Novanta Stock Performance
| NOVT Stock | USD 169.79 5.07 3.08% |
The company secures a Beta (Market Risk) of 1.92, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Novanta will likely underperform. At this point, Novanta has a negative expected return of -0.0859%. Please make sure to verify Novanta's value at risk, rate of daily change, as well as the relationship between the Rate Of Daily Change and relative strength index , to decide if Novanta performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Novanta has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Novanta is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors. ...more
Actual Historical Performance (%)
One Day Return 3.08 | Five Day Return 0.83 | Year To Date Return 3.34 | Ten Year Return 1.3 K | All Time Return 965.35 |
Last Split Factor 1:3 | Last Split Date 2010-12-29 |
1 | Disposition of 278 shares by Owen Katherine Ann of Novanta subject to Rule 16b-3 | 08/30/2024 |
2 | Disposition of 19572 shares by Matthijs Glastra of Novanta subject to Rule 16b-3 | 09/05/2024 |
3 | Politan Provides Update on Why Masimo Shareholders Should Support Urgently Needed Board Change at Companys 2024 AGM | 09/06/2024 |
4 | Acquisition by Burke John Joseph Ii of 1747 shares of Novanta subject to Rule 16b-3 | 09/16/2024 |
5 | Disposition of 252 shares by Robert Buckley of Novanta at 170.52 subject to Rule 16b-3 | 09/20/2024 |
6 | Disposition of 1111 shares by Robert Buckley of Novanta at 14.13 subject to Rule 16b-3 | 09/27/2024 |
7 | Acquisition by Peter Chang of 577 shares of Novanta subject to Rule 16b-3 | 09/30/2024 |
8 | Novanta CFO sells shares worth over 600k | 10/03/2024 |
9 | Novanta to Present at the Baird 2024 Global Industrial Conference on Wednesday, November 13, 2024 | 10/15/2024 |
10 | Disposition of 3660 shares by Robert Buckley of Novanta at 14.13 subject to Rule 16b-3 | 11/01/2024 |
11 | Novantas Q3 Sales Top Estimates But Full-Year Sales Guidance Misses Expectations | 11/05/2024 |
12 | Novanta Third Quarter 2024 Earnings EPS Misses Expectations | 11/08/2024 |
13 | Disposition of 900 shares by Matthijs Glastra of Novanta at 183.16 subject to Rule 16b-3 | 11/11/2024 |
14 | Disposition of 1793 shares by Matthijs Glastra of Novanta at 180.48 subject to Rule 16b-3 | 11/13/2024 |
15 | This Insider Has Just Sold Shares In Novanta | 11/15/2024 |
16 | Segall Bryant Hamill LLC Sells 3,915 Shares of Novanta Inc. - MarketBeat | 11/21/2024 |
| Begin Period Cash Flow | 100.1 M |
Novanta |
Novanta Relative Risk vs. Return Landscape
If you would invest 18,201 in Novanta on August 27, 2024 and sell it today you would lose (1,222) from holding Novanta or give up 6.71% of portfolio value over 90 days. Novanta is currently does not generate positive expected returns and assumes 2.1633% risk (volatility on return distribution) over the 90 days horizon. In different words, 19% of stocks are less volatile than Novanta, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Novanta Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Novanta's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Novanta, and traders can use it to determine the average amount a Novanta's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0397
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NOVT |
Estimated Market Risk
| 2.16 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Novanta is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Novanta by adding Novanta to a well-diversified portfolio.
Novanta Fundamentals Growth
Novanta Stock prices reflect investors' perceptions of the future prospects and financial health of Novanta, and Novanta fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Novanta Stock performance.
| Return On Equity | 0.0867 | ||||
| Return On Asset | 0.0535 | ||||
| Profit Margin | 0.07 % | ||||
| Operating Margin | 0.14 % | ||||
| Current Valuation | 6.52 B | ||||
| Shares Outstanding | 35.92 M | ||||
| Price To Earning | 126.20 X | ||||
| Price To Book | 8.22 X | ||||
| Price To Sales | 6.61 X | ||||
| Revenue | 881.66 M | ||||
| Gross Profit | 378.63 M | ||||
| EBITDA | 164.16 M | ||||
| Net Income | 72.88 M | ||||
| Cash And Equivalents | 100.49 M | ||||
| Cash Per Share | 2.82 X | ||||
| Total Debt | 404.56 M | ||||
| Debt To Equity | 0.87 % | ||||
| Current Ratio | 2.01 X | ||||
| Book Value Per Share | 20.66 X | ||||
| Cash Flow From Operations | 109.51 M | ||||
| Earnings Per Share | 1.66 X | ||||
| Market Capitalization | 6.1 B | ||||
| Total Asset | 1.23 B | ||||
| Retained Earnings | 203.46 M | ||||
| Working Capital | 276.12 M | ||||
| Current Asset | 208.74 M | ||||
| Current Liabilities | 36.6 M | ||||
About Novanta Performance
Assessing Novanta's fundamental ratios provides investors with valuable insights into Novanta's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Novanta is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 109.09 | 137.29 | |
| Return On Tangible Assets | 0.12 | 0.13 | |
| Return On Capital Employed | 0.10 | 0.11 | |
| Return On Assets | 0.06 | 0.06 | |
| Return On Equity | 0.11 | 0.11 |
Things to note about Novanta performance evaluation
Checking the ongoing alerts about Novanta for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Novanta help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| 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 |
- Analyzing Novanta's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Novanta's stock is overvalued or undervalued compared to its peers.
- Examining Novanta's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Novanta's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Novanta's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Novanta's stock. These opinions can provide insight into Novanta's potential for growth and whether the stock is currently undervalued or overvalued.
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.