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 Daily Premium 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. $160.77 -0.63 (-0.39%) (As of 01/27/2023 08:55 PM ET) Add Compare Share Share Today's Range$159.60▼$162.1550-Day Range$133.09▼$161.4052-Week Range$110.84▼$162.48Volume73,600 shsAverage Volume95,189 shsMarket Capitalization$5.74 billionP/E Ratio79.20Dividend YieldN/APrice TargetN/A ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Novanta MarketRank™ ForecastAnalyst RatingN/AUpside/DownsideN/AShort InterestBearish4.47% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.60Based on 7 Articles This WeekInsider TradingSelling Shares$7.01 M Sold Last QuarterProj. Earnings Growth7.97%From $3.01 to $3.25 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.1.84 out of 5 starsComputer And Technology Sector465th out of 630 stocksMiscellaneous Electrical Machinery, Equipment, & Supplies Industry17th out of 25 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for Novanta. Previous Next 1.0 Short Interest Percentage of Shares Shorted4.47% of the float of Novanta has been sold short.Short Interest Ratio / Days to CoverNovanta has a short interest ratio ("days to cover") of 10.4, which indicates bearish sentiment.Change versus previous monthShort interest in Novanta has recently increased by 2.60%, 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 2.6 News and Social Media Coverage News SentimentNovanta has a news sentiment score of 0.60. 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 Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Novanta this week, compared to 2 articles on an average week.Search Interest4 people have searched for NOVT on MarketBeat in the last 30 days. This is an increase of 33% 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 $7,012,368.00 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Novanta are expected to grow by 7.97% in the coming year, from $3.01 to $3.25 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Novanta is 79.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.90.Price to Earnings Ratio vs. SectorThe P/E ratio of Novanta is 79.20, 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 360.72.Price to Book Value per Share RatioNovanta has a P/B Ratio of 10.98. 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 HeadlinesJanuary 26, 2023 | americanbankingnews.comMatthijs Glastra Sells 6,500 Shares of Novanta Inc. (NASDAQ:NOVT) StockJanuary 18, 2023 | finance.yahoo.comHere's Why We Think Novanta (NASDAQ:NOVT) Is Well Worth WatchingJanuary 30, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…December 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, 2023November 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 2022January 30, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…October 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? - NasdaqSeptember 9, 2022 | morningstar.comNovanta Inc NOVT Stock ChartSeptember 8, 2022 | globenewswire.comLaser Technology Market is expected to generate a revenue of USD 24.51 Billion by 2030, Globally, at 5.98% CAGR: Verified Market Research - GlobeNewswireSeptember 8, 2022 | finance.yahoo.comHere's What To Make Of Novanta's (NASDAQ:NOVT) Decelerating Rates Of ReturnSee 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 Earnings11/08/2022Today1/30/2023Next Earnings (Estimated)3/07/2023Fiscal 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) 266-5700Fax781-266-5114Employees2,700Year FoundedN/AProfitability EPS (Most Recent Fiscal Year)$2.03 Trailing P/E Ratio79.20 Forward P/E Ratio53.41 P/E GrowthN/ANet Income$50.33 million Net Margins8.62% Pretax Margin10.35% Return on Equity20.16% Return on Assets8.86% Debt Debt-to-Equity Ratio0.81 Current Ratio2.58 Quick Ratio1.55 Sales & Book Value Annual Sales$706.79 million Price / Sales8.12 Cash Flow$3.86 per share Price / Cash Flow41.69 Book Value$14.64 per share Price / Book10.98Miscellaneous Outstanding Shares35,690,000Free Float35,190,000Market Cap$5.74 billion OptionableOptionable Beta1.30 Key ExecutivesMatthijs GlastraChairman & Chief Executive OfficerRobert John BuckleyChief Financial OfficerSarah BetadamChief Information OfficerPeter Aka Lei ChangChief Accounting Officer, VP & ControllerCharlie WebsterEVP-Novanta Growth System & Global Supply ChainKey CompetitorsStemNYSE:STEMCyberArk SoftwareNASDAQ:CYBRBWX TechnologiesNYSE:BWXTMobile TeleSystems Public Joint StockNYSE:MBTFive9NASDAQ:FIVNView All CompetitorsInsiders & InstitutionsNatixis Advisors L.P.Bought 4,146 shares on 1/27/2023Ownership: 0.076%State of Michigan Retirement SystemBought 100 shares on 1/27/2023Ownership: 0.025%Comerica BankBought 835 shares on 1/26/2023Ownership: 0.346%Oregon Public Employees Retirement FundBought 77 shares on 1/26/2023Ownership: 0.029%Strs OhioBought 400 shares on 1/26/2023Ownership: 0.012%View All Insider TransactionsView All Institutional Transactions NOVT Stock - Frequently Asked Questions Should I buy or sell Novanta stock right now? 1 Wall Street 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 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 2023. Since then, NOVT stock has increased by 18.3% and is now trading at $160.77. 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, March 7th 2023. View our NOVT earnings forecast. How were Novanta's earnings last quarter? Novanta Inc. (NASDAQ:NOVT) issued its earnings results on Tuesday, November, 8th. The technology company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.73 by $0.08. The technology company earned $222.96 million during the quarter, compared to the consensus estimate of $215.01 million. Novanta had a net margin of 8.62% and a trailing twelve-month return on equity of 20.16%. What guidance has Novanta issued on next quarter's earnings? Novanta issued an update on its first quarter 2023 earnings guidance on Tuesday, January, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $118.00 million-$122.00 million, compared to the consensus revenue estimate of $218.31 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 institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (2.91%), Exchange Traded Concepts LLC (0.35%), Comerica Bank (0.35%), Ziegler Capital Management LLC (0.21%), Moody Aldrich Partners LLC (0.09%) and Natixis Advisors L.P. (0.08%). Insiders that own company stock include Brian S Young, Matthijs Glastra, Peter L Chang, Robert Buckley and Thomas N Secor. 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 $160.77. How much money does Novanta make? Novanta (NASDAQ:NOVT) has a market capitalization of $5.74 billion and generates $706.79 million in revenue each year. The technology company earns $50.33 million in net income (profit) each year or $2.03 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 1/30/2023 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. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.