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NASDAQ:NOVT

Novanta - NOVT Stock Forecast, Price & News

$120.14
+0.16 (+0.13%)
(As of 09/26/2022 12:00 AM ET)
Add
Compare
Today's Range
$119.29
$121.99
50-Day Range
$119.98
$157.56
52-Week Range
$110.84
$184.44
Volume
144,443 shs
Average Volume
193,796 shs
Market Capitalization
$4.28 billion
P/E Ratio
67.49
Dividend Yield
N/A
Price Target
N/A

Novanta MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
5.05% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.11mentions of Novanta in the last 14 days
Based on 5 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.

2.20 out of 5 stars

Computer And Technology Sector

394th out of 629 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

10th out of 24 stocks

NOVT stock logo

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

Novanta Inc. (NOVT)
Novanta Inc NOVT Stock Chart
Novanta (NOVT) Q2 Earnings and Revenues Beat Estimates
See More Headlines
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NOVT Company Calendar

Last Earnings
8/09/2022
Today
9/26/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry
N/A
Current Symbol
NASDAQ:NOVT
Previous Symbol
NASDAQ:GSIG
Employees
2,700
Year Founded
N/A

Profitability

Net Income
$50.33 million
Pretax Margin
9.27%

Debt

Sales & Book Value

Annual Sales
$706.79 million
Cash Flow
$3.86 per share
Book Value
$14.64 per share

Miscellaneous

Free Float
35,144,000
Market Cap
$4.28 billion
Optionable
Optionable
Beta
1.19

Key Executives

  • Mr. Matthijs  GlastraMr. Matthijs Glastra (Age 53)
    CEO & Chairman
    Comp: $2.41M
  • Mr. Robert J. BuckleyMr. Robert J. Buckley (Age 48)
    Chief Financial Officer
    Comp: $1.26M
  • Mr. Brian S. YoungMr. Brian S. Young (Age 53)
    Chief HR Officer
    Comp: $733.88k
  • Mr. Peter L. ChangMr. 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













NOVT Stock - Frequently Asked Questions

Should I buy or sell Novanta stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Novanta in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street 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 31.9% and is now trading at $120.14.
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) issued its quarterly earnings data on Tuesday, August, 9th. The technology company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. The technology company had revenue of $215.36 million for the quarter, compared to analyst estimates of $209.07 million. Novanta had a net margin of 7.99% and a trailing twelve-month return on equity of 20.14%. The firm's revenue was up 28.6% compared to the same quarter last year. 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 updated 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."

Who are Novanta's major shareholders?

Novanta's stock is owned by many different retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (5.86%), Conestoga Capital Advisors LLC (4.00%), Artisan Partners Limited Partnership (2.83%), Allspring Global Investments Holdings LLC (2.78%), William Blair Investment Management LLC (2.75%) and JPMorgan Chase & Co. (2.56%). Insiders that own company stock include Brian S Young, Matthijs Glastra, Peter L Chang, Robert Buckley and Stephen W Bershad.
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 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 $120.14.

How much money does Novanta make?

Novanta (NASDAQ:NOVT) has a market capitalization of $4.28 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 9/26/2022 by MarketBeat.com Staff

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