Novanta Stock Analysis

Novanta Stock Analysis Notes

About 99.0% of the company shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 2.11. Novanta had not issued any dividends in recent years. The entity had 1:3 split on the 29th of December 2010. Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. Novanta Inc. was founded in 1968 and is headquartered in Bedford, Massachusetts. Novanta operates under Scientific Technical Instruments classification in the United States and is traded on NASDAQ Exchange. It employs 2700 people. To find out more about Novanta contact Matthijs Glastra at 781 266 5700 or learn more at https://www.novanta.com.

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Novanta Environmental, Social, and Governance (ESG) Scores

Novanta Thematic Classifications

Novanta Stock Institutional Investors

Note, although Novanta's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Novanta Market Capitalization

The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.14 B.

Novanta Profitablity

The company has Profit Margin (PM) of 0.07 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.14 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.14.

Management Efficiency

Novanta has return on total asset (ROA) of 0.0535 % which means that it generated a profit of $0.0535 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0867 %, meaning that it created $0.0867 on every $100 dollars invested by stockholders. Novanta's management efficiency ratios could be used to measure how well Novanta manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to 0.12 in 2025. Return On Capital Employed is likely to gain to 0.1 in 2025. At this time, Novanta's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 499.2 M in 2025, whereas Total Current Liabilities is likely to drop slightly above 106.1 M in 2025.

Technical Drivers

As of the 17th of February 2025, Novanta secures the Standard Deviation of 1.56, risk adjusted performance of (0.16), and Mean Deviation of 1.19. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Novanta, as well as the relationship between them.

Novanta Price Movement Analysis

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Novanta Corporate Filings

Novanta Forecast Models

Novanta's time-series forecasting models are one of many Novanta's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Novanta's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Novanta prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Novanta shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Novanta. By using and applying Novanta Stock analysis, traders can create a robust methodology for identifying Novanta entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Novanta analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Novanta analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Novanta stock analysis indicators help investors 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 understating and applying Novanta stock analysis, traders can identify Novanta position entry and exit signals to maximize returns.

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.