NASDAQ: NOVT
- Last Close 139.42
- Sector Technology
- Industry Scientific & Technical Instruments
- Investment Style Small Growth
- Day Range 137.09 – 140.58
- Year Range 111.02 – 187.61
- Market Cap 4.9924 Bil
- Volume / Avg 258,953.0 / 131,975.4
- Price / Sales 5.64
- Price / Book 7.97
- Forward Div Yield —
- Trailing Div Yield —
Morningstar‘s Stock Analysis NOVT
Valuation
Currency in —
Is it the right time to buy or sell?
Is it the right time to buy or sell?
1-Star Price
INVESTOR
5-Star Price
INVESTOR
Economic Moat
INVESTOR
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Company Profile NOVT
Business Description
Novanta Inc manufactures photonic and motion-control components for original equipment manufacturers in the medical equipment and industrial technology markets. The firm operates in three segments: photonics, vision, and precision motion. The photonics segment, which sells photonics-based products that include carbon dioxide lasers, laser scanning, super-resolution imaging lasers, and laser beam delivery items. The vision segment sells medical-grade technologies, including visualization solutions, imaging informatics products, and thermal printers contributing the majority of revenue. The precision motion segment sells optical encoders, motion control technology, and precision machined components. The firm generates the majority of its revenue from the United States and Europe.
Our Quantitative Research team models direct competitors or comparable companies from a bottom-up perspective to find companies describing their business in a similar fashion.
Novanta Inc
XNAS: NOVT
| Perceptron Inc
XNAS: PRCP
| Lumentum Holdings Inc
XNAS: LITE
| Integer Holdings Corp
XNYS: ITGR
| |
Price
| 139.42 | — | 44.80 | 78.50 |
Currency
| USD | — | USD | USD |
Change
| −$0.01 (< 0.01%) | — | −$1.19 (2.59%) | −$0.16 (0.20%) |
Market Cap
| 4.99 Bil | — | 3.00 Bil | 2.61 Bil |
Industry
| Scientific & Technical Instruments | Scientific & Technical Instruments | Communication Equipment | Medical Devices |
Sector
|
Technology
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Technology
|
Technology
|
Healthcare
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* Trading data in this section is delayed by at least 15 minutes.
FAQs for Novanta Inc Stock
No. NOVT does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.
Learn more about dividend yield.
NOVT’s market cap is 4.99 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares.
It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the
largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.
Learn more about market capitalization.
NOVT’s stock style is Small Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns.
Style is calculated by combining value and growth scores, which are first individually calculated.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.
Learn more about style.
NOVT’s price/sales is 5.64.
Price/sales represents the amount an investor is willing to pay for a dollar generated from
a particular company’s sales or revenues.
NOVT’s price/forward earnings is 65.15.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates.
The lower the Forward P/E, the cheaper the stock.
NOVT’s price/book is 7.97.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets,
based on historical, rather than current, valuations. Historical valuations generally do not reflect
a company’s current market value. Value investors frequently look for companies that have low price/book ratios.
See NOVT’s valuation ratios compared to the Market Index.
NOVT’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
Compare NOVT’s historical performance against its industry peers and the overall market.