Novanta Stock Today

NOVT Stock  USD 169.14  2.16  1.29%   

Performance

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Odds Of Distress

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Novanta is selling for under 169.14 as of the 3rd of December 2024; that is 1.29 percent increase since the beginning of the trading day. The stock's last reported lowest price was 165.51. Novanta has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Novanta are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of November 2024 and ending today, the 3rd of December 2024. Click here to learn more.
Business Domain
Technology Hardware & Equipment
IPO Date
4th of January 2016
Category
Technology
Classification
Information Technology
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. Novanta Inc. The company has 35.92 M outstanding shares of which 1.72 M shares are now shorted by private and institutional investors with about 10.71 trading days to cover. More on Novanta

Moving together with Novanta Stock

  0.62ST Sensata TechnologiesPairCorr

Moving against Novanta Stock

  0.41ELSE Electro SensorsPairCorr
  0.31GRMN GarminPairCorr

Novanta Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEO ChairmanMatthijs Glastra
Business ConcentrationElectronic Equipment, Instruments & Components, Scientific & Technical Instruments, Information Technology, NASDAQ Composite, SP Midcap 400, Information Technology, Electronic Equipment, Instruments & Components, Scientific & Technical Instruments, Technology (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.860.7191
Fairly Up
Slightly volatile
Gross Profit Margin0.320.4536
Way Down
Very volatile
Total Current Liabilities106.1 M139.2 M
Way Down
Slightly volatile
Non Current Liabilities Total434.1 M413.4 M
Sufficiently Up
Slightly volatile
Total Assets1.3 B1.2 B
Sufficiently Up
Slightly volatile
Total Current Assets287.7 M415.3 M
Way Down
Slightly volatile
Debt Levels
Novanta can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Novanta's financial leverage. It provides some insight into what part of Novanta's total assets is financed by creditors.
Liquidity
Novanta currently holds 404.56 M in liabilities with Debt to Equity (D/E) ratio of 0.87, which is about average as compared to similar companies. Novanta has a current ratio of 1.97, which is within standard range for the sector. Note, when we think about Novanta's use of debt, we should always consider it together with its cash and equity.

Other Non Cash Items

7.19 Million
Novanta (NOVT) is traded on NASDAQ Exchange in USA. It is located in 125 Middlesex Turnpike, Bedford, MA, United States, 01730 and employs 2,900 people. Novanta is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 6.08 B. Novanta conducts business under Electronic Equipment, Instruments & Components sector and is part of Information Technology industry. The entity has 35.92 M outstanding shares of which 1.72 M shares are now shorted by private and institutional investors with about 10.71 trading days to cover. Novanta currently holds about 100.49 M in cash with 120.08 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.82.
Check Novanta Probability Of Bankruptcy
Ownership Allocation
The majority of Novanta outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Novanta to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Novanta. Please pay attention to any change in the institutional holdings of Novanta as this could imply that something significant has changed or is about to change at the company.
Check Novanta Ownership Details

Novanta Stock Institutional Holders

InstituionRecorded OnShares
Geneva Capital Management2024-09-30
780 K
Capital Research & Mgmt Co - Division 32024-09-30
755.4 K
Allspring Global Investments Holdings, Llc2024-09-30
734.7 K
Jpmorgan Chase & Co2024-09-30
650.6 K
Dimensional Fund Advisors, Inc.2024-09-30
643.9 K
Amvescap Plc.2024-09-30
516.7 K
Axa Sa2024-09-30
507.3 K
Wellington Management Company Llp2024-09-30
493.5 K
Kayne Anderson Rudnick Investment Management Llc2024-09-30
491.9 K
Blackrock Inc2024-06-30
4.4 M
Vanguard Group Inc2024-09-30
4.1 M
View Novanta Diagnostics

Novanta Historical Income Statement

At this time, Novanta's Net Income is comparatively stable compared to the past year. Income Tax Expense is likely to gain to about 11.4 M in 2024, whereas Cost Of Revenue is likely to drop slightly above 258.1 M in 2024. View More Fundamentals

Novanta Stock Against Markets

Novanta Corporate Management

Ray NashCorporate IRProfile
Michele WelshGeneral SecretaryProfile
Sarah BetadamChief OfficerProfile
John IIChief ControllerProfile
Heinrich DreyerGroup SolutionsProfile
Anna FainEquity DiversityProfile

Additional Tools for Novanta Stock Analysis

When running Novanta's price analysis, check to measure Novanta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Novanta is operating at the current time. Most of Novanta's value examination focuses on studying past and present price action to predict the probability of Novanta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novanta's price. Additionally, you may evaluate how the addition of Novanta to your portfolios can decrease your overall portfolio volatility.