Novanta Inc. (NOVT): Price and Financial Metrics

Novanta Inc. (NOVT): $139.66

0.23 (+0.16%)

POWR Rating

Component Grades








NOVT Price/Volume Stats

Current price $139.66 52-week high $187.60
Prev. close $139.43 52-week low $111.02
Day low $137.09 Volume 173,978
Day high $140.58 Avg. volume 129,035
50-day MA $160.90 Dividend yield N/A
200-day MA $158.93 Market Cap 5.00B

NOVT Stock Price Chart Interactive Chart >


  • NOVT scores best on the Momentum dimension, with a Momentum rank ahead of 90.49% of US stocks.
  • The strongest trend for NOVT is in Quality, which has been heading up over the past 177 days.
  • NOVT ranks lowest in Value; there it ranks in the 5th percentile.

NOVT Stock Summary

  • With a one year PEG ratio of 187.65, NOVANTA INC is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than 85.61% of US stocks.
  • NOVT's current price/earnings ratio is 65.28, which is higher than 91.43% of US stocks with positive earnings.
  • The price/operating cash flow metric for NOVANTA INC is higher than 94.02% of stocks in our set with a positive cash flow.
  • Stocks that are quantitatively similar to NOVT, based on their financial statements, market capitalization, and price volatility, are CSGS, VMEO, AVID, DIOD, and PBYI.
  • Visit NOVT's SEC page to see the company's official filings. To visit the company's web site, go to

NOVT Valuation Summary

  • NOVT's price/earnings ratio is 65.3; this is 155.08% higher than that of the median Technology stock.
  • Over the past 243 months, NOVT's price/sales ratio has gone up 3.6.

Below are key valuation metrics over time for NOVT.

Stock Date P/S P/B P/E EV/EBIT
NOVT 2023-09-22 5.6 8.0 65.3 47.4
NOVT 2023-09-21 5.7 8.1 66.1 48.0
NOVT 2023-09-20 5.9 8.4 68.2 49.4
NOVT 2023-09-19 6.2 8.8 71.5 51.6
NOVT 2023-09-18 6.2 8.8 71.9 51.9
NOVT 2023-09-15 6.3 9.0 72.9 52.6

NOVT Growth Metrics

    Its 4 year revenue growth rate is now at 54.77%.
  • The 2 year cash and equivalents growth rate now stands at 34.06%.
  • The 4 year cash and equivalents growth rate now stands at -7.89%.
NOVT's revenue has moved up $215,391,000 over the prior 33 months.

The table below shows NOVT's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2022-09-30 841.49 78.88 72.543
2022-06-30 796.258 78.019 63.656
2022-03-31 748.425 82.704 57.841
2021-12-31 706.793 94.625 50.331
2021-09-30 655.331 112.465 49.233
2021-06-30 620.534 140.681 43.888

NOVT's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
  • NOVT has a Quality Grade of B, ranking ahead of 88.22% of graded US stocks.
  • NOVT's asset turnover comes in at 0.719 -- ranking 22nd of 53 Electrical Equipment stocks.
  • AME, BYRN, and CCF are the stocks whose asset turnover ratios are most correlated with NOVT.

The table below shows NOVT's key quality metrics over time.

Period Asset Turnover Gross Margin ROIC
2021-07-02 0.719 0.423 0.128
2021-04-02 0.696 0.416 0.120
2020-12-31 0.690 0.414 0.124
2020-10-02 0.703 0.412 0.111
2020-07-03 0.716 0.412 0.109
2020-04-03 0.745 0.417 0.111

NOVT Price Target

For more insight on analysts targets of NOVT, see our NOVT price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $145.00 Average Broker Recommendation 1.88 (Hold)

Novanta Inc. (NOVT) Company Bio

Novanta Inc. designs, develops, manufactures, and sells precision photonic and motion control components, and subsystems to original equipment manufacturers in the medical equipment and advanced industrial technology markets. The company operates through three segments: Laser Products, Vision Technologies, and Precision Motion. The company was founded in 1968 and is based in Bedford, Massachusetts.

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Latest NOVT News From Around the Web

Below are the latest news stories about NOVANTA INC that investors may wish to consider to help them evaluate NOVT as an investment opportunity.

Novanta Inc.'s (NASDAQ:NOVT) Intrinsic Value Is Potentially 24% Below Its Share Price

Key Insights Novanta's estimated fair value is US$111 based on 2 Stage Free Cash Flow to Equity Novanta's US$147 share...

Yahoo | September 21, 2023

Unveiling Novanta (NOVT)'s Value: Is It Really Priced Right? A Comprehensive Guide

An in-depth analysis of Novanta's intrinsic value, financial strength, and growth prospects

Yahoo | September 20, 2023

Implied Volatility Surging for Novanta (NOVT) Stock Options

Investors need to pay close attention to Novanta (NOVT) stock based on the movements in the options market lately.

Yahoo | September 14, 2023

Will Weakness in Novanta Inc.'s (NASDAQ:NOVT) Stock Prove Temporary Given Strong Fundamentals?

With its stock down 12% over the past month, it is easy to disregard Novanta (NASDAQ:NOVT). However, stock prices are...

Yahoo | August 28, 2023

Should You Exit Novanta (NOVT)?

Artisan Partners, an investment management company, released its “Artisan Global Discovery Fund” second quarter 2023 investor letter. A copy of the same can be downloaded here. In the second quarter, its Investor Class fund APFDX returned 1.78%, Advisor Class fund APDDX posted a return of 1.78%, and Institutional Class fund APHDX returned 1.83%, compared to a […]

Yahoo | August 24, 2023

Read More 'NOVT' Stories Here

NOVT Price Returns

1-mo -10.05%
3-mo -21.64%
6-mo -10.04%
1-year 16.25%
3-year 35.66%
5-year 103.73%
YTD 2.79%
2022 -22.95%
2021 49.15%
2020 33.67%
2019 40.38%
2018 26.00%

Continue Researching NOVT

Want to see what other sources are saying about Novanta Inc's financials and stock price? Try the links below:

Novanta Inc (NOVT) Stock Price | Nasdaq
Novanta Inc (NOVT) Stock Quote, History and News - Yahoo Finance
Novanta Inc (NOVT) Stock Price and Basic Information | MarketWatch

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