Novanta Inc (NASDAQ: NOVT) kicked off on Tuesday, down -3.24% from the previous trading day, before settling in for the closing price of $102.88. Over the past 52 weeks, NOVT has traded in a range of $98.76-$175.83.
During the last 5-year period, the sales growth of Technology Sector giant was 8.80%. While this was happening, its average annual earnings per share was recorded 5.95%. With a float of $35.46 million, this company’s outstanding shares have now reached $35.85 million.
Novanta Inc (NOVT) Breakdown of a Key Holders of the stock
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 0.87%, while institutional ownership is 99.61%. 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) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 12/31/2024, the organization reported 0.76 earnings per share (EPS), higher than consensus estimate (set at 0.71) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.81 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.95% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 8.80% growth over the previous five years of trading.
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 1.54. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.71. Likewise, its price to free cash flow for the trailing twelve months is 32.49.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.46, a number that is poised to hit 0.89 in the next quarter and is forecasted to reach 3.65 in one year’s time.
Technical Analysis of Novanta Inc (NOVT)
Looking closely at Novanta Inc (NASDAQ: NOVT), its last 5-days average volume was 1.02 million, which is a jump from its year-to-date volume of 0.37 million. As of the previous 9 days, the stock’s Stochastic %D was 4.51%.
During the past 100 days, Novanta Inc’s (NOVT) raw stochastic average was set at 1.55%, which indicates a significant increase from 1.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 6.64 in the past 14 days, which was higher than the 4.22 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $111.46, while its 200-day Moving Average is $122.89. However, in the short run, Novanta Inc’s stock first resistance to watch stands at $101.83. Second resistance stands at $104.12. The third major resistance level sits at $105.54. If the price goes on to break the first support level at $98.12, it is likely to go to the next support level at $96.70. Now, if the price goes above the second support level, the third support stands at $94.41.
Novanta Inc (NASDAQ: NOVT) Key Stats
The company with the Market Capitalisation of 3.56 billion has total of 35,775K 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 247,840 K and last quarter income was 10,650 K.
