Novanta Inc (NASDAQ: NOVT) kicked off on Friday, down -10.03% from the previous trading day, before settling in for the closing price of $115.73. Over the past 52 weeks, NOVT has traded in a range of $115.58-$187.12.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
It was noted that within the last five years, the titan of the Technology sector saw sales topped by 9.18%. While this was happening, its average annual earnings per share was recorded 12.34%. With a float of $35.61 million, this company’s outstanding shares have now reached $35.94 million.
The extent of productivity of a business whose workforce counts for 3000 workers is very important to gauge. In terms of profitability, gross margin is 43.08%, operating margin of 12.16%, and the pretax margin is 8.33%.
Novanta Inc (NOVT) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Scientific & Technical Instruments Industry. The insider ownership of Novanta Inc is 0.98%, while institutional ownership is 99.71%. The most recent insider transaction that took place on Dec 04 ’24, was worth 275,149. In this transaction Chief Financial Officer of this company sold 1,617 shares at a rate of $170.16, taking the stock ownership to the 120,419 shares. Before that another transaction happened on Dec 02 ’24, when Company’s Chief Executive Officer sold 2,000 for $168.51, making the entire transaction worth $337,017. This insider now owns 54,382 shares in total.
Novanta Inc (NOVT) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 12.34% per share during the next fiscal year.
Novanta Inc (NASDAQ: NOVT) Trading Performance Indicators
Take a look at Novanta Inc’s (NOVT) current performance indicators. Last quarter, stock had a quick ratio of 1.72. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.94. Likewise, its price to free cash flow for the trailing twelve months is 27.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.77, a number that is poised to hit 0.67 in the next quarter and is forecasted to reach 4.10 in one year’s time.
Technical Analysis of Novanta Inc (NOVT)
The latest stats from [Novanta Inc, NOVT] show that its last 5-days average volume of 0.51 million was superior to 0.25 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 9.32%. Additionally, its Average True Range was 5.01.
During the past 100 days, Novanta Inc’s (NOVT) raw stochastic average was set at 0.51%, which indicates a significant decrease from 1.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 58.02% in the past 14 days, which was higher than the 34.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $140.10, while its 200-day Moving Average is $161.87. Now, the first resistance to watch is $109.51. This is followed by the second major resistance level at $114.90. The third major resistance level sits at $117.80. If the price goes on to break the first support level at $101.22, it is likely to go to the next support level at $98.32. The third support level lies at $92.93 if the price breaches the second support level.
Novanta Inc (NASDAQ: NOVT) Key Stats
The company with the Market Capitalisation of 3.74 billion has total of 35,961K Shares Outstanding. Its annual sales at the moment are 949,250 K in contrast with the sum of 64,090 K annual income. Company’s last quarter sales were recorded 238,060 K and last quarter income was 16,460 K.
