Novanta Inc. (NOVT): Price and Financial Metrics

Novanta Inc. (NOVT): $140.18

1.86 (-1.31%)

POWR Rating

Component Grades








NOVT Price/Volume Stats

Current price $140.18 52-week high $187.60
Prev. close $142.04 52-week low $111.02
Day low $139.74 Volume 152,510
Day high $143.40 Avg. volume 128,557
50-day MA $162.66 Dividend yield N/A
200-day MA $159.02 Market Cap 5.02B

NOVT Stock Price Chart Interactive Chart >


  • Momentum is the dimension where NOVT ranks best; there it ranks ahead of 85.35% of US stocks.
  • The strongest trend for NOVT is in Stability, which has been heading up over the past 179 days.
  • NOVT ranks lowest in Value; there it ranks in the 4th percentile.

NOVT Stock Summary

  • NOVT's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 206.58 -- higher than 86.59% of US-listed equities with positive expected earnings growth.
  • With a price/earnings ratio of 71.86, NOVANTA INC P/E ratio is greater than that of about 92.21% of stocks in our set with positive earnings.
  • Price to trailing twelve month operating cash flow for NOVT is currently 60.19, higher than 94.62% of US stocks with positive operating cash flow.
  • If you're looking for stocks that are quantitatively similar to NOVANTA INC, a group of peers worth examining would be CSGS, VMEO, AVID, DIOD, and PBYI.
  • NOVT's SEC filings can be seen here. And to visit NOVANTA INC's official web site, go to

NOVT Valuation Summary

  • NOVT's price/sales ratio is 6.3; this is 152% higher than that of the median Technology stock.
  • NOVT's price/sales ratio has moved up 3.9 over the prior 243 months.

Below are key valuation metrics over time for NOVT.

Stock Date P/S P/B P/E EV/EBIT
NOVT 2023-09-15 6.3 9.0 72.9 52.6
NOVT 2023-09-14 6.4 9.1 73.7 53.1
NOVT 2023-09-13 6.3 8.9 72.9 52.5
NOVT 2023-09-12 6.3 9.0 73.0 52.6
NOVT 2023-09-11 6.4 9.1 74.1 53.4
NOVT 2023-09-08 6.4 9.0 73.6 53.1

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.

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

Novanta to Present at Baird's 2023 Global Healthcare Conference on Wednesday, September 13, 2023

BEDFORD, Mass., August 09, 2023--Novanta Inc. (Nasdaq: NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that Matthijs Glastra, Chair & Chief Executive Officer, and Robert Buckley, Chief Financial Officer, are scheduled to present at Baird's 2023 Global Healthcare Conference on Wednesday, September 13, 2023, in New York, New York.

Yahoo | August 9, 2023

Reasons for the Outperformance of Novanta (NOVT)

Conestoga Capital Advisors, an asset management company, released its “Small Cap Strategy” second-quarter 2023 investor letter. A copy of the same can be downloaded here. The Small Cap Composite rose 4.93% net-of-fees in the second quarter, compared to the Russell 2000 Growth Index’s 7.05% return. The key source of underperformance was poor stock selection, with allocation effects […]

Yahoo | August 9, 2023

Read More 'NOVT' Stories Here

NOVT Price Returns

1-mo -10.07%
3-mo -16.92%
6-mo -7.00%
1-year 15.02%
3-year 35.90%
5-year 98.56%
YTD 3.17%
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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