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NIO   5.35 (-7.44%)
AMD   205.36 (+1.34%)
BABA   72.00 (-3.51%)
T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
CGC   3.02 (-5.92%)
GE   161.04 (+1.51%)
DIS   113.69 (+1.55%)
AMC   4.32 (-0.92%)
PFE   25.89 (-2.63%)
PYPL   59.98 (-0.93%)
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NASDAQ:NOVT

Novanta (NOVT) Stock Price, News & Analysis

$176.39
+1.11 (+0.63%)
(As of 05:45 PM ET)
Today's Range
$174.32
$177.76
50-Day Range
$151.59
$175.28
52-Week Range
$111.20
$187.60
Volume
124,008 shs
Average Volume
132,950 shs
Market Capitalization
$6.32 billion
P/E Ratio
86.89
Dividend Yield
N/A
Price Target
$161.00

Novanta MarketRank™ Stock Analysis

Analyst Rating
0.00 Rating Score
Upside/​Downside
8.7% Downside
$161.00 Price Target
Short Interest
Bearish
4.38% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.37mentions of Novanta in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$2.91 M Sold Last Quarter
Proj. Earnings Growth
23.91%
From $3.22 to $3.99 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.65 out of 5 stars

Computer And Technology Sector

560th out of 597 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

24th out of 27 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

NOVT Mar 2024 150.000 put
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Novanta GAAP EPS of $3.02, revenue of $882M
Novanta Q4 2023 Earnings Preview
NOVT Mar 2024 155.000 put
NOVT Mar 2024 210.000 call
How Is The Market Feeling About Novanta?
NOVT Mar 2024 130.000 put
NOVT Mar 2024 140.000 call
NOVT Mar 2024 140.000 put
Novanta Inc
Novanta Inc CFO Robert Buckley Sells 1,500 Shares
Novanta Inc CFO Robert Buckley Sells 6,000 Shares
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
3/04/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry
N/A
Current Symbol
NASDAQ:NOVT
Previous Symbol
NASDAQ:GSIG
Employees
2,900
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
-8.9%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$72.88 million
Pretax Margin
9.50%

Debt

Sales & Book Value

Annual Sales
$881.66 million
Cash Flow
$4.38 per share
Book Value
$18.81 per share

Miscellaneous

Free Float
35,415,000
Market Cap
$6.34 billion
Optionable
Optionable
Beta
1.33
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Key Executives















NOVT Stock Analysis - Frequently Asked Questions

What is Novanta's stock price target for 2024?

0 analysts have issued 1-year price objectives for Novanta's shares. 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 that the stock has a possible downside of 8.7%.
View analysts price targets for NOVT
or view top-rated stocks among Wall Street analysts.

How have NOVT shares performed in 2024?

Novanta's stock was trading at $168.41 at the start of the year. Since then, NOVT stock has increased by 4.7% and is now trading at $176.39.
View the best growth stocks for 2024 here
.

When is Novanta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our NOVT earnings forecast
.

How were Novanta's earnings last quarter?

Novanta Inc. (NASDAQ:NOVT) posted its quarterly earnings data on Wednesday, February, 28th. The technology company reported $0.63 earnings per share for the quarter, hitting analysts' consensus estimates of $0.63. The technology company had revenue of $211.60 million for the quarter, compared to analysts' expectations of $210.90 million. Novanta had a net margin of 8.27% and a trailing twelve-month return on equity of 17.15%. Novanta's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 EPS.

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

Novanta updated its FY24 earnings guidance on Wednesday, February, 28th. The company provided EPS guidance of $3.10-$3.35 for the period, compared to the consensus estimate of $3.22. The company issued revenue guidance of $975-$1.0 billion, compared to the consensus revenue estimate of $934.92 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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.65%), Price T Rowe Associates Inc. MD (5.38%), Conestoga Capital Advisors LLC (3.59%), Neuberger Berman Group LLC (2.61%), Wasatch Advisors LP (2.57%) and Geneva Capital Management LLC (2.18%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:NOVT) was last updated on 3/4/2024 by MarketBeat.com Staff