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How to buy Novanta stock
Own Novanta stock in just a few minutes.
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 2,200 staff and has a trailing 12-month revenue of around USD$590.6 million.
How to buy shares in Novanta
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for Novanta. Find the stock by name or ticker symbol: NOVT. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Novanta reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Novanta, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Novanta. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
Novanta share price
Use our graph to track the performance of NOVT stocks over time.Novanta shares at a glance
Information last updated 2021-03-10.
| 52-week range | USD$66.44 - USD$146.16 |
|---|---|
| 50-day moving average | USD$133.358 |
| 200-day moving average | USD$119.2304 |
| Wall St. target price | USD$124 |
| PE ratio | 102.752 |
| Dividend yield | N/A (0%) |
| Earnings per share (TTM) | USD$1.25 |
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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.
Is it a good time to buy Novanta stock?
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.
Is Novanta under- or over-valued?
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 P/E ratio
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 103x. In other words, Novanta shares trade at around 103x 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 PEG ratio
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
Novanta's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$98.1 million.
The EBITDA is a measure of a Novanta's overall financial performance and is widely used to measure a its profitability.
Novanta financials
| Revenue TTM | USD$590.6 million |
|---|---|
| Operating margin TTM | 10.12% |
| Gross profit TTM | USD$244.7 million |
| Return on assets TTM | 4.31% |
| Return on equity TTM | 9.96% |
| Profit margin | 7.54% |
| Book value | $13.56 |
| Market capitalisation | USD$4.5 billion |
TTM: trailing 12 months
Shorting Novanta shares
There are currently 545,486 Novanta shares held short by investors – that's known as Novanta's "short interest". This figure is 0.1% up from 545,192 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)
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 99179.272727273). Novanta's SIR currently stands at 5.5. In other words for every 100,000 Novanta shares traded daily on the market, roughly 5500 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 0.02% of the outstanding shares (for every 100,000 Novanta shares in existence, roughly 20 shares are currently held short) or 0.016% of the tradable shares (for every 100,000 tradable Novanta shares, roughly 16 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly 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.
Novanta share dividends
We're not expecting Novanta to pay a dividend over the next 12 months.
Have Novanta's shares ever split?
Novanta's shares were split on a 1:3 basis on 28 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.
Novanta share price volatility
Over the last 12 months, Novanta's shares have ranged in value from as little as $66.44 up to $146.16. 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 1.0439. 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 overview
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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