On Monday Novanta Inc (NASDAQ: NOVT) opened higher 6.97% from the last session, before settling in for the closing price of $127.01. Price fluctuations for NOVT have ranged from $98.76 to $184.11 over the past 52 weeks.
A company in the Technology sector has jumped its sales by 8.80% annually for the last half of the decade. Company’s average yearly earnings per share was noted 5.84% at the time writing. With a float of $35.66 million, this company’s outstanding shares have now reached $35.97 million.
Novanta Inc (NOVT) Insider Updates
A key investor’s attitude towards the stock of the Scientific & Technical Instruments industry is another important factor to consider. The insider ownership of Novanta Inc is 0.87%, while institutional ownership is 100.73%. 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) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 12/31/2024, the company posted 0.76 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.71) by 0.05.
According to the Wall Street analysts, stocks earnings will be around 5.84% per share during the next fiscal year.
Novanta Inc (NASDAQ: NOVT) Trading Performance Indicators
Check out the current performance indicators for Novanta Inc (NOVT). In the past quarter, the stock posted a quick ratio of 1.62. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.11. Likewise, its price to free cash flow for the trailing twelve months is 39.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.70, a number that is poised to hit 0.94 in the next quarter and is forecasted to reach 3.78 in one year’s time.
Technical Analysis of Novanta Inc (NOVT)
Let’s dig in a bit further. During the last 5-days, its volume was 0.48 million. That was better than the volume of 0.32 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 82.90%.
During the past 100 days, Novanta Inc’s (NOVT) raw stochastic average was set at 96.12%, which indicates a significant increase from 95.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 4.99 in the past 14 days, which was higher than the 3.89 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $112.76, while its 200-day Moving Average is $125.02. However, in the short run, Novanta Inc’s stock first resistance to watch stands at $140.01. Second resistance stands at $144.16. The third major resistance level sits at $150.97. If the price goes on to break the first support level at $129.05, it is likely to go to the next support level at $122.24. Assuming the price breaks the second support level, the third support level stands at $118.09.
Novanta Inc (NASDAQ: NOVT) Key Stats
There are currently 35,974K shares outstanding in the company with a market cap of 4.89 billion. Presently, the company’s annual sales total 949,250 K according to its annual income of 64,090 K. Last quarter, the company’s sales amounted to 241,050 K and its income totaled 4,500 K.
