On Friday, Novanta Inc (NASDAQ: NOVT) was 7.35% up from the session before settling in for the closing price of $99.22. A 52-week range for NOVT has been $98.27 – $175.83.
Annual sales at Technology sector company grew by 8.80% over the past five years. When this article was written, the company’s average yearly earnings per share was at 5.95%. With a float of $35.46 million, this company’s outstanding shares have now reached $35.85 million.
Novanta Inc (NOVT) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Novanta Inc stocks. The insider ownership of Novanta Inc is 0.87%, while institutional ownership is 99.24%. 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
Going through the last 3-months fiscal report unveiled on the 12/31/2024, it has been observed that the corporation posted 0.76 earnings per share (EPS) during the time that was better than consensus figure (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
You can see what Novanta Inc (NOVT) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.54. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.97. Likewise, its price to free cash flow for the trailing twelve months is 34.76.
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)
Novanta Inc (NASDAQ: NOVT) saw its 5-day average volume 0.62 million, a positive change from its year-to-date volume of 0.37 million. As of the previous 9 days, the stock’s Stochastic %D was 26.02%.
During the past 100 days, Novanta Inc’s (NOVT) raw stochastic average was set at 21.08%, which indicates a significant decrease from 22.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 6.45 in the past 14 days, which was higher than the 4.26 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $110.64, while its 200-day Moving Average is $122.19. Nevertheless, the first resistance level for the watch stands at $109.66 in the near term. At $112.81, the stock is likely to face the second major resistance level. The third major resistance level sits at $117.93. If the price goes on to break the first support level at $101.39, it is likely to go to the next support level at $96.27. Assuming the price breaks the second support level, the third support level stands at $93.12.
Novanta Inc (NASDAQ: NOVT) Key Stats
There are 35,775K outstanding shares of the company, which has a market capitalization of 3.81 billion. As of now, sales total 949,250 K while income totals 64,090 K. Its latest quarter income was 247,840 K while its last quarter net income were 10,650 K.
