Novanta Inc [NOVT] stock is trading at $102.88, down -0.88%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NOVT shares have lost -1.08% over the last week, with a monthly amount drifted -2.54%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Novanta Inc [NASDAQ: NOVT] stock has seen the most recent analyst activity on May 11, 2022, when William Blair upgraded its rating to an Outperform. Previously, Berenberg started tracking the stock with Buy rating on November 13, 2020, and set its price target to $109. On April 02, 2020, downgrade downgraded it’s rating to Mkt Perform. William Blair started tracking the stock assigning an Outperform rating. Robert W. Baird initiated its recommendation with an Outperform and recommended $54 as its price target on December 08, 2017.
Novanta Inc [NOVT] stock has fluctuated between $98.76 and $175.83 over the past year. Currently, Wall Street analysts expect the stock to reach $160 within the next 12 months. Novanta Inc [NASDAQ: NOVT] shares were valued at $102.88 at the most recent close of the market. An investor can expect a potential return of 55.52% based on the average NOVT price forecast.
Analyzing the NOVT fundamentals
Novanta Inc [NASDAQ:NOVT] reported sales of 960.31M for the trailing twelve months, which represents a growth of 1.40%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.63.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 101.37 points at the first support level, and at 99.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 104.80, and for the 2nd resistance point, it is at 106.72.
Ratios To Look Out For
For context, Novanta Inc’s Current Ratio is 2.51. In addition, the Quick Ratio stands at 1.54 and the Cash Ratio stands at 0.48. Considering the valuation of this stock, the price to sales ratio is 3.83, the price to book ratio is 4.60 and price to earnings (TTM) ratio is 70.34.
Transactions by insiders
Recent insider trading involved Buckley Robert, Chief Financial Officer, that happened on Dec 04 ’24 when 1617.0 shares were sold. Chief Executive Officer, Glastra Matthijs completed a deal on Dec 02 ’24 to sell 2000.0 shares. Meanwhile, Chief Financial Officer Buckley Robert sold 2041.0 shares on Dec 02 ’24.
