NOVT: Novanta, Inc.
About
Novanta, Inc. engages in the provision of core technology solutions to healthcare and advanced industrial original equipment manufacturers. It operates through the following segments: Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products. The Vision segment offers a range of medical grade technologies, including medical insufflators, pumps and related disposables, surgical displays and operating room integration technologies, optical data collection and machine vision technologies, radio frequency identification technologies, thermal printers, spectrometry technologies, and embedded touch screen solutions. The Precision Motion segment includes optical encoders, precision motor and motion control technology, air bearing spindles, and precision machined components to customers. The company was founded in 1968 and is headquartered in Bedford, MA.
Current Value
$165.351 Year Return
Current Value
$165.351 Year Return
Key Details
Market Cap
$5.92B
P/E Ratio
98.9
1Y Stock Return
14.17%
1Y Revenue Growth
3.86%
Dividend Yield
0.00%
Price to Book
8.0
Strategies that include NOVT
Stock's related to NOVT
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| AVNT | 70.07% | $4.68B | +49.53% | 2.01% |
| AEIS | 69.31% | $4.24B | +16.61% | 0.27% |
| FUL | 67.80% | $4.09B | -1.20% | 1.16% |
| KN | 67.70% | $1.64B | +15.33% | 0.00% |
| CBT | 67.56% | $5.96B | +40.55% | 1.53% |
| VSH | 67.54% | $2.11B | -30.37% | 2.58% |
| NPO | 66.41% | $3.78B | +40.12% | 0.65% |
| LFUS | 66.38% | $5.92B | +1.14% | 1.40% |
| SLAB | 66.22% | $3.36B | +1.60% | 0.00% |
| FELE | 66.17% | $4.87B | +19.23% | 0.93% |
| AIT | 66.16% | $10.35B | +66.31% | 0.54% |
| TKR | 65.79% | $5.27B | +2.84% | 1.79% |
| CGNX | 65.27% | $6.72B | +6.46% | 0.77% |
| MOG.A | 64.77% | $7.05B | +57.17% | 0.63% |
| RRX | 64.61% | $11.51B | +51.07% | 0.80% |
| CTS | 64.51% | $1.60B | +34.50% | 0.30% |
| DCI | 63.45% | $9.10B | +26.35% | 1.36% |
| ITT | 63.43% | $12.67B | +42.89% | 0.80% |
| IOSP | 63.43% | $2.95B | +11.70% | 1.31% |
| TY | 63.24% | - | - | 3.31% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| HUM | 0.01% | $35.61B | -42.65% | 1.19% |
| CYD | 0.20% | $384.48M | -0.79% | 4.00% |
| LPTH | -0.25% | $59.50M | +22.95% | 0.00% |
| CB | 0.30% | $114.93B | +25.78% | 1.24% |
| WM | 0.30% | $88.91B | +28.97% | 1.33% |
| MRK | -0.32% | $252.61B | -1.79% | 3.06% |
| NOC | 0.45% | $72.32B | +5.29% | 1.58% |
| LTM | 0.45% | $8.37B | -100.00% | <0.01% |
| BNED | -0.63% | $270.40M | -91.94% | 0.00% |
| CL | 0.72% | $77.00B | +21.96% | 2.09% |
| FENG | 0.76% | $13.53M | +94.49% | 0.00% |
| BCAN | 0.86% | $72.74M | -99.75% | 0.00% |
| OCX | 0.89% | $44.95M | -32.75% | 0.00% |
| KO | 0.90% | $274.67B | +9.14% | 2.99% |
| ALL | -0.93% | $53.88B | +49.52% | 1.80% |
| LICY | 1.01% | $48.30M | -64.70% | 0.00% |
| QTTB | -1.02% | $329.37M | +172.64% | 0.00% |
| VIRT | 1.05% | $3.25B | +113.85% | 2.55% |
| KHC | 1.06% | $37.59B | -10.35% | 5.13% |
| CME | -1.12% | $81.64B | +7.34% | 2.00% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| CBOE | -28.08% | $22.09B | +17.17% | 1.08% |
| HUSA | -17.26% | $18.58M | -19.77% | 0.00% |
| PGR | -14.25% | $154.33B | +62.01% | 0.44% |
| MCK | -13.92% | $79.75B | +37.34% | 0.41% |
| COR | -10.90% | $48.41B | +23.04% | 0.84% |
| RNR | -9.43% | $13.75B | +22.34% | 0.58% |
| CHD | -7.48% | $27.50B | +19.29% | 1.01% |
| NEUE | -7.34% | $41.96M | -33.09% | 0.00% |
| GIS | -6.82% | $35.60B | -1.16% | 3.70% |
| DOGZ | -6.67% | $567.92M | +1,322.65% | 0.00% |
| ACGL | -6.54% | $37.09B | +20.63% | 0.00% |
| CYCN | -5.74% | $3.85M | -33.95% | 0.00% |
| CPB | -4.45% | $13.23B | +8.54% | 3.29% |
| PULM | -4.44% | $22.32M | +230.27% | 0.00% |
| PG | -4.40% | $406.83B | +14.39% | 2.27% |
| PEP | -4.40% | $219.98B | -5.25% | 3.26% |
| STG | -4.30% | $35.47M | +5.43% | 0.00% |
| MNOV | -4.20% | $98.09M | +5.26% | 0.00% |
| PRPO | -3.80% | $8.89M | -14.59% | 0.00% |
| TMDX | -3.75% | $2.66B | +15.07% | 0.00% |
ETF's related to NOVT
News
Yahoo
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the electronic components industry, including Knowles (NYSE:KN) and its peers.
Finnhub
A Trusted NOVEMBER 2024 Safe Harbor Statement Certain statements in this presentation are forward-looking...
Yahoo
It's been a good week for Novanta Inc. ( NASDAQ:NOVT ) shareholders, because the company has just released its latest...
Yahoo
Novanta Inc (NOVT) reports a 10% revenue growth and optimistic outlook for 2025 despite short-term market headwinds.
SeekingAlpha
Novanta Inc. (NASDAQ:NOVT) Q3 2024 Results Conference Call November 5, 2024 10:00 AM ETCompany ParticipantsRay Nash - Corporate Finance LeaderMatthijs...
Yahoo
Novanta (NOVT) delivered earnings and revenue surprises of -1.16% and 1.13%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.