NASDAQ
NOVT

Novanta Inc

Scientific & Technical Instruments
Technology

Prices are adjusted according to historical splits.

Novanta Inc Stock Price

Vitals

Today's Low:
$156.55
Today's High:
$159.36
Open Price:
$157.89
52W Low:
$111.02
52W High:
$187.61
Prev. Close:
$159.09
Volume:
102096

Company Statistics

Market Cap.:
$5.70 billion
Book Value:
17.483
Revenue TTM:
$889.92 million
Operating Margin TTM:
13.65%
Gross Profit TTM:
$378.63 million
Profit Margin:
8.64%
Return on Assets TTM:
6.23%
Return on Equity TTM:
13.28%

Company Profile

Novanta Inc had its IPO on 2016-01-04 under the ticker symbol NOVT.

The company operates in the Technology sector and Scientific & Technical Instruments industry. Novanta Inc has a staff strength of 3,000 employees.

Stock update

Shares of Novanta Inc opened at $157.89 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $156.55 - $159.36, and closed at $156.69.

This is a -1.51% slip from the previous day's closing price.

A total volume of 102,096 shares were traded at the close of the day’s session.

In the last one week, shares of Novanta Inc have slipped by -6.88%.

Novanta Inc's Key Ratios

Novanta Inc has a market cap of $5.70 billion, indicating a price to book ratio of 9.9915 and a price to sales ratio of 5.9754.

In the last 12-months Novanta Inc’s revenue was $889.92 million with a gross profit of $378.63 million and an EBITDA of $170.42 million. The EBITDA ratio measures Novanta Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Novanta Inc’s operating margin was 13.65% while its return on assets stood at 6.23% with a return of equity of 13.28%.

In Q2, Novanta Inc’s quarterly earnings growth was a positive 18.4% while revenue growth was a positive 6.6%.

Novanta Inc’s PE and PEG Ratio

Forward PE
0
Trailing PE
73.9953
PEG
2.11

Its diluted EPS in the last 12-months stands at $2.15 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 2.11. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Novanta Inc’s profitability.

Novanta Inc stock is trading at a EV to sales ratio of 6.9278 and a EV to EBITDA ratio of 37.3967. Its price to sales ratio in the trailing 12-months stood at 5.9754.

Novanta Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets
$1.23 billion
Total Liabilities
$135.98 million
Operating Cash Flow
$0
Capital Expenditure
$3.33 million
Dividend Payout Ratio
0%

Novanta Inc ended 2024 with $1.23 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.23 billion while shareholder equity stood at $626.03 million.

Novanta Inc ended 2024 with $0 in deferred long-term liabilities, $135.98 million in other current liabilities, 423856000.00 in common stock, $169.73 million in retained earnings and $483.41 million in goodwill. Its cash balance stood at $91.33 million and cash and short-term investments were $91.33 million. The company’s total short-term debt was $13,488,000 while long-term debt stood at $403.59 million.

Novanta Inc’s total current assets stands at $414.34 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $147.98 million compared to accounts payable of $64.65 million and inventory worth $162.90 million.

In 2024, Novanta Inc's operating cash flow was $0 while its capital expenditure stood at $3.33 million.

Comparatively, Novanta Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price
$156.69
52-Week High
$187.61
52-Week Low
$111.02
Analyst Target Price
$165.5

Novanta Inc stock is currently trading at $156.69 per share. It touched a 52-week high of $187.61 and a 52-week low of $187.61. Analysts tracking the stock have a 12-month average target price of $165.5.

Its 50-day moving average was $167.08 and 200-day moving average was $159.25 The short ratio stood at 13.42 indicating a short percent outstanding of 0%.

Around 90.4% of the company’s stock are held by insiders while 10328.9% are held by institutions.

Frequently Asked Questions About Novanta Inc

The stock symbol (also called stock or share ticker) of Novanta Inc is NOVT

The IPO of Novanta Inc took place on 2016-01-04

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About

Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion in the United States and internationally. The company operates through three segments: Photonics, Vision, and Precision Motion. The Photonics segment offers photonics-based solutions, including laser scanning, beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products serving photonics-based applications for industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. The Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless technologies, video recorders, and video integration technologies for operating room integrations; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions. The Precision Motion segment offers optical and inductive encoders, precision motors, servo drives and motion control solutions, integrated stepper motors, intelligent robotic end-of-arm technology solutions, air bearings, and air bearing spindles. The company sells its products through its direct sales force and distributors under the Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, General Scanning, ATI Industrial Automation, Celera Motion, IMS, MicroE, Applimotion, Zettlex, Ingenia, and Westwind brands. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was incorporated in 1968 and is headquartered in Bedford, Massachusetts.

Address

125 Middlesex Turnpike, Bedford, MA, United States, 01730