Novanta (NOVT) Stock Price, News & Analysis

Company Overview

Novanta, Inc. (NASDAQ: NOVT) is a global technology company specializing in photonics and precision motion solutions for the medical and advanced technology markets. The company develops and manufactures highly engineered components and subsystems that enable critical functions in diagnostic imaging, surgical robotics, semiconductor lithography, machine vision, and life sciences. Novanta’s product portfolio includes laser beam steering systems, micro-optics, biomedical imaging platforms, precision motors, encoders, and motion controllers.

In its Photonics Solutions segment, Novanta provides OEM lasers, galvanometric scanners, fiber-coupled laser modules, micro-optical components, and optical assemblies for applications such as fluorescence microscopy, laser surgery, and semiconductor wafer inspection. Its Precision Motion segment delivers brushless motors, high-resolution encoders, motion control electronics, and integrated actuation subsystems for robotics, automated inspection systems, and laboratory automation. These offerings are complemented by in-house design capabilities, allowing Novanta to tailor solutions to meet stringent performance and reliability requirements.

Since its founding in 2005 as a spin-off from Advanced Photonix, Novanta has pursued a growth strategy characterized by strategic acquisitions and organic expansion. Over the years, the company has acquired specialist businesses in North America, Europe, and Asia, enhancing its technological breadth and geographic reach. Headquartered in Bedford, Massachusetts, Novanta maintains a global footprint with engineering, manufacturing, and sales operations across the Americas, Europe, and the Asia-Pacific region.

Led by President and Chief Executive Officer Jeffrey A. Graves, Novanta emphasizes continuous innovation and customer collaboration. The executive team includes seasoned professionals in engineering, operations, and finance, all focused on driving technological advances and operational excellence. Through sustained R&D investment and a customer-centric approach, Novanta aims to deliver high-value solutions that support critical applications in healthcare, advanced manufacturing, and scientific research.

Key Stats

• Today's Range: $122.05 to $127.26
• 50-Day Range: $120.13 to $133.77
• 52-Week Range: $98.76 to $187.00
• Volume: 352,779 shs
• Average Volume: 225,079 shs
• Market Capitalization: $4.42 billion
• P/E Ratio: 62.74
• Dividend Yield: N/A
• Price Target: $160.00
• Consensus Rating: Hold

Novanta Stock Analysis - MarketRank™

Novanta scored higher than 54% of companies evaluated by MarketBeat, and ranked 342nd out of 666 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Novanta has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Novanta has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 21.45%

Earnings Growth

Earnings for Novanta are expected to grow by 21.45% in the coming year, from $3.03 to $3.68 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Novanta is 62.74, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 26.51.

Price to Earnings Ratio vs. Sector

The P/E ratio of Novanta is 62.74, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 33.59.

Price to Book Value per Share Ratio

Novanta has a P/B Ratio of 5.92. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.50% of the float of Novanta has been sold short.

Short Interest Ratio / Days to Cover

Novanta has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Novanta has recently increased by 1.91%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Novanta does not currently pay a dividend.

Dividend Growth

Novanta does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.50% of the float of Novanta has been sold short.

Short Interest Ratio / Days to Cover

Novanta has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Novanta has recently increased by 1.91%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 1.26

News Sentiment

Novanta has a news sentiment score of 1.26. 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 0.83 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Novanta this week, compared to 5 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Novanta insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.20% of the stock of Novanta is held by insiders.

Percentage Held by Institutions

98.35% of the stock of Novanta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NOVT Stock Analysis - Frequently Asked Questions

How have NOVT shares performed this year?

Novanta's stock was trading at $152.77 on January 1st, 2025. Since then, NOVT shares have decreased by 19.5% and is now trading at $122.96.

How were Novanta's earnings last quarter?

Novanta Inc. (NASDAQ:NOVT) issued its earnings results on Tuesday, May, 6th. The technology company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.06. The firm's revenue was up 1.1% compared to the same quarter last year.
Read the conference call transcript.

Who are Novanta's major shareholders?

Novanta's top institutional investors include Exchange Traded Concepts LLC (0.41%), Public Employees Retirement System of Ohio (0.03%), Diversified Trust Co (0.02%) and Argent Capital Management LLC (0.01%). Insiders that own company stock include Robert Buckley, Matthijs Glastra, Brian S Young 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Novanta own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Novanta investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), AU Optronics (AUOTY), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 5/06/2025
• Today: 7/18/2025
• Next Earnings (Estimated): 8/05/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: ELEC - MISC COMPONENTS
• Sub-Industry: Electrical Equipment
• Current Symbol: NASDAQ:NOVT
• Previous Symbol: NASDAQ:GSIG
• CIK: 1076930
• Web: www.novanta.com
• Phone: (781) 266-5700
• Fax: 781-266-5114
• Employees: 3,000
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Novanta: $160.00
• High Price Target: $160.00
• Low Price Target: $160.00
• Potential Upside/Downside: +28.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.96
• Trailing P/E Ratio: 63.60
• Forward P/E Ratio: 41.20
• P/E Growth: N/A
• Net Income: $64.09 million
• Net Margins: 7.42%
• Pretax Margin: 9.31%
• Return on Equity: 15.06%
• Return on Assets: 7.97%

Debt

• Debt-to-Equity Ratio: 0.50
• Current Ratio: 2.56
• Quick Ratio: 1.70

Sales & Book Value

• Annual Sales: $949.24 million
• Price / Sales: 4.73
• Cash Flow: $4.64 per share
• Price / Cash Flow: 26.93
• Book Value: $20.76 per share
• Price / Book: 6.01

Miscellaneous

• Outstanding Shares: 35,970,000
• Free Float: 35,539,000
• Market Cap: $4.49 billion
• Optionable: Optionable
• Beta: 1.45