NASDAQ:NOVT Novanta - NOVT Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Novanta Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $159.09 +3.85 (+2.48%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$155.30▼$159.6350-Day Range$143.54▼$170.5852-Week Range$110.84▼$173.10Volume121,265 shsAverage Volume138,318 shsMarket Capitalization$5.69 billionP/E Ratio76.86Dividend YieldN/APrice TargetN/A ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Novanta MarketRank™ ForecastAnalyst RatingN/AUpside/DownsideN/AShort InterestBearish4.17% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.68Based on 3 Articles This WeekInsider TradingSelling Shares$3.57 M Sold Last QuarterProj. Earnings Growth15.58%From $3.08 to $3.56 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.15 out of 5 starsComputer And Technology Sector323rd out of 618 stocksMiscellaneous Electrical Machinery, Equipment, & Supplies Industry10th out of 24 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for Novanta. Previous Next 1.0 Short Interest Percentage of Shares Shorted4.17% of the outstanding shares of Novanta have been sold short.Short Interest Ratio / Days to CoverNovanta has a short interest ratio ("days to cover") of 12.2, which indicates bearish sentiment.Change versus previous monthShort interest in Novanta has recently increased by 3.47%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldNovanta does not currently pay a dividend.Dividend GrowthNovanta does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NOVT. Previous Next 3.2 News and Social Media Coverage News SentimentNovanta has a news sentiment score of 0.68. 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 higher news sentiment than the 0.44 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Novanta this week, compared to 2 articles on an average week.Search Interest34 people have searched for NOVT on MarketBeat in the last 30 days. This is an increase of 162% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Novanta insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,567,528.00 in company stock.Percentage Held by InsidersOnly 1.40% of the stock of Novanta is held by insiders.Percentage Held by Institutions97.55% of the stock of Novanta is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Novanta are expected to grow by 15.58% in the coming year, from $3.08 to $3.56 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Novanta is 76.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.98.Price to Earnings Ratio vs. SectorThe P/E ratio of Novanta is 76.86, 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 292.73.Price to Book Value per Share RatioNovanta has a P/B Ratio of 9.83. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Novanta (NASDAQ:NOVT) StockNovanta, Inc. engages in the provision of core technology solutions to healthcare and advanced industrial original equipment manufacturers. It operates through the following segments: Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products. The Vision segment offers a range of medical grade technologies, including medical insufflators, pumps and related disposables, surgical displays and operating room integration technologies, optical data collection and machine vision technologies, radio frequency identification technologies, thermal printers, spectrometry technologies, and embedded touch screen solutions. The Precision Motion segment includes optical encoders, precision motor and motion control technology, air bearing spindles, and precision machined components to customers. The company was founded in 1968 and is headquartered in Bedford, MA.Read More Receive NOVT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Novanta and its competitors with MarketBeat's FREE daily newsletter. Email Address NOVT Stock News HeadlinesMarch 20, 2023 | finance.yahoo.comNovanta Inc.'s (NASDAQ:NOVT) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?March 1, 2023 | finance.yahoo.comNovanta Announces Financial Results for the Fourth Quarter and Full Year 2022April 1, 2023 | Legacy Research (Affiliate) (Ad)Sell every Stock except ONE Markets are down...But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month...February 15, 2023 | finance.yahoo.comReturns On Capital At Novanta (NASDAQ:NOVT) Have StalledFebruary 1, 2023 | finance.yahoo.comNovanta Inc. Schedules Earnings Release and Conference Call for Wednesday, March 1, 2023January 18, 2023 | finance.yahoo.comHere's Why We Think Novanta (NASDAQ:NOVT) Is Well Worth WatchingDecember 13, 2022 | finance.yahoo.comNovanta to Present at the CJS Securities 23rd Annual New Ideas for the New Year Investor Conference on Wednesday, January 11, 2023December 12, 2022 | finance.yahoo.comNovanta to Present at the J.P. Morgan Healthcare Conference on Tuesday, January 10, 2023April 1, 2023 | Legacy Research (Affiliate) (Ad)Sell every Stock except ONE Markets are down...But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month...November 24, 2022 | finance.yahoo.comThose who invested in Novanta (NASDAQ:NOVT) five years ago are up 221%November 10, 2022 | finance.yahoo.comNovanta Third Quarter 2022 Earnings: Beats ExpectationsNovember 8, 2022 | finance.yahoo.comNovanta Announces Financial Results for the Third Quarter 2022October 26, 2022 | finance.yahoo.comIs Novanta Inc. (NASDAQ:NOVT) Worth US$136 Based On Its Intrinsic Value?October 20, 2022 | businesswire.comCelera Motion Introduces World's Smallest, Fastest Servo Drive - Business WireOctober 14, 2022 | finance.yahoo.comMotion Control Market by Offering, System, Industry and Region - Global Forecast to 2027 - Yahoo FinanceOctober 13, 2022 | finance.yahoo.comNovanta to Present at the Baird 2022 Global Industrial Conference on Wednesday, November 9, 2022October 13, 2022 | finance.yahoo.comNovanta Inc. (NASDAQ:NOVT) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap? - Yahoo FinanceOctober 11, 2022 | finance.yahoo.comNovanta Inc. (NASDAQ:NOVT) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?October 10, 2022 | benzinga.comNovanta Inc. Schedules Earnings Release and Conference Call for Tuesday, November 8, 2022 - Novanta (NASD - BenzingaOctober 10, 2022 | finance.yahoo.comNovanta Inc. Schedules Earnings Release and Conference Call for Tuesday, November 8, 2022September 30, 2022 | finance.yahoo.comLaser Technology Global Market Report 2022 - Yahoo FinanceSeptember 28, 2022 | globenewswire.comLaser Marking Market by Laser Type, Industry, Offering, Application, Method, Material and Region - Global Forecast to 2027 - GlobeNewswireSeptember 26, 2022 | finance.yahoo.comLaser Marking Market by Laser Type, Industry, Offering, Application, Method, Material and Region - Global Forecast to 2027 - Yahoo FinanceSeptember 26, 2022 | globenewswire.comLaser Technology Market Size is expected to reach at USD - GlobeNewswireSeptember 25, 2022 | finance.yahoo.comNovanta Inc. (NOVT)September 19, 2022 | benzinga.comLaser Marking Market worth $4.1 Billion USD by 2027, at CAGR of 7.2% - Ucommune International (NASDAQ:UK) - BenzingaSeptember 10, 2022 | nasdaq.comAt US$135, Is It Time To Put Novanta Inc. (NASDAQ:NOVT) On Your Watch List? - NasdaqSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive NOVT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Novanta and its competitors with MarketBeat's FREE daily newsletter. Email Address NOVT Company Calendar Last Earnings3/01/2023Today4/01/2023Next Earnings (Estimated)5/09/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Miscellaneous electrical machinery, equipment, & supplies Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:NOVT Previous SymbolNASDAQ:GSIG CUSIPN/A CIK1076930 Webwww.novanta.com Phone(781) 266-5700Fax781-266-5114Employees3,000Year FoundedN/AProfitability EPS (Most Recent Fiscal Year)$2.07 Trailing P/E Ratio76.86 Forward P/E Ratio51.65 P/E GrowthN/ANet Income$74.05 million Net Margins8.60% Pretax Margin10.12% Return on Equity20.18% Return on Assets9.08% Debt Debt-to-Equity Ratio0.75 Current Ratio2.56 Quick Ratio1.53 Sales & Book Value Annual Sales$860.90 million Price / Sales6.60 Cash Flow$4.78 per share Price / Cash Flow33.31 Book Value$16.18 per share Price / Book9.83Miscellaneous Outstanding Shares35,740,000Free Float35,241,000Market Cap$5.69 billion OptionableOptionable Beta1.31 Key ExecutivesMatthijs GlastraChairman & Chief Executive OfficerRobert John BuckleyChief Financial OfficerSarah BetadamChief Information OfficerCharlie WebsterEVP-Novanta Growth System & Global Supply ChainAnna FainVice President-Leadership Development & DiversityKey CompetitorsWatts Water TechnologiesNYSE:WTSWix.comNASDAQ:WIXSilicon LaboratoriesNASDAQ:SLABMobile TeleSystems Public Joint StockNYSE:MBTPLDTNYSE:PHIView All CompetitorsInsiders & InstitutionsMetropolitan Life Insurance Co. NYBought 72 shares on 3/31/2023Ownership: 0.006%Trust Investment AdvisorsBought 2,314 shares on 2/28/2023Ownership: 0.006%Teachers Retirement System of The State of KentuckyBought 10,351 shares on 2/22/2023Ownership: 0.045%Macquarie Group Ltd.Bought 53,523 shares on 2/21/2023Ownership: 1.928%Northwestern Mutual Investment Management Company LLCSold 1,845 shares on 2/21/2023Ownership: 0.009%View All Insider TransactionsView 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 year. 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 2023? Novanta's stock was trading at $135.87 at the beginning of the year. Since then, NOVT shares have increased by 17.1% and is now trading at $159.09. View the best growth stocks for 2023 here. When is Novanta's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023. View our NOVT earnings forecast. How were Novanta's earnings last quarter? Novanta Inc. (NASDAQ:NOVT) issued its quarterly earnings results on Wednesday, March, 1st. The technology company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.06. The technology company had revenue of $218.37 million for the quarter, compared to analysts' expectations of $215.57 million. Novanta had a trailing twelve-month return on equity of 20.18% and a net margin of 8.60%. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 EPS. What ETFs hold Novanta's stock? ETFs with the largest weight of Novanta (NASDAQ:NOVT) stock in their portfolio include Innovator Loup Frontier Tech ETF (LOUP), Goldman Sachs Future Health Care Equity ETF (GDOC), ROBO Global Robotics & Automation ETF (ROBO), ROBO Global Healthcare Technology and Innovation ETF (HTEC), Franklin U.S. Small Cap Multifactor Index ETF (FLQS), Nuveen ESG Small-Cap ETF (NUSC), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG). What guidance has Novanta issued on next quarter's earnings? Novanta updated its first quarter 2023 earnings guidance on Wednesday, March, 1st. The company provided earnings per share guidance of $0.64-$0.65 for the period, compared to the consensus estimate of $0.74. The company issued revenue guidance of $210.00 million-$212.00 million, compared to the consensus revenue estimate of $217.55 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 $159.09. How much money does Novanta make? Novanta (NASDAQ:NOVT) has a market capitalization of $5.69 billion and generates $860.90 million in revenue each year. The technology company earns $74.05 million in net income (profit) each year or $2.07 on an earnings per share basis. How many employees does Novanta have? The company employs 3,000 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 4/1/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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