Novanta Inc's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 28 out of 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.
Media Coverage
The current financial score of Novanta Inc is 6.72, ranking 41 out of 58 in the Electronic Equipment & Parts industry. Its financial status is stable, and its operating efficiency is average. Its latest quarterly revenue reached 247.84M, representing a year-over-year increase of 1.40%, while its net profit experienced a year-over-year increase of 44.49%.
Key Metrics
The current valuation score of Novanta Inc is 4.65, ranking 57 out of 58 in the Electronic Equipment & Parts industry. Its current P/E ratio is 96.41, which is 13.18% below the recent high of 109.12 and 45.75% above the recent low of 52.30.
The current earnings forecast score of Novanta Inc is 7.50, ranking 33 out of 58 in the Electronic Equipment & Parts industry. The average price target is 158.50, with a high of 170.00 and a low of 138.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Novanta Inc is 9.00, ranking 25 out of 58 in the Electronic Equipment & Parts industry. Currently, the stock price is trading between the resistance level at 147.29 and the support level at 131.84, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
The current institutional shareholding score of Novanta Inc is 10.00, ranking 1 out of 58 in the Electronic Equipment & Parts industry. The latest institutional shareholding proportion is 105.77%, representing a quarter-over-quarter increase of 0.62%. The largest institutional shareholder is The Vanguard, holding a total of 4.33M shares, representing 12.11% of shares outstanding, with 6.65% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Electronic Equipment & Parts domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Novanta Inc is 5.25, ranking 25 out of 58 in the Electronic Equipment & Parts industry. The company's beta value is 1.62. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets. Novanta Inc’s latest ESG disclosure leads the Electronic Equipment & Parts industry, indicating outstanding, compliant performance across environmental management, social responsibility, and governance, which may help mitigate overall risk.
