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The Stock That's Brining Lithium Back To America! (Ad)
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S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
Free Daily Trade Alerts. Up to 15 opportunities a day. (Ad)
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
The Stock That's Brining Lithium Back To America! (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
The Stock That's Brining Lithium Back To America! (Ad)
Teen workers are in high demand for summer and commanding better pay
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
Free Daily Trade Alerts. Up to 15 opportunities a day. (Ad)
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
The Stock That's Brining Lithium Back To America! (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
The Stock That's Brining Lithium Back To America! (Ad)
Teen workers are in high demand for summer and commanding better pay
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
Free Daily Trade Alerts. Up to 15 opportunities a day. (Ad)
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
The Stock That's Brining Lithium Back To America! (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
The Stock That's Brining Lithium Back To America! (Ad)
Teen workers are in high demand for summer and commanding better pay
NASDAQ:NOVT

Novanta (NOVT) Stock Forecast, Price & News

$166.29
+4.32 (+2.67%)
(As of 05/26/2023 ET)
Compare
Today's Range
$161.97
$167.40
50-Day Range
$147.65
$167.88
52-Week Range
$110.84
$173.10
Volume
99,528 shs
Average Volume
129,368 shs
Market Capitalization
$5.95 billion
P/E Ratio
81.12
Dividend Yield
N/A
Price Target
$161.00

Novanta MarketRank™ Forecast

Analyst Rating
N/A
0.00 Rating Score
Upside/​Downside
3.2% Downside
$161.00 Price Target
Short Interest
Bearish
4.22% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.12mentions of Novanta in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.81%
From $3.10 to $3.59 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.37 out of 5 stars

Computer And Technology Sector

581st out of 623 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

26th out of 27 stocks


NOVT stock logo

About Novanta (NASDAQ:NOVT) Stock

Novanta, 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.

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NOVT Stock News Headlines

The Stock That's Brining Lithium Back To America!
The American Energy Crisis Is Very Real And This Stock Is Solving That Problem On U.S Soil
StockNews.com Downgrades Novanta (NASDAQ:NOVT) to Hold
Novanta (NASDAQ:NOVT) Upgraded at StockNews.com
Novanta (NASDAQ:NOVT) Upgraded by StockNews.com to Buy
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Novanta (NASDAQ:NOVT) Announces Earnings Results
Novanta: Q1 Earnings Snapshot
Novanta (NOVT) to Release Quarterly Earnings on Tuesday
Novanta: The Valuation Seems Way Too High
Returns On Capital At Novanta (NASDAQ:NOVT) Have Stalled
See More Headlines
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NOVT Company Calendar

Last Earnings
5/09/2023
Today
5/27/2023
Next Earnings (Estimated)
8/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry
N/A
Current Symbol
NASDAQ:NOVT
Previous Symbol
NASDAQ:GSIG
Employees
3,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$161.00
High Stock Price Forecast
$161.00
Low Stock Price Forecast
$161.00
Forecasted Upside/Downside
-3.2%
Consensus Rating
N/A
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$74.05 million
Pretax Margin
9.84%

Debt

Sales & Book Value

Annual Sales
$860.90 million
Cash Flow
$4.70 per share
Book Value
$16.70 per share

Miscellaneous

Free Float
35,376,000
Market Cap
$5.95 billion
Optionable
Optionable
Beta
1.30

Key Executives

  • Matthijs GlastraMatthijs Glastra
    Chairman & Chief Executive Officer
  • Robert John Buckley
    Chief Financial Officer
  • Sarah Betadam
    Chief Information Officer
  • Charlie Webster
    EVP-Novanta Growth System & Global Supply Chain
  • Anna Fain
    Vice President-Leadership Development & Diversity













NOVT Stock - Frequently Asked Questions

What is Novanta's stock price forecast for 2023?

0 brokers have issued twelve-month target prices for Novanta's shares. Their NOVT share price forecasts range from $161.00 to $161.00. On average, they expect the company's share price to reach $161.00 in the next twelve months. This suggests that the stock has a possible downside of 3.2%.
View analysts price targets for NOVT
or view top-rated stocks among Wall Street analysts.

How have NOVT shares performed in 2023?

Novanta's stock was trading at $135.87 on January 1st, 2023. Since then, NOVT shares have increased by 22.4% and is now trading at $166.29.
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, August 8th 2023.
View our NOVT earnings forecast
.

How were Novanta's earnings last quarter?

Novanta Inc. (NASDAQ:NOVT) posted its earnings results on Tuesday, May, 9th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.10. The technology company earned $219.10 million during the quarter, compared to analysts' expectations of $211.22 million. Novanta had a trailing twelve-month return on equity of 19.70% and a net margin of 8.39%. The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 EPS.

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

Novanta updated its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of $0.70-$0.74 for the period, compared to the consensus EPS estimate of $0.76. The company issued revenue guidance of $222.00 million-$225.00 million, compared to the consensus revenue estimate of $223.01 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 BlackRock Inc. (11.81%), Conestoga Capital Advisors LLC (3.96%), State Street Corp (3.29%), Price T Rowe Associates Inc. MD (2.98%), William Blair Investment Management LLC (2.96%) and Wasatch Advisors LP (2.90%). 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 $166.29.

How much money does Novanta make?

Novanta (NASDAQ:NOVT) has a market capitalization of $5.95 billion and generates $860.90 million in revenue each year. The technology company earns $74.05 million in net income (profit) each year or $2.05 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 5/27/2023 by MarketBeat.com Staff

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