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NOVT Stock Summary and Trading Ideas (Novanta - Common Shares | NASDAQ:NOVT)

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30-Day Implied Volatility | IV30 Full Chart

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Novanta - Common Shares (NOVT) Frequently Asked Questions

What does Novanta - Common Shares do?

Novanta Inc manufactures photonic and motion-control components for original equipment manufacturers in the medical equipment and industrial technology markets. The firm operates in three segments: Precision Medicine and Manufacturing, Medical Solutions, and Robotics and Automation. It generates the majority of its revenue from the Medical Solutions segment that designs, manufactures, and markets a range of medical-grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; and wireless technologies. The firm generates the majority of its revenue from the United States and Europe.

What symbol and exchange does Novanta - Common Shares stock trade?

Novanta - Common Shares trades on the NASDAQ stock market under the symbol NOVT.

What is Novanta - Common Shares stock price doing today?

As of April 25, 2024, NOVT stock price declined to $155.79 with 4,781 million shares trading.

What is Novanta - Common Shares's Beta?

NOVT has a beta of 2.12, meaning it tends to be more sensitive to market movements. NOVT has a correlation of 0.40 to the broad based SPY ETF.

How much is Novanta - Common Shares worth?

NOVT has a market cap of $5.58 billion. This is considered a Mid Cap stock.

How much money does Novanta - Common Shares make?

Last quarter Novanta - Common Shares reported $212 million in Revenue and $.63 earnings per share. This beat revenue expectation by $879,000 and met earnings estimates .

What is the highest and lowest price Novanta - Common Shares traded in the last 3 year period?

In the last 3 years, NOVT stock traded as high as $187.61 and as low as $110.84.

What are the top ETFs holding Novanta - Common Shares?

The top ETF exchange traded funds that NOVT belongs to (by Net Assets): VTI, IJH, VB, IWM, VXF.

Is Novanta - Common Shares (NOVT) a good investment?

NOVT has underperformed the market in the last year with a price return of -1.7% while the SPY ETF gained +22.7%. NOVT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.6% and -4.9%, respectively, while the SPY returned +3.2% and -2.9%, respectively.

What is the support and resistance for Novanta - Common Shares (NOVT) stock price?

NOVT support price is $154.01 and resistance is $161.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NOVT stock will trade within this expected range on the day.