Novanta Stock Price on December 16, 2024

NOVT Stock  USD 153.82  0.32  0.21%   
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 153.82, as last reported on the 25th of December, with the highest price reaching 155.00 and the lowest price hitting 151.99 during the day.
IPO Date
4th of January 2016
200 Day MA
169.3076
50 Day MA
170.3646
Beta
1.287
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
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 -0.0934, which conveys that the firm had a -0.0934% 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 Risk Adjusted Performance of (0.05), standard deviation of 2.24, and Mean Deviation of 1.5 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.

Sharpe Ratio = -0.0934

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsNOVT

Estimated Market Risk

 2.24
  actual daily
19
81% of assets are more volatile

Expected Return

 -0.21
  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
7.4447
Enterprise Value Ebitda
34.9313
Price Sales
5.988
Shares Float
35.6 M
Wall Street Target Price
164.78

Related Headline

Vontier Corp Headline on 16th of December 2024

Iron ore drags ASX miners down after disappointment from China. Meanwhile Digico and Ventia slump, while Chalmers unveils RBA shake-up.

Novanta Valuation on December 16, 2024

It is possible to determine the worth of Novanta on a given historical date. On December 16, 2024 Novanta was worth 165.49 at the beginning of the trading date compared to the closed value of 171.19. 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
  166.77    167.30    164.63    166.20    145,273  
12/16/2024
  165.49    173.16    164.46    171.19    226,158  
  169.59    171.31    164.98    165.65    169,142  
Backtest Novanta  |  Novanta History  |  Novanta Valuation   PreviousNext  
Open Value
165.49
158.76
Downside
171.19
Closing Value
172.22
Upside

Novanta Trading Date Momentum on December 16, 2024

On December 17 2024 Novanta was traded for  165.65  at the closing time. The top price for the day was 171.31  and the lowest listed price was  164.98 . The trading volume for the day was 169.1 K. The trading history from December 17, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 3.24% . The trading delta at closing time against the current closing price is 10.69% .

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 ReportedProjected for Next Year
Common Stock Shares Outstanding36 M26.5 M
Net Income Applicable To Common Shares85.2 M89.4 M

Novanta Quarterly Net Working Capital

280.33 Million

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.
A focus of Novanta technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Novanta trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Novanta Period Price Range

Low
December 25, 2024
0.00  NaN%
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 25, 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.

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.