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NASDAQ:NOVTNovanta Stock Price, Forecast & News

$108.31
-2.80 (-2.52 %)
(As of 06/4/2020 04:00 PM ET)
Add
Compare
Today's Range
$106.45
Now: $108.31
$110.37
50-Day Range
$76.38
MA: $89.58
$108.00
52-Week Range
$66.44
Now: $108.31
$112.00
Volume95,320 shs
Average Volume144,812 shs
Market Capitalization$3.80 billion
P/E Ratio95.01
Dividend YieldN/A
Beta1.25
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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Novanta logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.38 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$3.27 per share
Book Value$11.89 per share

Profitability

Net Income$40.77 million

Miscellaneous

Employees2,290
Market Cap$3.80 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Novanta (NASDAQ:NOVT) Frequently Asked Questions

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

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. Since then, NOVT shares have increased by 37.0% and is now trading at $108.31. View which stocks have been most impacted by Coronavirus.

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, August 4th 2020. View our earnings forecast for Novanta.

How were Novanta's earnings last quarter?

Novanta Inc (NASDAQ:NOVT) announced its quarterly earnings data on Tuesday, May, 12th. The technology company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.32 by $0.19. The technology company earned $155.50 million during the quarter, compared to analysts' expectations of $142.61 million. Novanta had a net margin of 6.48% and a return on equity of 18.71%. The firm's revenue was down 1.1% on a year-over-year basis. During the same period last year, the business earned $0.53 earnings per share. View Novanta's earnings history.

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

Novanta issued an update on its second quarter 2020 Pre-Market earnings guidance on Tuesday, May, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $130-142 million, compared to the consensus revenue estimate of $126.29 million.

What price target have analysts set for NOVT?

2 brokerages have issued 12-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 16.9%. View analysts' price targets for Novanta.

Has Novanta been receiving favorable news coverage?

Media coverage about NOVT stock has trended somewhat positive this week, InfoTrie reports. The research group identifies negative and positive press coverage by monitoring 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 0.7 on InfoTrie's scale. They also gave news headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutNovanta.

Are investors shorting Novanta?

Novanta saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 689,400 shares, a drop of 13.4% from the April 30th total of 796,000 shares. Based on an average daily volume of 154,600 shares, the short-interest ratio is presently 4.5 days. Currently, 2.0% of the shares of the stock are sold short. View Novanta's Current Options Chain.

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), Broadcom (AVGO), Lam Research (LRCX), Altria Group (MO), Palo Alto Networks (PANW), Arista Networks (ANET) and Netflix (NFLX).

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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.68%), Alliancebernstein L.P. (4.77%), Wells Fargo & Company MN (4.09%), William Blair Investment Management LLC (2.89%), Conestoga Capital Advisors LLC (2.74%) and Wasatch Advisors Inc. (2.48%). 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 institutional investors are selling Novanta stock?

NOVT stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Wells Fargo & Company MN, Alliancebernstein L.P., Aristotle Capital Boston LLC, AXA, Morgan Stanley, Telemark Asset Management LLC, and BlackRock Inc.. Company insiders that have sold Novanta company stock in the last year include Brian S Young, Matthijs Glastra, Robert Buckley, and Stephen W Bershad. View insider buying and selling activity for Novanta.

Which institutional investors are buying Novanta stock?

NOVT stock was purchased by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Wasatch Advisors Inc., Ziegler Capital Management LLC, Wellington Management Group LLP, JPMorgan Chase & Co., Mesirow Financial Investment Management Equity Management, Silvercrest Asset Management Group LLC, and Geode Capital Management LLC. 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 $108.31.

How big of a company is Novanta?

Novanta has a market capitalization of $3.80 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 6/4/2020 by MarketBeat.com Staff

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