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NASDAQ:NOVT

Novanta (NOVT) Stock Price, News & Analysis

$185.16
+2.76 (+1.51%)
(As of 07/26/2024 ET)
Today's Range
$183.14
$187.00
50-Day Range
$157.79
$186.20
52-Week Range
$111.20
$187.12
Volume
137,567 shs
Average Volume
177,531 shs
Market Capitalization
$6.65 billion
P/E Ratio
95.94
Dividend Yield
N/A
Price Target
N/A

Novanta MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
4.37% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.08mentions of Novanta in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$1.27 M Sold Last Quarter
Proj. Earnings Growth
23.01%
From $3.26 to $4.01 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.

2.59 out of 5 stars

Computer And Technology Sector

385th out of 612 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

21st out of 28 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

Prepare for a Recession Unlike Any Other
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
Novanta Inc. Q1 Profit Decreases, but beats estimates
Prepare for a Recession Unlike Any Other
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
Novanta Q1 2024 Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
7/27/2024
Next Earnings (Confirmed)
8/06/2024
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

Profitability

Net Income
$72.88 million
Pretax Margin
9.06%

Debt

Sales & Book Value

Annual Sales
$881.66 million
Cash Flow
$4.42 per share
Book Value
$18.81 per share

Miscellaneous

Free Float
35,463,000
Market Cap
$6.65 billion
Optionable
Optionable
Beta
1.31
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NOVT Stock Analysis - Frequently Asked Questions

How have NOVT shares performed this year?

Novanta's stock was trading at $168.41 on January 1st, 2024. Since then, NOVT stock has increased by 9.9% and is now trading at $185.16.
View the best growth stocks for 2024 here
.

How were Novanta's earnings last quarter?

Novanta Inc. (NASDAQ:NOVT) released its quarterly earnings results on Tuesday, May, 7th. The technology company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.17. Novanta's quarterly revenue was up 5.4% compared to the same quarter last year.

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.

Who are Novanta's major shareholders?

Novanta's top institutional investors include Conestoga Capital Advisors LLC (3.71%), Allspring Global Investments Holdings LLC (1.85%), Bank of New York Mellon Corp (0.98%) and Raymond James & Associates (0.14%). Insiders that own company stock include Robert Buckley, Brian S Young, Matthijs Glastra 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.

What other stocks do shareholders of Novanta own?

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

This page (NASDAQ:NOVT) was last updated on 7/27/2024 by MarketBeat.com Staff

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