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The closing price of Novanta Inc (NASDAQ: NOVT) was $102.77 for the day, down -2.43% from the previous closing price of $105.33. In other words, the price has decreased by -$2.43 from its previous closing price. On the day, 0.82 million shares were traded. NOVT stock price reached its highest trading level at $105.24 during the session, while it also had its lowest trading level at $102.06.
Ratios:
Our analysis of NOVT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.59. For the most recent quarter (mrq), Quick Ratio is recorded 1.62 and its Current Ratio is at 2.54. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.62.
On November 13, 2020, Berenberg started tracking the stock assigning a Buy rating and target price of $109.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3789102592 and an Enterprise Value of 4101285120. As of this moment, Novanta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 60.51, and their Forward P/E ratio for the next fiscal year is 27.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.86 while its Price-to-Book (P/B) ratio in mrq is 4.61. Its current Enterprise Value per Revenue stands at 4.286 whereas that against EBITDA is 22.114.
Stock Price History:
The Beta on a monthly basis for NOVT is 1.51, which has changed by -0.41763473 over the last 52 weeks, in comparison to a change of 0.15101504 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 -12.71%, while the 200-Day Moving Average is calculated to be -21.59%.
Shares Statistics:
NOVT traded an average of 341.57K shares per day over the past three months and 403010 shares per day over the past ten days. A total of 35.97M shares are outstanding, with a floating share count of 35.61M. Insiders hold about 1.01% of the company’s shares, while institutions hold 99.72% stake in the company. Shares short for NOVT as of 1756425600 were 1906276 with a Short Ratio of 5.42, compared to 1753920000 on 1706621. Therefore, it implies a Short% of Shares Outstanding of 1906276 and a Short% of Float of 7.06.
Earnings Estimates
The dynamic stock of Novanta Inc (NOVT) is currently being evaluated by a team of 3.0 analysts, each contributing to its current rating.The consensus estimate for the next quarter is $0.94, with high estimates of $0.97 and low estimates of $0.91.
Analysts are recommending an EPS of between $3.29 and $3.22 for the fiscal current year, implying an average EPS of $3.26. EPS for the following year is $3.78, with 3.0 analysts recommending between $3.82 and $3.7.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $246.99M to a low estimate of $245.1M. As of the current estimate, Novanta Inc’s year-ago sales were $244.41MFor the next quarter, 3 analysts are estimating revenue of $255.17M. There is a high estimate of $256.54M for the next quarter, whereas the lowest estimate is $253.1M.
A total of 3 analysts have provided revenue estimates for NOVT’s current fiscal year. The highest revenue estimate was $977.94M, while the lowest revenue estimate was $972.7M, resulting in an average revenue estimate of $975.56M. In the same quarter a year ago, actual revenue was $949.25MBased on 3 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.
