Novanta Stock Price on November 20, 2024
| NOVT Stock | USD 154.74 1.68 1.07% |
Below is the normalized historical share price chart for Novanta extending back to March 24, 1999. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Novanta stands at 154.74, as last reported on the 29th of December, with the highest price reaching 156.88 and the lowest price hitting 152.41 during the day.
If you're considering investing in Novanta Stock, it is important to understand the factors that can impact its price. Novanta has Sharpe Ratio of -0.0911, which conveys that the firm had a -0.0911% return per unit of risk over the last 3 months. Novanta exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Novanta's Standard Deviation of 2.23, risk adjusted performance of (0.05), and Mean Deviation of 1.48 to check out the risk estimate we provide.
At this time, Novanta's Total Stockholder Equity is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 1.3 B in 2024, whereas Common Stock Total Equity is likely to drop slightly above 418.6 M in 2024. . At this time, Novanta's Price Fair Value is comparatively stable compared to the past year. Novanta Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 4th of January 2016 | 200 Day MA 168.9931 | 50 Day MA 169.1226 | Beta 1.287 |
Novanta |
Sharpe Ratio = -0.0911
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NOVT |
Estimated Market Risk
| 2.22 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Novanta is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Novanta by adding Novanta to a well-diversified portfolio.
Price Book 7.4892 | Enterprise Value Ebitda 35.1254 | Price Sales 6.0238 | Shares Float 35.6 M | Wall Street Target Price 164.78 |
Novanta Valuation on November 20, 2024
It is possible to determine the worth of Novanta on a given historical date. On November 20, 2024 Novanta was worth 164.52 at the beginning of the trading date compared to the closed value of 164.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Novanta stock. Still, in general, we apply an absolute valuation method to find Novanta's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Novanta where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Novanta's related companies.
| Open | High | Low | Close | Volume | |
| 163.27 | 166.66 | 162.40 | 165.72 | 377,782 | |
11/20/2024 | 164.52 | 165.43 | 163.52 | 164.94 | 226,199 |
| 166.30 | 166.84 | 164.59 | 164.72 | 321,576 |
| Backtest Novanta | | | Novanta History | | | Novanta Valuation | Previous | Next |
Novanta Trading Date Momentum on November 20, 2024
| On November 21 2024 Novanta was traded for 164.72 at the closing time. The top price for the day was 166.84 and the lowest listed price was 164.59 . The trading volume for the day was 321.6 K. The trading history from November 21, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.13% . The trading delta at closing time against the current closing price is 1.07% . |
Novanta Fundamentals Correlations and Trends
By evaluating Novanta's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Novanta's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Novanta financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Novanta Stock history
Novanta investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Novanta is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Novanta will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Novanta stock prices may prove useful in developing a viable investing in Novanta
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 36 M | 26.5 M | |
| Net Income Applicable To Common Shares | 85.2 M | 89.4 M |
Novanta Quarterly Net Working Capital |
|
Novanta Stock Technical Analysis
Novanta technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Novanta Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
Novanta cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Novanta December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Novanta stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novanta shares will generate the highest return on investment. By undertsting and applying Novanta stock market strength indicators, traders can identify Novanta entry and exit signals to maximize returns
Novanta Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Novanta's price direction in advance. Along with the technical and fundamental analysis of Novanta Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Novanta to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.4605 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Novanta Stock Analysis
When running Novanta's price analysis, check to measure Novanta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Novanta is operating at the current time. Most of Novanta's value examination focuses on studying past and present price action to predict the probability of Novanta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novanta's price. Additionally, you may evaluate how the addition of Novanta to your portfolios can decrease your overall portfolio volatility.