At the time of writing, Novanta Inc [NOVT] stock is trading at $108.74, up 2.09%. An important factor to consider is whether the stock is rising or falling in short-term value. The NOVT shares have gain 5.70% over the last week, with a monthly amount drifted -15.48%, 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.
For the past year, the stock price of Novanta Inc fluctuated between $98.27 and $175.83. Currently, Wall Street analysts expect the stock to reach $160 within the next 12 months. Novanta Inc [NASDAQ: NOVT] shares were valued at $108.74 at the most recent close of the market. An investor can expect a potential return of 47.14% based on the average NOVT price forecast.
Analyzing the NOVT fundamentals
According to Novanta Inc [NASDAQ:NOVT], the company’s sales were 960.31M for trailing twelve months, which represents an 1.40% jump. 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 105.83 points at the first support level, and at 102.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 110.56, and for the 2nd resistance point, it is at 112.39.
Ratios To Look Out For
It is important to note that Novanta Inc [NASDAQ:NOVT] has a current ratio of 2.51. On the other hand, the Quick Ratio is 1.54, and the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 4.05, the price to book ratio is 4.86 and price to earnings (TTM) ratio is 74.34.
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.
