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Novanta Inc (NOVT)
NASDAQ:NOVT
Novanta (NOVT) Stock Price & Analysis
185 Followers
NOVT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$111.20 - $185.81
Previous Close$160.29
Volume97.20K
Average Volume (3M)132.71K
Market Cap
$5.75B
Enterprise Value$6.05B
Total Cash (Recent Filing)$105.05M
Total Debt (Recent Filing)$399.91M
Price to Earnings (P/E)83.4
Beta1.84
Next Earnings
Aug 06, 2024EPS Estimate
$0.69Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.92
Shares Outstanding35,893,906
10 Day Avg. Volume142,351
30 Day Avg. Volume132,707
Standard Deviation0.10
R-Squared0.50
Alpha0.00015
Financial Highlights & Ratios
Price to Book (P/B)136.74
Price to Sales (P/S)6.81
Price to Cash Flow (P/CF)38.50
P/FCF Ratio45.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.86
Enterprise Value/Gross Profit15.12
Enterprise Value/Ebitda58.65
Forecast
1Y Price Target
$170.00Price Target Upside6.06% Upside
Rating ConsensusHold
Number of Analyst Covering1
Novanta News
PremiumCompany Announcements
Novanta Inc. Files SEC Report, Shares Trade on Nasdaq
PremiumCompany Announcements
Novanta Files Current Report Update with SEC
PremiumCompany Announcements
Novanta Files Current Report with SEC
Bulls Say, Bears Say
Bulls Say
Financial Performance1Q sales/EPS and margins were above Cons./guidance, which indicates the company's financial performance is outperforming expectations.
Mergers & AcquisitionsCompany's focus on M&A indicates a strategic approach to growth, with the recent acquisition of Motion Solutions and a bullish outlook on future M&A activities.
Product CycleStrong new product cycle ramp should be more visible late-2H24, underpins the analyst's expectation for EBITDA growth.
Bears Say
End Market ConditionsEnd market conditions and headwinds in life sciences and micro-electronics sectors reflected in weak PMM orders.
Market StabilityMedical market stability is powered by NOVT outlook for procedure growth and capital equipment purchases, yet the life science market destocking appears leveling out but not healthy yet.
Sales Guidance2Q sales guidance projects a more moderate pace of Q/Q improvement than analysts were projecting, suggesting potential slowing growth.
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Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
NOVT FAQ
What was Novanta Inc’s price range in the past 12 months?
Novanta Inc lowest stock price was $111.20 and its highest was $185.81 in the past 12 months.
What is Novanta Inc’s market cap?
Currently, no data Available
When is Novanta Inc’s upcoming earnings report date?
Novanta Inc’s upcoming earnings report date is Aug 06, 2024 which is in 33 days.
How were Novanta Inc’s earnings last quarter?
Novanta Inc released its earnings results on May 07, 2024. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.577 by $0.163.
Is Novanta Inc overvalued?
According to Wall Street analysts Novanta Inc’s price is currently Undervalued.
Does Novanta Inc pay dividends?
Novanta Inc does not currently pay dividends.
What is Novanta Inc’s EPS estimate?
Novanta Inc’s EPS estimate is $0.69.
How many shares outstanding does Novanta Inc have?
Novanta Inc has 35,893,906 shares outstanding.
What happened to Novanta Inc’s price movement after its last earnings report?
Novanta Inc reported an EPS of $0.74 in its last earnings report, beating expectations of $0.577. Following the earnings report the stock price went up 0.434%.
Which hedge fund is a major shareholder of Novanta Inc?
Among the largest hedge funds holding Novanta Inc’s share is Grand Jean Capital Management Inc. It holds Novanta Inc’s shares valued at 210K.
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Novanta Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$170.00 (6.06% Upside)
$170.00 (6.06% Upside)
Blogger Sentiment
Bullish
NOVT Sentiment 100%
Sector Average 69%
Sector Average 69%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-10.79%
12-Months-Change
Fundamentals
Return on Equity
10.83%
Trailing 12-Months
Asset Growth
15.07%
Trailing 12-Months
Company Description
Novanta Inc
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 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 Earnings Call
Q1 2024
0:00 / 0:00
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NOVT Stock 12 Month Forecast
Average Price Target
$170.00
▲(6.06% Upside)
Technical Analysis
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