Novanta Stock Today
| NOVT Stock | USD 169.79 5.07 3.08% |
Performance0 of 100
| Odds Of DistressLess than 1
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Novanta is selling for under 169.79 as of the 24th of November 2024; that is 3.08 percent increase since the beginning of the trading day. The stock's last reported lowest price was 164.17. Novanta has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Novanta are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of November 2023 and ending today, the 24th of November 2024. Click here to learn more.
Business Domain Technology Hardware & Equipment | IPO Date 4th of January 2016 | Category Technology | Classification Information Technology |
Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. Novanta Inc. The company has 35.92 M outstanding shares of which 1.71 M shares are now shorted by private and institutional investors with about 13.46 trading days to cover. More on Novanta
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Novanta Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO Chairman | Matthijs Glastra | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Electronic Equipment, Instruments & Components, Scientific & Technical Instruments, Information Technology, SP Midcap 400, NASDAQ Composite, Information Technology, Electronic Equipment, Instruments & Components, Scientific & Technical Instruments, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial Strength
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Debt LevelsNovanta can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Novanta's financial leverage. It provides some insight into what part of Novanta's total assets is financed by creditors.
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Novanta (NOVT) is traded on NASDAQ Exchange in USA. It is located in 125 Middlesex Turnpike, Bedford, MA, United States, 01730 and employs 2,900 people. Novanta is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 6.1 B. Novanta conducts business under Electronic Equipment, Instruments & Components sector and is part of Information Technology industry. The entity has 35.92 M outstanding shares of which 1.71 M shares are now shorted by private and institutional investors with about 13.46 trading days to cover.
Novanta currently holds about 100.49 M in cash with 109.51 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.82.
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Ownership AllocationThe majority of Novanta outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Novanta to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Novanta. Please pay attention to any change in the institutional holdings of Novanta as this could imply that something significant has changed or is about to change at the company.
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Novanta Stock Institutional Holders
| Instituion | Recorded On | 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 Historical Income Statement
Novanta Stock Against Markets
Novanta Corporate Management
| Ray Nash | Corporate IR | Profile | |
| Michele Welsh | General Secretary | Profile | |
| Sarah Betadam | Chief Officer | Profile | |
| John II | Chief Controller | Profile | |
| Heinrich Dreyer | Group Solutions | Profile | |
| Anna Fain | Equity Diversity | Profile |
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.