Novanta Inc (NASDAQ: NOVT) is -20.04% lower on its value in year-to-date trading and has touched a low of $98.76 and a high of $187.12 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NOVT stock was last observed hovering at around $122.29 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $122.15, the stock is -1.88% and 0.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing -0.11% at the moment leaves the stock -17.91% off its SMA200. NOVT registered -24.25% loss for a year compared to 6-month loss of -26.50%.
The stock witnessed a -5.50% gain in the last 1 month and extending the period to 3 months gives it a -10.62%, and is -4.39% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.06% over the week and 1.85% over the month.
Novanta Inc (NOVT) has around 3000 employees, a market worth around $4.39B and $951.70M in sales. Current P/E ratio is 62.49 and Fwd P/E is 30.14. Profit margin for the company is 7.42%. Distance from 52-week low is 23.68% and -34.72% from its 52-week high. The company has generated returns on investments over the last 12 months (5.90%).
The EPS is expected to grow by 9.42% this year
The shares outstanding are 35.96M, and float is at 35.61M with Short Float at 4.61%.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.41 million shares valued at $718.66 million. The investor’s holdings represent 12.2572 of the NOVT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.93 million shares valued at $640.45 million to account for 10.9232 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 2.04 million shares representing 5.6812 and valued at over $333.1 million, while CONESTOGA CAPITAL ADVISORS, LLC holds 3.6995 of the shares totaling 1.33 million with a market value of $216.91 million.
Novanta Inc (NOVT) Insider Activity
The most recent transaction is an insider sale by Buckley Robert, the company’s Chief Financial Officer. SEC filings show that Buckley Robert sold 1,617 shares of the company’s common stock on Dec 04 ’24 at a price of $170.16 per share for a total of $0.28 million. Following the sale, the insider now owns 0.12 million shares.
Novanta Inc disclosed in a document filed with the SEC on Dec 02 ’24 that Glastra Matthijs (Chief Executive Officer) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Dec 02 ’24 and was made at $168.51 per share for $0.34 million. Following the transaction, the insider now directly holds 54382.0 shares of the NOVT stock.
Still, SEC filings show that on Dec 02 ’24, Buckley Robert (Chief Financial Officer) disposed off 2,041 shares at an average price of $168.23 for $0.34 million. The insider now directly holds 120,419 shares of Novanta Inc (NOVT).
