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NASDAQ:NOVT

Novanta Stock Forecast, Price & News

$106.11
+1.40 (+1.34 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$102.85
Now: $106.11
$107.21
50-Day Range
$96.25
MA: $106.79
$114.70
52-Week Range
$66.44
Now: $106.11
$117.93
Volume459,158 shs
Average Volume135,141 shs
Market Capitalization$3.73 billion
P/E Ratio89.92
Dividend YieldN/A
Beta1.14
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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Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.13 out of 5 stars


Industry, Sector and Symbol

Industry Miscellaneous electrical machinery, equipment, & supplies
Sub-IndustryN/A
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$3.59 per share
Book Value$11.89 per share

Profitability

Net Income$40.77 million

Miscellaneous

Employees2,290
Market Cap$3.73 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$106.11
+1.40 (+1.34 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Novanta (NASDAQ:NOVT) Frequently Asked Questions

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

Novanta's stock was trading at $79.04 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NOVT shares have increased by 34.2% and is now trading at $106.11.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Novanta?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Novanta in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Novanta
.

When is Novanta's next earnings date?

Novanta is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Novanta
.

How were Novanta's earnings last quarter?

Novanta Inc (NASDAQ:NOVT) issued its quarterly earnings data on Thursday, August, 6th. The technology company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.25. The technology company had revenue of $144.73 million for the quarter, compared to the consensus estimate of $138.12 million. Novanta had a return on equity of 17.71% and a net margin of 6.80%. The company's quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share.
View Novanta's earnings history
.

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

Novanta updated its third quarter 2020 Pre-Market earnings guidance on Thursday, August, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $135-142 million, compared to the consensus revenue estimate of $126.31 million.

What price target have analysts set for NOVT?

2 brokers have issued twelve-month price targets for Novanta's shares. Their forecasts range from $90.00 to $90.00. On average, they anticipate Novanta's stock price to reach $90.00 in the next twelve months. This suggests that the stock has a possible downside of 15.2%.
View analysts' price targets for Novanta
.

Are investors shorting Novanta?

Novanta saw a drop in short interest in August. As of August 14th, there was short interest totaling 463,800 shares, a drop of 12.1% from the July 30th total of 527,800 shares. Based on an average trading volume of 116,900 shares, the short-interest ratio is currently 4.0 days. Currently, 1.4% of the shares of the company are sold short.
View Novanta's Short Interest
.

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), Gilead Sciences (GILD), Intuitive Surgical (ISRG), Altria Group (MO), AT&T (T), ABIOMED (ABMD), Adobe (ADBE), Broadcom (AVGO) and Illumina (ILMN).

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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.17%), Neuberger Berman Group LLC (5.63%), William Blair Investment Management LLC (2.91%), Conestoga Capital Advisors LLC (2.85%), Wasatch Advisors Inc. (2.49%) and Paradice Investment Management LLC (1.77%). Company insiders that own Novanta stock include Brian S Young, Matthijs Glastra, Peter L Chang, Robert Buckley and Stephen W Bershad.
View institutional ownership trends for Novanta
.

Which major investors are selling Novanta stock?

NOVT stock was sold by a variety of institutional investors in the last quarter, including Paradice Investment Management LLC, Blair William & Co. IL, Ziegler Capital Management LLC, Man Group plc, Thrivent Financial for Lutherans, Nuveen Asset Management LLC, Alberta Investment Management Corp, and Marsico Capital Management LLC. Company insiders that have sold Novanta company stock in the last year include Brian S Young, Matthijs Glastra, Peter L Chang, Robert Buckley, and Stephen W Bershad.
View insider buying and selling activity for Novanta
.

Which major investors are buying Novanta stock?

NOVT stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Conestoga Capital Advisors LLC, Marshall Wace LLP, Marshall Wace North America L.P., Goldman Sachs Group Inc., Neuberger Berman Group LLC, Federated Hermes Inc., and Skandinaviska Enskilda Banken AB publ.
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 $106.11.

How big of a company is Novanta?

Novanta has a market capitalization of $3.73 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.

What is Novanta's official website?

The official website for Novanta is 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]

This page was last updated on 9/20/2020 by MarketBeat.com Staff

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