Novanta Stock Buy Hold or Sell Recommendation
| NOVT Stock | USD 169.79 5.07 3.08% |
Given the investment horizon of 90 days and your typical level of risk aversion, our recommendation regarding Novanta is 'Hold'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Novanta given historical horizon and risk tolerance towards Novanta. When Macroaxis issues a 'buy' or 'sell' recommendation for Novanta, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Novanta Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Novanta Stock please use our How to Invest in Novanta guide. Note, we conduct extensive research on individual companies such as Novanta and provide practical buy, sell, or hold advice based on investors' constraints. Novanta. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
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Execute Novanta Buy or Sell Advice
The Novanta recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Novanta. Macroaxis does not own or have any residual interests in Novanta or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Novanta's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Novanta Trading Alerts and Improvement Suggestions
| Novanta generated a negative expected return over the last 90 days | |
| Novanta is unlikely to experience financial distress in the next 2 years | |
| Novanta has a strong financial position based on the latest SEC filings | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Segall Bryant Hamill LLC Sells 3,915 Shares of Novanta Inc. - MarketBeat |
Novanta Returns Distribution Density
The distribution of Novanta's historical returns is an attempt to chart the uncertainty of Novanta's future price movements. The chart of the probability distribution of Novanta daily returns describes the distribution of returns around its average expected value. We use Novanta price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Novanta returns is essential to provide solid investment advice for Novanta.
| Mean Return | -0.07 | Value At Risk | -2.48 | Potential Upside | 2.84 | Standard Deviation | 2.14 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Novanta historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Novanta Stock Institutional Investors
The Novanta's institutional investors refer to entities that pool money to purchase Novanta's securities or originate loans. These institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds.
| Shares | Geneva Capital Management | 2024-09-30 | 780 K | Capital Research & Mgmt Co - Division 3 | 2024-09-30 | 755.4 K | Jpmorgan Chase & Co | 2024-06-30 | 719 K | Allspring Global Investments Holdings, Llc | 2024-06-30 | 664.9 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 643.9 K | Amvescap Plc. | 2024-06-30 | 581.3 K | Kayne Anderson Rudnick Investment Management Llc | 2024-06-30 | 547.3 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 507.3 K | Wellington Management Company Llp | 2024-06-30 | 503 K | Blackrock Inc | 2024-06-30 | 4.4 M | Vanguard Group Inc | 2024-09-30 | 4.1 M |
Novanta Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (7.4M) | 22.1M | (19.1M) | (48.5M) | 11.4M | 11.9M | |
| Change In Cash | (3.1M) | 46.1M | (7.7M) | (17.3M) | 4.9M | 5.2M | |
| Free Cash Flow | 52.5M | 129.7M | 74.6M | 71.1M | 89.6M | 94.0M | |
| Depreciation | 38.3M | 38.3M | 43.4M | 53.2M | 46.6M | 24.6M | |
| Other Non Cash Items | 6.6M | (1.1M) | 6.2M | 3.9M | 488K | 463.6K | |
| Capital Expenditures | 10.7M | 10.5M | 20.0M | 19.6M | 20.0M | 31.0M | |
| Net Income | 40.8M | 44.5M | 50.3M | 74.1M | 72.9M | 76.5M | |
| End Period Cash Flow | 78.9M | 125.1M | 117.4M | 100.1M | 105.1M | 90.8M | |
| Change Receivables | (3.6M) | 18.0M | (25.4M) | (23.2M) | (20.9M) | (19.9M) | |
| Net Borrowings | 13.4M | (37.0M) | 247.6M | 8.4M | 9.7M | 9.2M | |
| Change To Netincome | 10.4M | 17.7M | 27.9M | 7.5M | 8.7M | 8.9M | |
| Investments | (63.8M) | (13.2M) | (306.7M) | (42.5M) | (19.9M) | (20.9M) |
Novanta Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Novanta or Electronic Equipment, Instruments & Components sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Novanta's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Novanta stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.31 | |
β | Beta against Dow Jones | 1.92 | |
σ | Overall volatility | 2.16 | |
Ir | Information ratio | -0.09 |
Novanta Volatility Alert
Novanta exhibits very low volatility with skewness of 1.44 and kurtosis of 8.79. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Novanta's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Novanta's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Novanta Fundamentals Vs Peers
Comparing Novanta's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Novanta's direct or indirect competition across all of the common fundamentals between Novanta and the related equities. This way, we can detect undervalued stocks with similar characteristics as Novanta or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Novanta's fundamental indicators could also be used in its relative valuation, which is a method of valuing Novanta by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Novanta to competition |
| Fundamentals | Novanta | Peer Average |
| Return On Equity | 0.0867 | -0.31 |
| Return On Asset | 0.0535 | -0.14 |
| Profit Margin | 0.07 % | (1.27) % |
| Operating Margin | 0.14 % | (5.51) % |
| Current Valuation | 6.52 B | 16.62 B |
| Shares Outstanding | 35.92 M | 571.82 M |
| Shares Owned By Insiders | 0.87 % | 10.09 % |
| Shares Owned By Institutions | 99.13 % | 39.21 % |
| Number Of Shares Shorted | 1.71 M | 4.71 M |
| Price To Earning | 126.20 X | 28.72 X |
| Price To Book | 8.22 X | 9.51 X |
| Price To Sales | 6.61 X | 11.42 X |
| Revenue | 881.66 M | 9.43 B |
| Gross Profit | 378.63 M | 27.38 B |
| EBITDA | 164.16 M | 3.9 B |
| Net Income | 72.88 M | 570.98 M |
| Cash And Equivalents | 100.49 M | 2.7 B |
| Cash Per Share | 2.82 X | 5.01 X |
| Total Debt | 404.56 M | 5.32 B |
| Debt To Equity | 0.87 % | 48.70 % |
| Current Ratio | 2.01 X | 2.16 X |
| Book Value Per Share | 20.66 X | 1.93 K |
| Cash Flow From Operations | 109.51 M | 971.22 M |
| Short Ratio | 13.46 X | 4.00 X |
| Earnings Per Share | 1.66 X | 3.12 X |
| Price To Earnings To Growth | 2.11 X | 4.89 X |
| Target Price | 178.0 | |
| Number Of Employees | 2.9 K | 18.84 K |
| Beta | 1.29 | -0.15 |
| Market Capitalization | 6.1 B | 19.03 B |
| Total Asset | 1.23 B | 29.47 B |
| Retained Earnings | 203.46 M | 9.33 B |
| Working Capital | 276.12 M | 1.48 B |
Note: Disposition of 900 shares by Matthijs Glastra of Novanta at 183.16 subject to Rule 16b-3 [view details]
Novanta Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Novanta . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Novanta Buy or Sell Advice
When is the right time to buy or sell Novanta? Buying financial instruments such as Novanta Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Novanta in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Asset Allocation ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Asset Allocation ETFs theme has 144 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Asset Allocation ETFs Theme or any other thematic opportunities.
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Additional Tools for Novanta Stock Analysis
When running Novanta's price analysis, check to measure Novanta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Novanta is operating at the current time. Most of Novanta's value examination focuses on studying past and present price action to predict the probability of Novanta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novanta's price. Additionally, you may evaluate how the addition of Novanta to your portfolios can decrease your overall portfolio volatility.