Novanta (NOVT) Stock Price, News & Analysis

Company Overview

Novanta develops and manufactures precision technologies used in medical and advanced industrial applications. Its products include photonics and laser components, precision motion-control systems, machine-vision technologies, and related equipment and software.

The company’s technologies are used in areas such as medical and surgical systems, life sciences, robotics, and industrial automation. Novanta serves customers internationally, with operations and customers across North America, Europe, and Asia.

Novanta was formerly known as GSI Group and adopted the Novanta name in 2016. Its business combines specialized technology companies whose products are incorporated into equipment made by other manufacturers.

Key Stats

• Today's Range: $113.13 to $121.44
• 50-Day Range: $117.42 to $151.18
• 52-Week Range: $98.27 to $176.38
• Volume: 606,606 shs
• Average Volume: 455,899 shs
• Market Capitalization: $4.50 billion
• P/E Ratio: 90.75
• Dividend Yield: N/A
• Price Target: $175.00
• Consensus Rating: Hold

Novanta Stock Analysis - MarketRank™

Novanta scored higher than 52% of companies evaluated by MarketBeat, and ranked 332nd out of 592 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Hold

Consensus Rating

Novanta has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no strong buy ratings, 1 buy rating, 1 hold rating, and 1 sell rating.

Upside Potential

Novanta has a consensus price target of $175.00, representing about 47.2% upside from its current price of $118.88.

Amount of Analyst Coverage

Novanta has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 17.03%

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 90.75, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 26.41.

Price to Earnings Ratio vs. Sector

The P/E ratio of Novanta is 90.75, which means that it is trading at a more expensive P/E ratio than the Technology sector average P/E ratio of about 44.70.

Price to Book Value per Share Ratio

Novanta has a P/B Ratio of 2.77. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

14.05% 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 14.83, which indicates bearish sentiment.

Change versus previous month

Short interest in Novanta has recently increased by 0.16%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Novanta does not currently pay a dividend.

Dividend Growth

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

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.53

News Sentiment

Novanta has a news sentiment score of 0.53. 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 news sentiment score is similar to the average news sentiment of Technology companies.

News Coverage This Week

MarketBeat has tracked 22 news articles for Novanta this week, compared to 3 articles on an average week.

Search Interest

Only 3 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

2 people have added Novanta to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Novanta insiders have not sold or bought any 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.

Company Calendar

• Last Earnings: 11/09/2026
• Today: 11/13/2026
• Jefferies Global Healthcare Conference: 11/18/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Technology
• Industry: Electronic Equipment, Instruments & Components
• Sub-Industry: Electronic Equipment & Instruments
• Current Symbol: NASDAQ:NOVT
• Previous Symbol: NASDAQ:GSIG
• CIK: 1076930
• Web: www.novanta.com
• Phone: (781) 266-5618
• Fax: 781-266-5114
• Employees: 3,000
• Year Founded: 1968

Price Target and Rating

• Average Price Target for Novanta: $175.00
• High Price Target: $175.00
• Low Price Target: $175.00
• Potential Upside/Downside: +47.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.31
• Trailing P/E Ratio: 90.75
• Forward P/E Ratio: 27.45
• P/E Growth: N/A
• Net Income: $53.83 million
• Net Margins: 4.89%
• Pretax Margin: 6.47%
• Return on Equity: 10.23%
• Return on Assets: 6.73%

Debt

• Debt-to-Equity Ratio: 0.48
• Current Ratio: 1.18
• Quick Ratio: 3.79

Sales & Book Value

• Annual Sales: $980.60 million
• Price / Sales: 4.58
• Cash Flow: $4.93 per share
• Price / Cash Flow: 24.13
• Book Value: $42.95 per share
• Price / Book: 2.77

Miscellaneous

• Outstanding Shares: 37,820,000
• Free Float: 37,368,000
• Market Cap: $4.50 billion
• Optionable: Optionable
• Beta: 1.71