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S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
Silicon Motion Proves That AI in Motion Stays in Motion
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
Silicon Motion Proves That AI in Motion Stays in Motion
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
Silicon Motion Proves That AI in Motion Stays in Motion
NASDAQ:NOVT

Novanta (NOVT) Stock Price, News & Analysis

$158.78
-2.40 (-1.49%)
(As of 04/16/2024 ET)
Today's Range
$157.64
$160.66
50-Day Range
$155.18
$178.38
52-Week Range
$111.20
$187.60
Volume
148,077 shs
Average Volume
129,157 shs
Market Capitalization
$5.69 billion
P/E Ratio
78.22
Dividend Yield
N/A
Price Target
$161.00

Novanta MarketRank™ Stock Analysis

Analyst Rating
0.00 Rating Score
Upside/​Downside
1.4% Upside
$161.00 Price Target
Short Interest
Bearish
4.80% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$1.85 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.

0.51 out of 5 stars

Computer And Technology Sector

562nd out of 595 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

25th out of 26 stocks

NOVT stock logo

About Novanta Stock (NASDAQ:NOVT)

Novanta Inc., together with its subsidiaries, provides precision medicine and manufacturing, medical solutions, and robotics and automation solutions in the United States and internationally. The company operates through three segments: Precision Medicine and Manufacturing, Medical Solutions, and Robotics and Automation. The Precision Medicine and Manufacturing 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 Medical Solutions 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 Robotics and Automation 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

The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
NOVT Apr 2024 210.000 call
NOVT Apr 2024 185.000 call
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
NOVT Apr 2024 125.000 put
NOVT Mar 2024 150.000 put
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
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/16/2024
Next Earnings (Confirmed)
5/07/2024
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
+1.4%
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
$4.23 per share
Book Value
$18.81 per share

Miscellaneous

Free Float
35,415,000
Market Cap
$5.69 billion
Optionable
Optionable
Beta
1.33
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NOVT Stock Analysis - Frequently Asked Questions

What is Novanta's stock price target for 2024?

0 equities research analysts have issued twelve-month target prices for Novanta's shares. Their NOVT share price targets range from $161.00 to $161.00. On average, they predict the company's stock price to reach $161.00 in the next twelve months. This suggests a possible upside of 1.4% 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 2024?

Novanta's stock was trading at $168.41 at the beginning of the year. Since then, NOVT shares have decreased by 5.7% and is now trading at $158.78.
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 7th 2024.
View our NOVT earnings forecast
.

How can I listen to Novanta's earnings call?

Novanta will be holding an earnings conference call on Tuesday, May 7th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Novanta's earnings last quarter?

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

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

Novanta issued an update on its FY24 earnings guidance on Wednesday, February, 28th. The company provided earnings per share 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 variety of institutional and retail investors. Top institutional shareholders include Rise Advisors LLC (0.00%). 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 4/16/2024 by MarketBeat.com Staff

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