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Novanta Inc is a scientific & technical instruments business based in the US. Novanta shares (NOVT) are listed on the NASDAQ and all prices are listed in US Dollars. Novanta employs 2,290 staff and has a trailing 12-month revenue of around USD$602.8 million.
Since the stock market crash in March caused by coronavirus, Novanta's share price has had significant positive movement.
Its last market close was USD$115.33, which is 18.49% up on its pre-crash value of USD$94.01 and 73.59% up on the lowest point reached during the March crash when the shares fell as low as USD$66.44.
If you had bought USD$1,000 worth of Novanta shares at the start of February 2020, those shares would have been worth USD$794.27 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$1,224.80.
|Latest market close||USD$115.33|
|52-week range||USD$66.44 - USD$127.91|
|50-day moving average||USD$114.4761|
|200-day moving average||USD$107.1361|
|Wall St. target price||USD$118|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$1.15|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-11-20)||N/A|
|1 month (2020-10-30)||6.08%|
|3 months (2020-08-28)||N/A|
|6 months (2020-05-28)||N/A|
|1 year (2019-11-27)||N/A|
|2 years (2018-11-27)||N/A|
|3 years (2017-11-27)||N/A|
|5 years (2015-11-27)||N/A|
Valuing Novanta stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Novanta's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Novanta's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 100x. In other words, Novanta shares trade at around 100x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Novanta's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.11. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Novanta's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Novanta's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$101.7 million.
The EBITDA is a measure of a Novanta's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$602.8 million|
|Operating margin TTM||10.46%|
|Gross profit TTM||USD$263.4 million|
|Return on assets TTM||4.59%|
|Return on equity TTM||9.62%|
|Market capitalisation||USD$4.2 billion|
TTM: trailing 12 months
There are currently 427,199 Novanta shares held short by investors – that's known as Novanta's "short interest". This figure is 5.5% up from 404,784 last month.
There are a few different ways that this level of interest in shorting Novanta shares can be evaluated.
Novanta's "short interest ratio" (SIR) is the quantity of Novanta shares currently shorted divided by the average quantity of Novanta shares traded daily (recently around 89372.175732218). Novanta's SIR currently stands at 4.78. In other words for every 100,000 Novanta shares traded daily on the market, roughly 4780 shares are currently held short.
However Novanta's short interest can also be evaluated against the total number of Novanta shares, or, against the total number of tradable Novanta shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Novanta's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Novanta shares in existence, roughly 10 shares are currently held short) or 0.0125% of the tradable shares (for every 100,000 tradable Novanta shares, roughly 13 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Novanta.
Find out more about how you can short Novanta stock.
We're not expecting Novanta to pay a dividend over the next 12 months.
Novanta's shares were split on a 1:3 basis on 29 December 2010. So if you had owned 3 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Novanta shares – just the quantity. However, indirectly, the new 200% higher share price could have impacted the market appetite for Novanta shares which in turn could have impacted Novanta's share price.
Over the last 12 months, Novanta's shares have ranged in value from as little as $66.44 up to $127.91. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Novanta's is 1.1623. This would suggest that Novanta's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
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. Its Photonics segment offers photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products for photonics-based applications, such as industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. The company's Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless, recorder 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. Its Precision Motion segment offers optical and inductive encoders, precision motors, motion control sub-assemblies, servo drives, 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, Lincoln Laser, Synrad, Laser Quantum, ARGES, WOM, NDS, NDSsi, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, General Scanning, Celera Motion, MicroE, Applimotion, Zettlex, 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.
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