NOVT RSI Chart
Last 7 days
2.1%
Last 30 days
-9.1%
Last 90 days
-1.1%
Trailing 12 Months
2.4%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 875.8M | 889.9M | 888.5M | 881.7M |
2022 | 748.4M | 796.3M | 841.5M | 860.9M |
2021 | 597.7M | 620.5M | 655.3M | 706.8M |
2020 | 624.4M | 614.0M | 602.8M | 590.6M |
2019 | 624.6M | 629.3M | 622.6M | 626.1M |
2018 | 559.3M | 590.6M | 605.1M | 614.3M |
2017 | 403.4M | 424.8M | 473.3M | 521.3M |
2016 | 369.3M | 370.5M | 376.1M | 384.8M |
2015 | 380.2M | 379.8M | 377.4M | 373.6M |
2014 | 321.0M | 338.1M | 352.9M | 364.7M |
2013 | 281.4M | 290.8M | 301.1M | 316.9M |
2012 | 292.0M | 279.7M | 270.6M | 271.5M |
2011 | 290.5M | 295.1M | 299.7M | 304.3M |
2010 | 0 | 264.9M | 275.4M | 285.9M |
2009 | 0 | 0 | 0 | 254.4M |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Apr 01, 2024 | glastra matthijs | sold | -860,010 | 172 | -5,000 | chief executive officer |
Mar 01, 2024 | young brian s | sold | -1,070,820 | 175 | -6,119 | chief human resources officer |
Feb 29, 2024 | buckley robert | sold | -511,200 | 170 | -3,000 | chief financial officer |
Feb 26, 2024 | young brian s | sold (taxes) | -152,711 | 158 | -965 | chief human resources officer |
Feb 26, 2024 | glastra matthijs | sold (taxes) | -885,884 | 158 | -5,598 | chief executive officer |
Feb 26, 2024 | glastra matthijs | acquired | - | - | 11,576 | chief executive officer |
Feb 26, 2024 | buckley robert | acquired | - | - | 5,307 | chief financial officer |
Feb 26, 2024 | buckley robert | sold (taxes) | -406,228 | 158 | -2,567 | chief financial officer |
Feb 26, 2024 | chang peter l | acquired | - | - | 1,527 | cao-corporate controller |
Feb 26, 2024 | chang peter l | sold (taxes) | -77,226 | 158 | -488 | cao-corporate controller |
Which funds bought or sold NOVT recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
Apr 23, 2024 | NEW MEXICO EDUCATIONAL RETIREMENT BOARD | unchanged | - | 47,000 | 1,276,000 | 0.05% |
Apr 23, 2024 | Louisiana State Employees Retirement System | added | 1.98 | 99,190 | 1,800,130 | 0.04% |
Apr 23, 2024 | FIFTH THIRD BANCORP | added | 12.07 | 18,198 | 129,854 | -% |
Apr 23, 2024 | Global Retirement Partners, LLC | unchanged | - | 62.00 | 524 | -% |
Apr 23, 2024 | AMALGAMATED BANK | reduced | -16.92 | -525,000 | 3,281,000 | 0.03% |
Apr 23, 2024 | Values First Advisors, Inc. | reduced | -45.01 | -160,173 | 212,888 | 0.12% |
Apr 23, 2024 | REGIONS FINANCIAL CORP | added | 58.37 | 293,353 | 749,239 | 0.01% |
Apr 23, 2024 | Venturi Wealth Management, LLC | unchanged | - | 70.00 | 1,923 | -% |
Apr 22, 2024 | MetLife Investment Management, LLC | reduced | -0.82 | 910,999 | 6,449,940 | 0.05% |
Apr 22, 2024 | RAYMOND JAMES & ASSOCIATES | added | 0.77 | 373,947 | 8,549,730 | 0.01% |
Unveiling Novanta Inc's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to Novanta Inc)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
AAPL | 2.6T | 385.7B | 25.86 | 6.77 | ||||
APH | 69.8B | 12.6B | 36.2 | 5.56 | ||||
FTV | 28.0B | 6.1B | 32.32 | 4.57 | ||||
GLW | 26.9B | 12.6B | 44.89 | 2.14 | ||||
FLEX | 12.0B | 29.4B | 15.94 | 0.41 | ||||
MID-CAP | ||||||||
ARW | 6.9B | 33.1B | 7.59 | 0.21 | ||||
CGNX | 6.8B | 837.5M | 59.92 | 8.1 | ||||
BMI | 5.4B | 740.8M | 52.61 | 7.27 | ||||
AVT | 4.4B | 25.6B | 6.64 | 0.17 | ||||
ESE | 2.7B | 968.8M | 28.93 | 2.78 | ||||
SMALL-CAP | ||||||||
CNXN | 1.7B | 2.9B | 20.57 | 0.6 | ||||
BHE | 1.1B | 2.8B | 17 | 0.39 | ||||
GPRO | 271.4M | 1.0B | -5.1 | 0.27 | ||||
AEY | 32.6M | 56.7M | -3.8 | 0.59 | ||||
CPSH | 25.8M | 27.6M | 18.86 | 0.94 |
Novanta Inc News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Revenue | -4.5% | 212 | 222 | 229 | 219 | 218 | 223 | 215 | 204 | 199 | 178 | 168 | 163 | 147 | 143 | 145 | 155 | 160 | 154 | 155 | 157 | 156 |
Gross Profit | -5.0% | 97.00 | 102 | 104 | 98.00 | 95.00 | 98.00 | 95.00 | 90.00 | 83.00 | 76.00 | 72.00 | 69.00 | 62.00 | 59.00 | 59.00 | 64.00 | 66.00 | 64.00 | 66.00 | 66.00 | 65.00 |
Operating Expenses | 5.0% | 75.00 | 71.00 | 72.00 | 71.00 | 68.00 | 70.00 | 72.00 | 66.00 | 61.00 | 61.00 | 56.00 | 58.00 | 45.00 | 47.00 | 45.00 | 51.00 | 53.00 | 51.00 | 51.00 | 52.00 | 49.00 |
S&GA Expenses | 5.2% | 42.00 | 40.00 | 42.00 | 41.00 | 39.00 | 40.00 | 41.00 | 39.00 | 35.00 | 31.00 | 31.00 | 32.00 | 27.00 | 27.00 | 25.00 | 31.00 | 29.00 | 28.00 | 29.00 | 32.00 | 28.00 |
R&D Expenses | 6.5% | 23.00 | 22.00 | 23.00 | 23.00 | 22.00 | 21.00 | 22.00 | 21.00 | 19.00 | 17.00 | 17.00 | 19.00 | 16.00 | 15.00 | 14.00 | 15.00 | 15.00 | 14.00 | 13.00 | 14.00 | 13.00 |
EBITDA Margin | -1.2% | 0.18* | 0.18* | 0.18* | 0.18* | 0.18* | 0.18* | 0.17* | 0.16* | 0.15* | 0.15* | 0.15* | 0.15* | - | - | - | - | - | - | - | - | - |
Interest Expenses | -8.6% | 6.00 | 7.00 | 7.00 | 6.00 | 5.00 | 4.00 | 3.00 | 3.00 | 3.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 3.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Income Taxes | 82.7% | 3.00 | 2.00 | 4.00 | 1.00 | 4.00 | 4.00 | 3.00 | 2.00 | 5.00 | -0.07 | 3.00 | -1.95 | 2.00 | 2.00 | 0.00 | -0.04 | 0.00 | 2.00 | 3.00 | 0.00 | 2.00 |
Earnings Before Taxes | -31.5% | 16.00 | 23.00 | 25.00 | 20.00 | 19.00 | 27.00 | 21.00 | 21.00 | 19.00 | 14.00 | 14.00 | 9.00 | 15.00 | 10.00 | 12.00 | 12.00 | 10.00 | 11.00 | 13.00 | 12.00 | 14.00 |
EBT Margin | -2.9% | 0.09* | 0.10* | 0.10* | 0.10* | 0.10* | 0.10* | 0.09* | 0.09* | 0.08* | 0.08* | 0.08* | 0.08* | - | - | - | - | - | - | - | - | - |
Net Income | -41.0% | 13.00 | 21.00 | 21.00 | 18.00 | 15.00 | 22.00 | 17.00 | 19.00 | 14.00 | 14.00 | 12.00 | 11.00 | 13.00 | 8.00 | 12.00 | 12.00 | 9.00 | 9.00 | 10.00 | 12.00 | 12.00 |
Net Income Margin | -2.9% | 0.08* | 0.09* | 0.09* | 0.08* | 0.09* | 0.09* | 0.08* | 0.08* | 0.07* | 0.08* | 0.07* | 0.07* | - | - | - | - | - | - | - | - | - |
Free Cashflow | -13.4% | 33.00 | 38.00 | 23.00 | 7.00 | 36.00 | 11.00 | 18.00 | 5.00 | 23.00 | 8.00 | 23.00 | 20.00 | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Assets | 2.7% | 1,226 | 1,194 | 1,233 | 1,226 | 1,241 | 1,208 | 1,206 | 1,206 | 1,228 | 1,210 | 878 | 852 | 865 | 858 | 861 | 842 | 870 | 858 | 783 | 753 | 720 |
Current Assets | 6.1% | 415 | 391 | 414 | 405 | 421 | 408 | 399 | 375 | 374 | 353 | 336 | 309 | 304 | 303 | 310 | 297 | 305 | 297 | 285 | 287 | 282 |
Cash Equivalents | 38.3% | 105 | 76.00 | 91.00 | 83.00 | 100 | 85.00 | 100 | 99.00 | 117 | 102 | 134 | 114 | 125 | 107 | 97.00 | 74.00 | 79.00 | 61.00 | 66.00 | 74.00 | 82.00 |
Inventory | -2.9% | 149 | 154 | 163 | 167 | 168 | 163 | 154 | 139 | 126 | 119 | 95.00 | 90.00 | 93.00 | 102 | 107 | 112 | 117 | 119 | 113 | 107 | 105 |
Net PPE | 5.9% | 109 | 103 | 104 | 104 | 103 | 95.00 | 88.00 | 90.00 | 87.00 | 86.00 | 80.00 | 78.00 | 79.00 | 76.00 | 75.00 | 75.00 | 78.00 | 76.00 | 65.00 | 65.00 | 65.00 |
Goodwill | 1.4% | 485 | 478 | 483 | 483 | 479 | 465 | 466 | 476 | 480 | 493 | 283 | 282 | 286 | 280 | 274 | 269 | 275 | 269 | 230 | - | - |
Liabilities | 0.6% | 553 | 549 | 607 | 628 | 664 | 665 | 674 | 671 | 707 | 710 | 385 | 376 | 388 | 406 | 429 | 429 | 453 | 455 | 397 | 373 | 351 |
Current Liabilities | 0.6% | 139 | 138 | 136 | 142 | 165 | 158 | 198 | 183 | 184 | 188 | 127 | 117 | 114 | 134 | 129 | 135 | 135 | 125 | 99.00 | 101 | 104 |
Long Term Debt | 0.4% | 349 | 348 | 404 | 419 | 431 | 438 | 403 | 413 | 429 | 442 | 187 | 186 | 195 | 188 | 212 | 207 | 215 | 228 | 215 | 198 | 203 |
LT Debt, Current | 4.9% | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 4.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 6.00 | 5.00 | 5.00 | 5.00 | 5.00 | - | - | 2.00 | 5.00 |
LT Debt, Non Current | 0.4% | 349 | 348 | 404 | 419 | 431 | 438 | 403 | 413 | 429 | 442 | 187 | 186 | 195 | 188 | 212 | 207 | 215 | 228 | 215 | 198 | 203 |
Shareholder's Equity | 4.4% | 673 | 645 | 626 | 598 | 578 | 542 | 532 | 535 | 521 | 500 | 493 | 476 | 477 | 451 | 432 | 413 | 417 | 403 | 386 | 380 | 368 |
Retained Earnings | 6.6% | 203 | 191 | 170 | 149 | 131 | 115 | 93.00 | 75.00 | 57.00 | 43.00 | 29.00 | 18.00 | 6.00 | -6.45 | -14.71 | -26.37 | -38.32 | -47.54 | -56.46 | -66.84 | -79.09 |
Additional Paid-In Capital | 10.8% | 70.00 | 63.00 | 57.00 | 52.00 | 55.00 | 52.00 | 46.00 | 53.00 | 54.00 | 48.00 | 52.00 | 47.00 | 59.00 | 52.00 | 45.00 | 40.00 | 50.00 | 51.00 | 41.00 | 43.00 | 46.00 |
Shares Outstanding | 0.0% | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 35.00 | 35.00 | 35.00 | 35.00 | - | - | - | - | - | - | - | - | - |
Float | - | - | - | 5,033,820 | - | - | - | 4,218,705 | - | - | - | 4,835,362 | - | - | - | 3,653,922 | - | - | - | 3,166,216 | - | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Cashflow From Operations | -12.7% | 38,992 | 44,641 | 26,197 | 10,245 | 40,612 | 14,759 | 24,061 | 11,347 | 28,713 | 13,898 | 28,746 | 23,268 | 46,553 | 42,114 | 33,817 | 17,755 | 35,405 | 6,990 | 15,396 | 5,457 | 21,927 |
Share Based Compensation | 19.4% | 7,210 | 6,037 | 5,875 | 6,466 | 5,299 | 5,954 | 5,081 | 6,774 | 5,437 | 8,490 | 5,035 | 6,644 | 7,047 | 7,225 | 5,648 | 3,199 | 1,992 | 2,243 | 2,378 | 2,727 | 2,239 |
Cashflow From Investing | 9.5% | -6,151 | -6,795 | -3,326 | -3,620 | -4,258 | -25,667 | -5,795 | -6,821 | -4,564 | -291,297 | -5,375 | -5,468 | -3,360 | -2,524 | -2,171 | -5,101 | -2,792 | -26,608 | -32,039 | -2,405 | -3,333 |
Cashflow From Financing | 90.2% | -5,070 | -51,964 | -15,753 | -25,066 | -23,485 | -1,196 | -13,444 | -22,029 | -9,537 | 246,284 | -3,059 | -28,935 | -27,162 | -32,217 | -8,933 | -16,045 | -16,314 | 15,177 | 7,832 | -10,630 | -47,890 |
Buy Backs | - | - | - | - | - | - | - | 10,000 | - | - | - | - | - | - | - | - | 5,500 | 3,316 | 3,345 | 3,339 | - | 2,085 |
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Income Statement [Abstract] | |||
Revenue | $ 881,662 | $ 860,903 | $ 706,793 |
Cost of revenue | 481,765 | 482,431 | 406,465 |
Gross profit | 399,897 | 378,472 | 300,328 |
Operating expenses: | |||
Research and development and engineering | 91,682 | 85,770 | 72,522 |
Selling, general and administrative | 164,460 | 158,901 | 129,155 |
Amortization of purchased intangible assets | 20,445 | 26,338 | 16,577 |
Restructuring, acquisition and related costs | 12,814 | 4,384 | 18,020 |
Total operating expenses | 289,401 | 275,393 | 236,274 |
Operating income | 110,496 | 103,079 | 64,054 |
Interest income (expense), net | (25,818) | (15,616) | (7,387) |
Foreign exchange transaction gains (losses), net | (255) | 67 | (127) |
Other income (expense), net | (675) | (371) | (368) |
Income before income taxes | 83,748 | 87,159 | 56,172 |
Income tax provision | 10,870 | 13,108 | 5,841 |
Net income | $ 72,878 | $ 74,051 | $ 50,331 |
Earnings per Common Share: | |||
Basic | $ 2.03 | $ 2.08 | $ 1.42 |
Diluted | $ 2.02 | $ 2.06 | $ 1.41 |
Weighted average common shares outstanding—basic | 35,844 | 35,652 | 35,396 |
Weighted average common shares outstanding—diluted | 36,031 | 35,909 | 35,781 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
---|---|---|
Current Assets | ||
Cash and cash equivalents | $ 105,051 | $ 100,105 |
Accounts receivable, net of allowance of $571 and $995, respectively | 139,410 | 137,697 |
Inventories | 149,371 | 167,997 |
Prepaid income taxes and income taxes receivable | 8,105 | 1,508 |
Prepaid expenses and other current assets | 13,360 | 13,212 |
Total current assets | 415,297 | 420,519 |
Property, plant and equipment, net | 109,449 | 103,186 |
Operating lease assets | 38,302 | 43,317 |
Deferred tax assets | 27,862 | 15,113 |
Other assets | 5,617 | 4,414 |
Intangible assets, net | 145,022 | 175,766 |
Goodwill | 484,507 | 478,897 |
Total assets | 1,226,056 | 1,241,212 |
Current Liabilities | ||
Current portion of long-term debt | 4,968 | 4,800 |
Accounts payable | 57,195 | 75,225 |
Income taxes payable | 7,767 | 13,660 |
Current portion of operating lease liabilities | 8,189 | 7,793 |
Accrued expenses and other current liabilities | 61,056 | 63,044 |
Total current liabilities | 139,175 | 164,522 |
Long-term debt | 349,404 | 430,662 |
Operating lease liabilities | 37,345 | 40,808 |
Deferred tax liabilities | 16,305 | 17,194 |
Income taxes payable | 4,435 | 4,355 |
Other liabilities | 5,932 | 6,085 |
Total liabilities | 552,596 | 663,626 |
Commitments and Contingencies (Note 17) | ||
Stockholders Equity: | ||
Preferred shares, no par value; Authorized shares: 7,000; No shares issued and outstanding | ||
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 35,814 and 35,711, respectively | 423,856 | 423,856 |
Additional paid-in capital | 70,180 | 55,155 |
Retained earnings | 203,462 | 130,584 |
Accumulated other comprehensive loss | (24,038) | (32,009) |
Total stockholders' equity | 673,460 | 577,586 |
Total liabilities and stockholders’ equity | $ 1,226,056 | $ 1,241,212 |