Novanta Stock Price and Value Analysis

Should you buy Novanta stock? (NasdaqGS:NOVT). Let's see how it does in our automated value investing analysis system.

NOVT Free Cash Flow Trend

Free Cash Flow trendline for NOVT
Free Cash Flow trendline for Novanta

Based on historical returns, we believe that Novanta can grow its free cash at a rate of about 2%. That's positive!

AdvantagesDisadvantagesNeutral
None.
  • This company is making money at a modest rate.
  • This company has wild ups and downs.
  • This stock looks overpriced.
  • This company is less known than others.
  • This company pays no dividend.

Inside the NOVT Numbers

NOVT Price
(Novanta stock price per share)
$126.95
[?] NOVT Fair Price
(based on intrinsic value)
$11.86
[?] NOVT Safety Price (based on a variable margin of safety) $7.12
[?] PE Ratio versus Sector 517% higher than other Technology stocks
[?] PE Ratio versus Industry 234% higher than other Scientific & Technical Instruments stocks
[?] Free Cash Flow Jitter 64%

This stock has short interest! This means that people have shorted it.

Why does that matter? They've made a bet that price will decrease from where they bought it. Maybe there are financial problems, or maybe there's a value play.

As of the latest analysis, there are 545,192 shares shorted. With 34,308,361 shares available for purchase and an average trading volume over the past 10 trading days of 107,357, it would take at least 5.078 days for all of the short holders to cover their shorts.

Is Novanta Stock on Sale?

We believe that Novanta may be worth examining further. It's making money, which is a very positive sign. Is it on sale?

Novanta looks overpriced right now. If you're looking for a bargain in the stock market, you should probably look elsewhere for a great deal. This might still be a great stock to own—but it's not on sale right now.

Should You Buy NOVT Stock?

Does Novanta have a coherent story? Does it have a plan to continue to make money? Is it worth your time? Only you can decide where to go from here. Our investment guide helps you ask the right questions, including how to buy stocks. Use these research links for more information.