How to buy Novanta stock | $161.51

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 0.00.

Novanta stock price (NASDAQ: NOVT)

Use our graph to track the performance of NOVT stocks over time.

Novanta shares at a glance

• Key figures

Information last updated 2021-10-16.

Latest market close	$161.51
52-week range	$106.95 - $168.73
50-day moving average	$155.70
200-day moving average	$141.23
Wall St. target price	$145.00
PE ratio	131.3089
Dividend yield	N/A (0%)
Earnings per share (TTM)	$1.23

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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.

Novanta price performance over time

Historical closes compared with the close of $161.51 from 2021-10-15

1 week (2021-10-08)	0.05%
1 month (2021-09-17)	4.94%
3 months (2021-07-16)	21.58%
6 months (2021-04-16)	19.05%

1 year (2020-10-16)	40.46%
2 years (2019-10-17)	90.21%
3 years (2018-10-17)	140.09%
5 years (2016-10-17)	812.49%

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 131x. In other words, Novanta shares trade at around 131x 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 $106.5 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	$620.5 million
Operating margin TTM	10.84%
Gross profit TTM	$244.7 million
Return on assets TTM	4.84%
Return on equity TTM	9.49%
Profit margin	7.07%
Book value	$13.89
Market capitalisation	$5.7 billion

TTM: trailing 12 months

Shorting Novanta shares

There are currently 659,888 Novanta shares held short by investors – that's known as Novanta's "short interest". This figure is 3.4% up from 637,963 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 132242.08416834). Novanta's SIR currently stands at 4.99. In other words for every 100,000 Novanta shares traded daily on the market, roughly 4990 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 0.0191% of the tradable shares (for every 100,000 tradable Novanta shares, roughly 19 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.

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 $106.95 up to $168.73. 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 0.9788. This would suggest that Novanta's shares are less volatile than average (for this exchange).

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 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, 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.

Frequently asked questions

What percentage of Novanta is owned by insiders or institutions?
Currently 2.638% of Novanta shares are held by insiders and 97.668% by institutions. How many people work for Novanta?
Latest data suggests 2,200 work at Novanta. When does the fiscal year end for Novanta?
Novanta's fiscal year ends in December. Where is Novanta based?
Novanta's address is: 125 Middlesex Turnpike, Bedford, MA, United States, 01730 What is Novanta's ISIN number?
Novanta's international securities identification number is: CA67000B1040 What is Novanta's CUSIP number?
Novanta's Committee on Uniform Securities Identification Procedures number is: 36191C106