NASDAQ:NOVT - Novanta Stock Price, Forecast & News

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.

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

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.

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.

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.

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.

Some companies that are related to Novanta include CAE (CAE), Energizer (ENR), Integer (ITGR), Spectrum Brands (SPB), Atkore International Group (ATKR), FuelCell Energy (FCEL), Ultralife (ULBI), Flux Power (FLUX), Sono-Tek (SOTK), Security Devices International (SDEV), CBAK Energy Technology (CBAT), Polar Power (POLA), Evans & Sutherland Computer (ESCC), mPhase Technologies (XDSL) and Manhattan Scientifics (MHTX).

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).

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

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.

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.

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.

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.

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

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.

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

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]