company issued revenue guidance of $208-212 million, compared to the consensus revenue estimate of $227.56 million.

What is Matthijs Glastra's approval rating as Novanta's CEO?

44 employees have rated Novanta Chief Executive Officer Matthijs Glastra on Glassdoor.com. Matthijs Glastra has an approval rating of 87% among the company's employees.

What other stocks do shareholders of Novanta own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Novanta investors own include NVIDIA (NVDA), Alibaba Group (BABA), Gilead Sciences (GILD), Intuitive Surgical (ISRG), Lam Research (LRCX), Altria Group (MO), AT&T (T), Abiomed (ABMD), Advanced Micro Devices (AMD) and Broadcom (AVGO).

Who are Novanta's major shareholders?

Novanta's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Conestoga Capital Advisors LLC (3.57%), William Blair Investment Management LLC (2.71%), JPMorgan Chase & Co. (2.32%), Allspring Global Investments Holdings LLC (2.15%), Invesco Ltd. (1.86%) and Artisan Partners Limited Partnership (1.85%). Insiders that own company stock include Brian S Young, Matthijs Glastra, Robert Buckley and Thomas N Secor.
View institutional ownership trends
.

How do I buy shares of Novanta?

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

This page (NASDAQ:NOVT) was last updated on 12/7/2023 by MarketBeat.com Staff

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