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As of close of business last night, Novanta Inc’s stock clocked out at $113.74, down -1.69% from its previous closing price of $115.7. In other words, the price has decreased by -$1.69 from its previous closing price. On the day, 0.58 million shares were traded. NOVT stock price reached its highest trading level at $117.0617 during the session, while it also had its lowest trading level at $113.38.
Ratios:
To gain a deeper understanding of NOVT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 37.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.75. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 4161826048 and an Enterprise Value of 4495135744. As of this moment, Novanta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 66.97, and their Forward P/E ratio for the next fiscal year is 29.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.28 while its Price-to-Book (P/B) ratio in mrq is 5.11. Its current Enterprise Value per Revenue stands at 4.698 whereas that against EBITDA is 24.238.
Stock Price History:
The Beta on a monthly basis for NOVT is 1.52, which has changed by -0.34673482 over the last 52 weeks, in comparison to a change of 0.19283521 over the same period for the S&P500. Over the past 52 weeks, NOVT has reached a high of $186.75, while it has fallen to a 52-week low of $98.76. The 50-Day Moving Average of the stock is -9.46%, while the 200-Day Moving Average is calculated to be -19.29%.
Shares Statistics:
It appears that NOVT traded 272.68K shares on average per day over the past three months and 370820 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 1.00% of the company’s shares, while institutions hold 101.02% stake in the company. Shares short for NOVT as of 1752537600 were 1659667 with a Short Ratio of 6.09, compared to 1749772800 on 1568615. Therefore, it implies a Short% of Shares Outstanding of 1659667 and a Short% of Float of 6.15.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
The market rating for Novanta Inc (NOVT) is a result of the insights provided by 3.0 analysts actively involved in the assessment.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 $3.32 and $3.22 for the fiscal current year, implying an average EPS of $3.28. EPS for the following year is $3.82, with 3.0 analysts recommending between $3.95 and $3.7.
Revenue Estimates
In the current quarter, 3 analysts expect revenue to total $247.35M. It ranges from a high estimate of $251.2M 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 $255.28M. There is a high estimate of $256.85M 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 $979.98M, while the lowest revenue estimate was $972.7M, resulting in an average revenue estimate of $976.24M. In the same quarter a year ago, actual revenue was $949.25MBased on 3 analysts’ estimates, the company’s revenue will be $1.05B in the next fiscal year. The high estimate is $1.06B and the low estimate is $1.04B.
