Novanta Shares Owned By Insiders vs. Number Of Shares Shorted

NOVT Stock  USD 166.20  1.10  0.66%   
Based on the key profitability measurements obtained from Novanta's financial statements, Novanta is performing exceptionally good at this time. It has a great probability to showcase excellent profitability results in January. Profitability indicators assess Novanta's ability to earn profits and add value for shareholders. At this time, Novanta's Price To Sales Ratio is comparatively stable compared to the past year. Days Sales Outstanding is likely to gain to 78.43 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.0009 in 2024. At this time, Novanta's Operating Income is comparatively stable compared to the past year. Income Before Tax is likely to gain to about 87.9 M in 2024, whereas Net Income From Continuing Ops is likely to drop slightly above 42.3 M in 2024.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.320.4536
Way Down
Very volatile
For Novanta profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Novanta to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Novanta utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Novanta's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Novanta over time as well as its relative position and ranking within its peers.
  
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For more information on how to buy Novanta Stock please use our How to Invest in Novanta guide.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Novanta. If investors know Novanta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Novanta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.10)
Earnings Share
1.65
Revenue Per Share
25.689
Quarterly Revenue Growth
0.103
Return On Assets
0.0535
The market value of Novanta is measured differently than its book value, which is the value of Novanta that is recorded on the company's balance sheet. Investors also form their own opinion of Novanta's value that differs from its market value or its book value, called intrinsic value, which is Novanta's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Novanta's market value can be influenced by many factors that don't directly affect Novanta's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Novanta's value and its price as these two are different measures arrived at by different means. Investors typically determine if Novanta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Novanta's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Novanta Number Of Shares Shorted vs. Shares Owned By Insiders Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Novanta's current stock value. Our valuation model uses many indicators to compare Novanta value to that of its competitors to determine the firm's financial worth.
Novanta is rated below average in shares owned by insiders category among its peers. It is considered to be number one stock in number of shares shorted category among its peers making about  1,857,842  of Number Of Shares Shorted per Shares Owned By Insiders. Comparative valuation analysis is a catch-all technique that is used if you cannot value Novanta by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Novanta Number Of Shares Shorted vs. Shares Owned By Insiders

Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.

Novanta

Insiders Shares

 = 

Executives Shares

+

Employees

 = 
0.90 %
Although the research on effects of insider trading on prices and volatility is still relatively inconclusive, and investors are advised to pay close attention to the distribution of equities among company's stakeholders to avoid many problems associated with the disclosure of price-sensitive information.
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

Novanta

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
1.67 M
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.

Novanta Number Of Shares Shorted Comparison

Novanta is currently under evaluation in number of shares shorted category among its peers.

Novanta Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Novanta, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Novanta will eventually generate negative long term returns. The profitability progress is the general direction of Novanta's change in net profit over the period of time. It can combine multiple indicators of Novanta, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-24 M-22.8 M
Operating Income110.5 M116 M
Income Before Tax83.7 M87.9 M
Total Other Income Expense Net-26.7 M-28.1 M
Net Income72.9 M76.5 M
Income Tax Expense10.9 M11.4 M
Net Income Applicable To Common Shares85.2 M89.4 M
Net Income From Continuing Ops75.6 M42.3 M
Non Operating Income Net Other-273.6 K-259.9 K
Interest Income10.7 M7.5 M
Net Interest Income-25.6 M-24.3 M
Change To Netincome8.7 M8.9 M
Net Income Per Share 2.03  2.13 
Income Quality 1.65  1.73 
Net Income Per E B T 0.87  0.66 

Novanta Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Novanta. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Novanta position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Novanta's important profitability drivers and their relationship over time.

Learn to be your own money manager

Our tools can tell you how much better you can do entering a position in Novanta without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Competition Analyzer

Analyze and compare many basic indicators for a group of related or unrelated entities
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Use Investing Themes to Complement your Novanta position

In addition to having Novanta in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Cash Cows
Cash Cows Theme
Entities with stable and reliable earnings or profits, which allows them to pay consistent dividends to their shareholders. The Cash Cows theme has 25 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cash Cows Theme or any other thematic opportunities.
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Additional Tools for Novanta Stock Analysis

When running Novanta's price analysis, check to measure Novanta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Novanta is operating at the current time. Most of Novanta's value examination focuses on studying past and present price action to predict the probability of Novanta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novanta's price. Additionally, you may evaluate how the addition of Novanta to your portfolios can decrease your overall portfolio volatility.