Novanta Inc's fundamentals are relatively healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 26/58 in the Electronic Equipment & Parts industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 155.50.In the medium term, the stock price is expected to trend up.The company has been performing well in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Novanta Inc's Score
Industry at a Glance
Industry Ranking
26 / 58
Overall Ranking
158 / 4562
Industry
Electronic Equipment & Parts
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
4
analysts
Buy
Current Rating
155.500
Target Price
+34.68%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Novanta Inc Highlights
StrengthsRisks
Novanta Inc. is a supplier of core technology solutions, which offer medical and advanced industrial original equipment manufacturers. Its segment includes Automation Enabling Technologies and Medical Solutions. The Automation Enabling Technologies segment designs, manufactures and markets laser beam delivery components, laser beam delivery solutions, CO2 lasers, solid state lasers, ultrafast lasers, optical and inductive encoders, precision motors, integrated stepper motors, servo drives, motion control solutions, intelligent robotic end-of-arm technology solutions, and air bearing spindles to customers worldwide. The Medical Solutions segment designs, manufactures and markets a range of medical grade technologies, including medical insufflators and endoscopic pumps and related disposables, laser beam delivery solutions, video processing and streaming and capture, machine vision technologies, radio frequency identification (RFID) technologies, thermal chart recorders, and others.
Undervalued
The company’s latest PB is 5.48, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 37.61M shares, decreasing 5.84% quarter-over-quarter.
Novanta Inc. is a supplier of core technology solutions, which offer medical and advanced industrial original equipment manufacturers. Its segment includes Automation Enabling Technologies and Medical Solutions. The Automation Enabling Technologies segment designs, manufactures and markets laser beam delivery components, laser beam delivery solutions, CO2 lasers, solid state lasers, ultrafast lasers, optical and inductive encoders, precision motors, integrated stepper motors, servo drives, motion control solutions, intelligent robotic end-of-arm technology solutions, and air bearing spindles to customers worldwide. The Medical Solutions segment designs, manufactures and markets a range of medical grade technologies, including medical insufflators and endoscopic pumps and related disposables, laser beam delivery solutions, video processing and streaming and capture, machine vision technologies, radio frequency identification (RFID) technologies, thermal chart recorders, and others.
Ticker SymbolNOVT
CompanyNovanta Inc
CEOGlastra (Matthijs)
Websitehttps://www.novanta.com/
FAQs
What is the current price of Novanta Inc (NOVT)?
The current price of Novanta Inc (NOVT) is 122.630.
What is the symbol of Novanta Inc?
The ticker symbol of Novanta Inc is NOVT.
What is the 52-week high of Novanta Inc?
The 52-week high of Novanta Inc is 157.110.
What is the 52-week low of Novanta Inc?
The 52-week low of Novanta Inc is 98.270.
What is the market capitalization of Novanta Inc?
The market capitalization of Novanta Inc is 4.40B.
What is the net income of Novanta Inc?
The net income of Novanta Inc is 64.09M.
Is Novanta Inc (NOVT) currently rated as Buy, Hold, or Sell?
According to analysts, Novanta Inc (NOVT) has an overall rating of Buy, with a price target of 155.500.
What is the Earnings Per Share (EPS TTM) of Novanta Inc (NOVT)?
The Earnings Per Share (EPS TTM) of Novanta Inc (NOVT) is 1.467.