Novanta (NOVT) Stock Price, News & Analysis

Company Overview

Novanta Inc. (NASDAQ:NOVT) is a medical technology and advanced equipment company that develops components and subsystems used by original equipment manufacturers. Its technologies are designed for applications requiring precision motion, photonics, imaging, and other specialized capabilities, with a primary focus on healthcare and medical device markets.

The company’s offerings include precision motion control systems, motors, pumps, encoders, laser sources, optical components, and beam-delivery systems. Novanta also provides medical technologies such as surgical visualization and imaging systems, insufflation equipment, fluid-management products, and other components used in minimally invasive and robotic-assisted procedures.

Novanta serves medical device and industrial customers internationally, with operations and customer relationships spanning North America, Europe, and Asia. The company traces its history to businesses established in the late 1960s and adopted the Novanta name in 2016 after operating as GSI Group. Novanta is led by Chief Executive Officer Matthijs Glastra.

Key Stats

• Today's Range: $146.51 to $151.73
• 50-Day Range: $132.80 to $168.75
• 52-Week Range: $98.27 to $176.38
• Volume: 367,600 shs
• Average Volume: 343,444 shs
• Market Capitalization: $5.65 billion
• P/E Ratio: 95.69
• Dividend Yield: N/A
• Price Target: $194.00
• Consensus Rating: Buy

Novanta Stock Analysis - MarketRank™

Novanta scored higher than 57% of companies evaluated by MarketBeat, and ranked 315th out of 595 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.9 / 5
• Analyst Rating: Buy

Consensus Rating

Novanta has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 strong buy rating, 1 buy rating, 1 hold rating, and no sell ratings.

Upside Potential

Novanta has a consensus price target of $194.00, representing about 30.0% upside from its current price of $149.27.

Amount of Analyst Coverage

Novanta has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 17.03%

Earnings Growth

Earnings for Novanta are expected to grow by 17.03% in the coming year, from $3.70 to $4.33 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Novanta is 95.69, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 44.66.

Price to Earnings Ratio vs. Sector

The P/E ratio of Novanta is 95.69, which means that it is trading at a more expensive P/E ratio than the Technology sector average P/E ratio of about 81.39.

Price to Book Value per Share Ratio

Novanta has a P/B Ratio of 4.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

13.31% 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 17.44, which indicates bearish sentiment.

Change versus previous month

Short interest in Novanta has recently increased by 1.65%, 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.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.25

News Sentiment

Novanta has a news sentiment score of 0.25. 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 lower news sentiment than the 0.50 average news sentiment score of Technology companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Novanta this week, compared to 3 articles on an average week.

Search Interest

3 people have searched for NOVT on MarketBeat in the last 30 days.

MarketBeat Follows

2 people have added Novanta to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.8 / 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

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.

Company Calendar

• Last Earnings: 8/05/2026
• Today: 10/03/2026
• Next Earnings (Estimated): 11/02/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Technology
• Industry: Electronic Equipment, Instruments & Components
• Sub-Industry: Electronic Equipment & Instruments
• Current Symbol: NASDAQ:NOVT
• Previous Symbol: NASDAQ:GSIG
• CIK: 1076930
• Web: www.novanta.com
• Phone: (781) 266-5618
• Fax: 781-266-5114
• Employees: 3,000
• Year Founded: 1968

Price Target and Rating

• Average Price Target for Novanta: $194.00
• High Price Target: $194.00
• Low Price Target: $194.00
• Potential Upside/Downside: +30.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.56
• Trailing P/E Ratio: 95.69
• Forward P/E Ratio: 40.34
• P/E Growth: N/A
• Net Income: $53.83 million
• Net Margins: 6.00%
• Pretax Margin: 7.74%
• Return on Equity: 10.83%
• Return on Assets: 7.53%

Debt

• Debt-to-Equity Ratio: 0.12
• Current Ratio: 4.57
• Quick Ratio: 3.79

Sales & Book Value

• Annual Sales: $980.60 million
• Price / Sales: 5.76
• Cash Flow: $5.11 per share
• Price / Cash Flow: 29.21
• Book Value: $36.74 per share
• Price / Book: 4.06

Miscellaneous

• Outstanding Shares: 37,820,000
• Free Float: 37,364,000
• Market Cap: $5.65 billion
• Optionable: Optionable
• Beta: 1.72