Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Novanta Inc (NASDAQ: NOVT) closed the day trading at $107.26 down -19.04% from the previous closing price of $132.48. In other words, the price has decreased by -$19.04 from its previous closing price. On the day, 2.77 million shares were traded. NOVT stock price reached its highest trading level at $125.0 during the session, while it also had its lowest trading level at $106.4001.
Ratios:
For a better understanding of NOVT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 43.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.00. For the most recent quarter (mrq), Quick Ratio is recorded 1.54 and its Current Ratio is at 2.51. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.61.
On November 13, 2020, Berenberg started tracking the stock assigning a Buy rating and target price of $109.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 04 ’24 when Buckley Robert sold 1,617 shares for $170.16 per share. The transaction valued at 275,149 led to the insider holds 120,419 shares of the business.
Glastra Matthijs sold 2,000 shares of NOVT for $337,017 on Dec 02 ’24. The Chief Executive Officer now owns 54,382 shares after completing the transaction at $168.51 per share. On Dec 02 ’24, another insider, Buckley Robert, who serves as the Chief Financial Officer of the company, sold 2,041 shares for $168.23 each. As a result, the insider received 343,355 and left with 120,419 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NOVT now has a Market Capitalization of 3837239808 and an Enterprise Value of 4253302784. As of this moment, Novanta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 73.33, and their Forward P/E ratio for the next fiscal year is 28.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.00 while its Price-to-Book (P/B) ratio in mrq is 4.80. Its current Enterprise Value per Revenue stands at 4.429 whereas that against EBITDA is 23.566.
Stock Price History:
The Beta on a monthly basis for NOVT is 1.58, which has changed by -0.27467835 over the last 52 weeks, in comparison to a change of 0.13355756 over the same period for the S&P500. Over the past 52 weeks, NOVT has reached a high of $184.11, while it has fallen to a 52-week low of $98.76. The 50-Day Moving Average of the stock is -5.13%, while the 200-Day Moving Average is calculated to be -13.92%.
Shares Statistics:
Over the past 3-months, NOVT traded about 416.90K shares per day on average, while over the past 10 days, NOVT traded about 591620 shares per day. A total of 35.85M shares are outstanding, with a floating share count of 35.46M. Insiders hold about 0.87% of the company’s shares, while institutions hold 102.09% stake in the company. Shares short for NOVT as of 1760486400 were 1707082 with a Short Ratio of 4.09, compared to 1757894400 on 1851651. Therefore, it implies a Short% of Shares Outstanding of 1707082 and a Short% of Float of 6.329999999999999.
Earnings Estimates
The market rating of Novanta Inc (NOVT) is currently shaped by the ongoing analysis conducted by 2.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.84, with high estimates of $0.84 and low estimates of $0.84.
Analysts are recommending an EPS of between $3.28 and $3.28 for the fiscal current year, implying an average EPS of $3.28. EPS for the following year is $3.77, with 2.0 analysts recommending between $3.84 and $3.7.
Revenue Estimates
2 analysts predict $255.59M in revenue for. The current quarter. It ranges from a high estimate of $255.88M to a low estimate of $255.3M. As of. The current estimate, Novanta Inc’s year-ago sales were $238.06MFor the next quarter, 2 analysts are estimating revenue of $255.4M. There is a high estimate of $255.4M for the next quarter, whereas the lowest estimate is $255.4M.
A total of 2 analysts have provided revenue estimates for NOVT’s current fiscal year. The highest revenue estimate was $978.13M, while the lowest revenue estimate was $977.6M, resulting in an average revenue estimate of $977.86M. In the same quarter a year ago, actual revenue was $949.25MBased on 2 analysts’ estimates, the company’s revenue will be $1.04B in the next fiscal year. The high estimate is $1.05B and the low estimate is $1.04B.
