Novanta Stock Short Ratio
| NOVT Stock | USD 134.33 2.34 1.71% |
Novanta fundamentals help investors to digest information that contributes to Novanta's financial success or failures. It also enables traders to predict the movement of Novanta Stock. The fundamental analysis module provides a way to measure Novanta's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Novanta stock.
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Novanta Company Short Ratio Analysis
Novanta's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Novanta Short Ratio | 7.08 X |
Most of Novanta's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Novanta is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
| Competition |
Based on the latest financial disclosure, Novanta has a Short Ratio of 7.08 times. This is 45.98% higher than that of the Electronic Equipment, Instruments & Components sector and 64.27% higher than that of the Information Technology industry. The short ratio for all United States stocks is 77.0% lower than that of the firm.
Novanta Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Novanta's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Novanta could also be used in its relative valuation, which is a method of valuing Novanta by comparing valuation metrics of similar companies.Novanta is currently under evaluation in short ratio category among its peers.
Novanta Fundamentals
| Return On Equity | 0.0903 | ||||
| Return On Asset | 0.0605 | ||||
| Profit Margin | 0.07 % | ||||
| Operating Margin | 0.15 % | ||||
| Current Valuation | 5.25 B | ||||
| Shares Outstanding | 35.96 M | ||||
| Shares Owned By Insiders | 0.89 % | ||||
| Shares Owned By Institutions | 99.11 % | ||||
| Number Of Shares Shorted | 1.73 M | ||||
| Price To Earning | 126.20 X | ||||
| Price To Book | 6.56 X | ||||
| Price To Sales | 5.15 X | ||||
| Revenue | 949.25 M | ||||
| Gross Profit | 424.32 M | ||||
| EBITDA | 179.86 M | ||||
| Net Income | 64.09 M | ||||
| Cash And Equivalents | 100.49 M | ||||
| Cash Per Share | 2.82 X | ||||
| Total Debt | 467.07 M | ||||
| Debt To Equity | 0.87 % | ||||
| Current Ratio | 2.01 X | ||||
| Book Value Per Share | 20.75 X | ||||
| Cash Flow From Operations | 158.51 M | ||||
| Short Ratio | 7.08 X | ||||
| Earnings Per Share | 1.77 X | ||||
| Price To Earnings To Growth | 2.11 X | ||||
| Target Price | 161.11 | ||||
| Number Of Employees | 3 K | ||||
| Beta | 1.34 | ||||
| Market Capitalization | 4.89 B | ||||
| Total Asset | 1.39 B | ||||
| Retained Earnings | 267.55 M | ||||
| Working Capital | 265.86 M | ||||
| Current Asset | 208.74 M | ||||
| Current Liabilities | 36.6 M | ||||
| Net Asset | 1.39 B |
About Novanta Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Novanta's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Novanta using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Novanta based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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.