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NASDAQ:NOVT - Novanta Stock Price, Forecast & News

$76.79
-3.46 (-4.31 %)
(As of 03/30/2020 09:06 AM ET)
Today's Range
$75.08
Now: $76.79
$79.73
50-Day Range
$69.38
MA: $87.44
$98.60
52-Week Range
$66.44
Now: $76.79
$99.79
Volume195,348 shs
Average Volume183,699 shs
Market Capitalization$2.69 billion
P/E Ratio66.77
Dividend YieldN/A
Beta1.4
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 laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products for photonics-based applications, such as industrial material processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. Its Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless imaging and operating room integration technologies; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions. The company's Precision Motion segment offers optical and inductive encoders, precision motors, motion control sub-assemblies, air bearings, air bearing spindles, and precision machined components. It sells its products through its direct sales force, resellers, distributors, and system integrators under the Cambridge Technology, Lincoln Laser, ExoTec Precision, Synrad, Laser Quantum, WOM, NDS, NDSsi, Reach Technology, JADAK, ThingMagic, Photo Research, General Scanning, Celera Motion, MicroE, Applimotion, Zettlex, 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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Industry, Sector and Symbol

Industry Miscellaneous electrical machinery, equipment, & supplies
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:NOVT
Previous SymbolNASDAQ:GSIG
CUSIPN/A
Phone781-266-5700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$626.10 million
Cash Flow$3.26 per share
Book Value$11.89 per share

Profitability

Net Income$40.77 million

Miscellaneous

Employees2,290
Market Cap$2.69 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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Novanta (NASDAQ:NOVT) Frequently Asked Questions

How has Novanta's stock been impacted by COVID-19 (Coronavirus)?

Novanta's stock was trading at $79.04 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NOVT shares have decreased by 2.8% and is now trading at $76.79. View which stocks have been mosted impacted by Coronavirus.

When is Novanta's next earnings date?

Novanta is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Novanta.

How were Novanta's earnings last quarter?

Novanta Inc (NASDAQ:NOVT) announced its quarterly earnings data on Wednesday, February, 26th. The technology company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. The technology company earned $159.70 million during the quarter, compared to the consensus estimate of $157.08 million. Novanta had a net margin of 6.51% and a return on equity of 19.27%. The firm's revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 EPS. View Novanta's earnings history.

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

Novanta issued an update on its first quarter earnings guidance on Wednesday, February, 26th. The company provided earnings per share (EPS) guidance of $0.34-0.42 for the period, compared to the Thomson Reuters consensus estimate of $0.52. The company issued revenue guidance of ~$144-154 million, compared to the consensus revenue estimate of $152.95 million.

Has Novanta been receiving favorable news coverage?

News headlines about NOVT stock have trended somewhat negative this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Novanta earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutNovanta.

Are investors shorting Novanta?

Novanta saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 514,300 shares, an increase of 5.5% from the February 27th total of 487,700 shares. Based on an average daily trading volume, of 125,800 shares, the days-to-cover ratio is presently 4.1 days. Approximately 1.5% of the company's stock are sold short. View Novanta's Current Options Chain.

Who are some of Novanta's key competitors?

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), Intuitive Surgical (ISRG), Broadcom (AVGO), Gilead Sciences (GILD), Netflix (NFLX), Arista Networks (ANET), Palo Alto Networks (PANW), Splunk (SPLK) and Weibo (WB).

Who are Novanta's key executives?

Novanta's management team includes the following people:
  • Mr. Matthijs Glastra, CEO & Director (Age 50)
  • Mr. Robert J. Buckley, Chief Financial Officer (Age 45)
  • Mr. Brian S. Young, Chief HR Officer (Age 50)
  • Mr. Peter L. Chang, VP, Corp. Controller & Chief Accounting Officer (Age 54)
  • Mr. Heinrich Dreyer, Group Pres of Minimally Invasive Surgery

What is Novanta's stock symbol?

Novanta trades on the NASDAQ under the ticker symbol "NOVT."

Who are Novanta's major shareholders?

Novanta's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (5.30%), William Blair Investment Management LLC (2.90%), Artisan Partners Limited Partnership (2.83%), Conestoga Capital Advisors LLC (2.73%), Janus Henderson Group PLC (2.06%) and Paradice Investment Management LLC (2.00%). Company insiders that own Novanta stock include Matthijs Glastra, Peter L Chang, Robert Buckley and Stephen W Bershad. View institutional ownership trends for Novanta.

Which institutional investors are selling Novanta stock?

NOVT stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Goldman Sachs Group Inc., Fred Alger Management LLC, AXA, Westwood Holdings Group Inc., Alliancebernstein L.P., PNC Financial Services Group Inc., and Nuveen Asset Management LLC. Company insiders that have sold Novanta company stock in the last year include Matthijs Glastra, Robert Buckley, and Stephen W Bershad. View insider buying and selling activity for Novanta.

Which institutional investors are buying Novanta stock?

NOVT stock was acquired by a variety of institutional investors in the last quarter, including Eventide Asset Management LLC, Norges Bank, Conestoga Capital Advisors LLC, William Blair Investment Management LLC, Artisan Partners Limited Partnership, GW&K Investment Management LLC, Sei Investments Co., and Geode Capital Management LLC. View insider buying and selling activity for Novanta.

How do I buy shares of Novanta?

Shares of NOVT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Novanta's stock price today?

One share of NOVT stock can currently be purchased for approximately $76.79.

How big of a company is Novanta?

Novanta has a market capitalization of $2.69 billion and generates $626.10 million in revenue each year. The technology company earns $40.77 million in net income (profit) each year or $2.14 on an earnings per share basis. Novanta employs 2,290 workers across the globe. View additional information about Novanta.

What is Novanta's official website?

The official website for Novanta is http://www.novanta.com/.

How can I contact Novanta?

Novanta's mailing address is 125 Middlesex Turnpike, Bedford MA, 01730. The technology company can be reached via phone at 781-266-5700 or via email at [email protected]


MarketBeat Community Rating for Novanta (NASDAQ NOVT)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  279 (Vote Outperform)
Underperform Votes:  186 (Vote Underperform)
Total Votes:  465
MarketBeat's community ratings are surveys of what our community members think about Novanta and other stocks. Vote "Outperform" if you believe NOVT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NOVT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/30/2020 by MarketBeat.com Staff

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