NASDAQ:NOVT

Novanta - NOVT Stock Forecast, Price & News

$124.00

+3.64 (+3.02%)

(As of 10/4/2022 12:00 AM ET)

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Today's Range: $122.04
▼
$124.35
50-Day Range: $115.65
▼
$157.56
52-Week Range: $110.84
▼
$184.44

Volume: 158,809 shs
Average Volume: 193,274 shs
Market Capitalization: $4.42 billion

P/E Ratio: 69.66
Dividend Yield: N/A
Price Target: N/A

Novanta MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
4.82% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.13
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 19.06%
From $2.99 to $3.56 Per Share

Overall MarketRank^™

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

2.09 out of 5 stars

Computer And Technology Sector

360th out of 648 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

8th out of 24 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Novanta.

3.0

Short Interest

Percentage of Shares Shorted
4.82% 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 5.4.
Change versus previous month
Short interest in Novanta has recently decreased by 4.57%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Novanta does not currently pay a dividend.
Dividend Growth
Novanta does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NOVT.

1.6

News and Social Media Coverage

News Sentiment
Novanta has a news sentiment score of -0.13. 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 is a lower news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Novanta this week, compared to 2 articles on an average week.
MarketBeat Follows
1 people have added Novanta to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Novanta insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.40% of the stock of Novanta is held by insiders.
Percentage Held by Institutions
99.96% of the stock of Novanta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Novanta are expected to grow by 19.06% in the coming year, from $2.99 to $3.56 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Novanta is 69.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of Novanta is 69.66, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 377.62.
Price to Book Value per Share Ratio
Novanta has a P/B Ratio of 8.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Novanta (NASDAQ:NOVT) Stock

Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. The company's Photonics segment offers photonics-based solutions, including laser scanning and 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. It's 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. In addition, its 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, resellers, distributors, and system integrators under the Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, NDSsi, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, Celera Motion, MicroE, Zettlex, Applimotion, 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 founded in 1968 and is headquartered in Bedford, Massachusetts.

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NOVT Stock News Headlines

September 30, 2022 | finance.yahoo.com

Laser Technology Global Market Report 2022 - Yahoo Finance

September 28, 2022 | globenewswire.com

Laser Marking Market by Laser Type, Industry, Offering, Application, Method, Material and Region - Global Forecast to 2027 - GlobeNewswire

September 26, 2022 | finance.yahoo.com

Laser Marking Market by Laser Type, Industry, Offering, Application, Method, Material and Region - Global Forecast to 2027 - Yahoo Finance

September 26, 2022 | globenewswire.com

Laser Technology Market Size is expected to reach at USD - GlobeNewswire

September 25, 2022 | finance.yahoo.com

Novanta Inc. (NOVT)

September 19, 2022 | benzinga.com

Laser Marking Market worth $4.1 Billion USD by 2027, at CAGR of 7.2% - Ucommune International (NASDAQ:UK) - Benzinga

September 10, 2022 | nasdaq.com

At US$135, Is It Time To Put Novanta Inc. (NASDAQ:NOVT) On Your Watch List? - Nasdaq

September 9, 2022 | morningstar.com

Novanta Inc NOVT Stock Chart

September 8, 2022 | globenewswire.com

Laser Technology Market is expected to generate a revenue of USD 24.51 Billion by 2030, Globally, at 5.98% CAGR: Verified Market Research - GlobeNewswire

September 8, 2022 | finance.yahoo.com

Here's What To Make Of Novanta's (NASDAQ:NOVT) Decelerating Rates Of Return

September 3, 2022 | benzinga.com

Novanta (NOVT) – Novanta's Return on Invested Capital Insights - Benzinga

August 26, 2022 | businesswire.com

Laser Processing Markets Report 2022: Aerospace & Defense, Architecture, Automotive, Machine Tools, Medical & Life Sciences, Microelectronics - Global Forecast to 2027 - ResearchAndMarkets.com - Business Wire

August 17, 2022 | finance.yahoo.com

MassRobotics, Festo, Mitsubishi Electric Automation, MITRE and Novanta Join Efforts to Support Healthcare Robotics Startups - Yahoo Finance

August 14, 2022 | seekingalpha.com

Novanta Inc. (NOVT) CEO Matthijs Glastra on Q2 2022 Results - Earnings Call Transcript

August 11, 2022 | finance.yahoo.com

We Ran A Stock Scan For Earnings Growth And Novanta (NASDAQ:NOVT) Passed With Ease

August 9, 2022 | nasdaq.com

Technology Sector Update for 08/09/2022: MU, GFS, NOVT, XLK, SOXX - Nasdaq

August 9, 2022 | seekingalpha.com

Novanta Non-GAAP EPS beats by $0.06, revenue beats by $6.27M, raises FY guidance - Seeking Alpha

August 9, 2022 | businesswire.com

Novanta Announces Financial Results for the Second Quarter 2022 - Business Wire

August 9, 2022 | finance.yahoo.com

Novanta (NOVT) Q2 Earnings and Revenues Beat Estimates

August 9, 2022 | investing.com

Novanta Tops Q2 EPS by 6c By Investing.com - Investing.com

August 9, 2022 | apnews.com

Novanta: Q2 Earnings Snapshot - The Associated Press - en Español

August 9, 2022 | finance.yahoo.com

Novanta Announces Financial Results for the Second Quarter 2022

August 3, 2022 | nasdaq.com

Littelfuse (LFUS) Q2 Earnings and Revenues Top Estimates - Nasdaq

July 25, 2022 | finance.yahoo.com

Novanta (NOVT) Moves 9.6% Higher: Will This Strength Last?

July 25, 2022 | investors.com

Stocks Showing Market Leadership: Novanta Earns 92 RS Rating - Investor's Business Daily

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30 days | 90 days | 365 days | Advanced Chart

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NOVT Company Calendar

Last Earnings: 8/09/2022
Today: 10/04/2022
Next Earnings (Estimated): 11/08/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:NOVT
Previous Symbol: NASDAQ:GSIG
CUSIP: N/A
CIK: 1076930
Web: www.novanta.com
Phone: (781) 266-5700
Fax: 781-266-5114
Employees: 2,700
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $1.78
Trailing P/E Ratio: 69.66
Forward P/E Ratio: 41.47
P/E Growth: N/A
Net Income: $50.33 million
Net Margins: 7.99%
Pretax Margin: 9.27%
Return on Equity: 20.14%
Return on Assets: 8.67%

Debt

Debt-to-Equity Ratio: 0.76
Current Ratio: 2.01
Quick Ratio: 1.24

Sales & Book Value

Annual Sales: $706.79 million
Price / Sales: 6.25
Cash Flow: $4.13 per share
Price / Cash Flow: 29.99
Book Value: $14.64 per share
Price / Book: 8.47

Miscellaneous

Outstanding Shares: 35,643,000
Free Float: 35,144,000
Market Cap: $4.42 billion
Optionable: Optionable
Beta: 1.21

Key Executives

Mr. Matthijs Glastra (Age 53)
CEO & Chairman
Comp: $2.41M

Mr. Robert J. Buckley (Age 48)
Chief Financial Officer
Comp: $1.26M

Mr. Brian S. Young (Age 53)
Chief HR Officer
Comp: $733.88k

Mr. Peter L. Chang (Age 57)
Corp. Controller & Chief Accounting Officer

Ms. Sarah Betadam
Chief Information Officer

Ms. Michele Davis Michele Welsh
Gen. Counsel & Corp. Sec.

Mr. Charlie Webster
Exec. VP of Novanta Growth System & Global Supply Chain

Mr. Chuck Ravetto
Group Pres of Automation Enabling Technologies Group

Mr. Heinrich Dreyer
Group Pres of Vision

Mr. Ray Nash
Corp. Fin. Leader

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NOVT Stock - Frequently Asked Questions

Should I buy or sell Novanta stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Novanta in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NOVT shares.
View NOVT analyst ratings or view top-rated stocks.
How have NOVT shares performed in 2022?: Novanta's stock was trading at $176.33 at the beginning of the year. Since then, NOVT shares have decreased by 29.7% and is now trading at $124.00.
View the best growth stocks for 2022 here.
When is Novanta's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our NOVT earnings forecast.
How were Novanta's earnings last quarter?: Novanta Inc. (NASDAQ:NOVT) released its earnings results on Tuesday, August, 9th. The technology company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. The technology company earned $215.36 million during the quarter, compared to the consensus estimate of $209.07 million. Novanta had a trailing twelve-month return on equity of 20.14% and a net margin of 7.99%. Novanta's revenue for the quarter was up 28.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 earnings per share.
What guidance has Novanta issued on next quarter's earnings?: Novanta issued an update on its third quarter 2022 earnings guidance on Tuesday, September, 13th. The company provided earnings per share (EPS) guidance of $0.71-$0.76 for the period, compared to the consensus estimate of $0.77. The company issued revenue guidance of $214.00 million-$216.00 million, compared to the consensus revenue estimate of $212.96 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).
What is Novanta's stock symbol?: Novanta trades on the NASDAQ under the ticker symbol "NOVT."
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.
What is Novanta's stock price today?: One share of NOVT stock can currently be purchased for approximately $124.00.
How much money does Novanta make?: Novanta (NASDAQ:NOVT) has a market capitalization of $4.42 billion and generates $706.79 million in revenue each year. The technology company earns $50.33 million in net income (profit) each year or $1.78 on an earnings per share basis.
How many employees does Novanta have?: The company employs 2,700 workers across the globe.
How can I contact Novanta?: Novanta's mailing address is 125 Middlesex Turnpike, Bedford MA, 01730. The official website for the company is www.novanta.com. The technology company can be reached via phone at (781) 266-5700, via email at investorrelations@novanta.com, or via fax at 781-266-5114.

This page (NASDAQ:NOVT) was last updated on 10/5/2022 by MarketBeat.com Staff

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Novanta - NOVT Stock Forecast, Price & News

Novanta MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows