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Novanta Inc. (NOVT)
156.99  -2.39 (-1.5%)    04-24 15:29
Open: 158.11
High: 160.275
Volume: 56,494
  
Pre. Close: 159.38
Low: 155.69
Market Cap: 5,627(M)
Technical analysis
2024-04-24 3:23:28 PM
Short term     
Mid term     
Targets 6-month :  194.34 1-year :  208.45
Resists First :  166.39 Second :  178.47
Pivot price 160.84
Supports First :  146.86 Second :  122.18
MAs MA(5) :  153.77 MA(20) :  163.5
MA(100) :  162.95 MA(250) :  159.48
MACD MACD :  -4.1 Signal :  -3.2
%K %D K(14,3) :  36.2 D(3) :  24.7
RSI RSI(14): 42.1
52-week High :  187.61 Low :  111.19
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and NEUTRAL in mid-long term.
[ NOVT ] has closed above bottom band by 35.7%. Bollinger Bands are 40.2% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 3 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 160.79 - 161.56 161.56 - 162.26
Low: 151.99 - 152.87 152.87 - 153.68
Close: 157.9 - 159.38 159.38 - 160.72
Company Description

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 beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products serving photonics-based applications for industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. It's Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless technologies, video recorders, and video integration technologies for operating room integrations; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions. In addition, its Precision Motion segment offers optical and inductive encoders, precision motors, servo drives and motion control solutions, integrated stepper motors, intelligent robotic end-of-arm technology solutions, air bearings, and air bearing spindles. The company sells its products through its direct sales force, resellers, distributors, and system integrators under the Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, NDSsi, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, Celera Motion, MicroE, Zettlex, Applimotion, Ingenia, 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.

Headline News

Wed, 17 Apr 2024
Novanta's (NASDAQ:NOVT) five-year total shareholder returns outpace the underlying earnings growth - Simply Wall St

Tue, 09 Apr 2024
Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, May 7, 2024 - Business Wire

Sat, 30 Mar 2024
Novanta Inc.'s (NASDAQ:NOVT) Stock Has Fared Decently: Is the Market Following Strong Financials? - Simply Wall St

Fri, 01 Mar 2024
Novanta Inc (NOVT) CFO Robert Buckley Sells 3,000 Shares - Yahoo Finance

Wed, 28 Feb 2024
Novanta Announces Financial Results for the Fourth Quarter and Full Year 2023 - Business Wire

Wed, 28 Feb 2024
Novanta Inc (NOVT) Posts Full Year 2023 Revenue Growth Amidst Market Challenges - Yahoo Finance

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Neutral
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Neutral
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Technology
Industry:
Hardware, Equipment & Parts
Shares Out 36 (M)
Shares Float 36 (M)
Held by Insiders 0.8 (%)
Held by Institutions 101.4 (%)
Shares Short 1,720 (K)
Shares Short P.Month 1,560 (K)
Stock Financials
EPS 2
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 18.79
Profit Margin 8.2 %
Operating Margin 9.7 %
Return on Assets (ttm) 5.9 %
Return on Equity (ttm) 11.6 %
Qtrly Rev. Growth -3.1 %
Gross Profit (p.s.) 0
Sales Per Share 24.56
EBITDA (p.s.) 4.57
Qtrly Earnings Growth -19.2 %
Operating Cash Flow 120 (M)
Levered Free Cash Flow 94 (M)
Stock Valuations
PE Ratio 78.09
PEG Ratio 13.1
Price to Book value 8.35
Price to Sales 6.39
Price to Cash Flow 46.91
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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