NOVANTA INC stock forecast: down to 152.11 USD NOVT stock price prognosis

STOCK

Forecast for Fri 21 Jun 2024 price 150.50

NOVANTA INC stock price forecast for further price development down to -12.41% (time horizon: 1 day) and price target of 152.11 USD. Short-term (time horizon: 2 weeks) NOVANTA INC share price prediction for 2024-06-21 with daily closed price projections

Key Facts

Symbol NOVT 

ISIN US67000B1044 

CUSIP 67000B104

Currency USD

Category Miscellaneous Electrical Machinery, Equipment & Supplies

Forecast price change %

Relative Strength Index (RSI)

Finance numbers

Revenue 597,739,000.0

Earnings per share 1.23

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On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

Summerized Form 10-K with GPT-2

The Company changed its name to Novanta Inc. in May 2016. The restricted stock units vested in February 2021. As of December 31, 2020, our manufacturing facilities around the world were in operation. The vast majority of the segment's product offerings are sold to OEM customers. In addition, we also have trademarks registered in the United States and other countries. However, there can be no assurance that we will be able to sustain these advantages. Our teams must be diverse and inclusive, based on trust, commitment, and accountability. Internal and external courses are available for this purpose. The FDA can always review these letters-to-file in an inspection. We must continually introduce new products that meet evolving customer needs. Many similar laws have been proposed at the federal level and in other states. These factors would cause us not to be able to compete successfully in the future. 22 In addition, we may experience product delivery delays in the future. These market fluctuations could adversely affect the price of our common shares.

Summerized Form 10-K with GPT-2 https://www.sec.gov/Archives/edgar/data/1076930/000156459021009673/0001564590-21-009673.txt
Candlestick patterns

Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.

  • Meta analyst score 43.40/100
    • Not in ideal financial position.
    • Historical view, profit is growing.
    • Company revenue is growing faster compared with the industry.
    • Stock price is above book price value.

Institutional ownership list is based on filling form information

Holding name Date Amount
A - BARCLAYS PLC 2023-06-30 26777
A - Yarbrough Capital, LLC 2023-06-30 3030
A - OSAIC HOLDINGS, INC. 2023-06-30 10519
VOYA INVESTMENT MANAGEMENT LLC 2022-09-30 13641
MetLife Investment Management, LLC 2022-12-31 40281

Fund ownership list is based on filling form information

Fund name Date Amount Profile
Old Westbury Funds Inc 2023-07-31 5708 Long
Pacer Funds Trust 2023-07-31 6250 Long
Pacer Funds Trust 2023-07-31 1318 Long
iShares Trust 2023-11-30 17689 Long
SCHWAB STRATEGIC TRUST 2023-11-30 21365 Long

Insider trading for NOVANTA INC

CIK Name Date Action T-Test 1day T-Test 7day T-Test 14day T-Test 30day
1513778 Buckley Robert 2024-02-29 SALE Accept Accept Accept Accept
1561438 Glastra Matthijs 2024-01-02 SALE Accept Accept Accept Accept
1533151 Young Brian S 2024-03-01 SALE Accept Accept Accept Accept
Assets / Liabilities

Bollinger Bollinger Bands for NOVANTA INC can provide the information where the market is moving based on price information.

NOVANTA INC Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.

Converting prices to returns NOVANTA INC.

On-Balance Volume information for NOVANTA INC. On-Balance Volume information can be an indicator for bullish or bearish outcome.

Accumulation / Distribution (A/D) indicator information for NOVANTA INC. The indicator identify divergences between price and volume flow.

Aroon Oscillator information for NOVANTA INC. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.

Average Directional Index (ADX) information for NOVANTA INC. The index can be used to identify the strengh of a trend.

Moving Average Convergence Divergence (MACD) for NOVANTA INC. The indicator helps to predict trend direction and the momentum of the trend.

Stochastic Oscillator as momentum indicator for NOVANTA INC. The indicator is useful for identifying overbought and oversold levels.

Relative Strength Index (RSI) for NOVANTA INC. RSI is a momentum oscillator that measures the speed and change of price development. The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period. Primary usage of the indicator is to identify overbought or oversold signals. When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30 [ Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio ].

Heikin Ashi trading signals are generated based on the Heikin Ashi candles, which are a type of candlestick that smooths out the price action and can help to identify trends. Heikin Ashi signals can be used to identify both long and short trading opportunities.

The awesome oscillator is a momentum indicator that measures the speed and strength of price movements. It is calculated by subtracting a 34-period simple moving average (SMA) from a 5-period SMA.

The Parabolic SAR indicator is a trend-following indicator that uses a series of dots to indicate when a trend is likely to reverse. The Parabolic SAR is a lagging indicator, meaning that it does not predict reversals, but rather confirms them after they have already occurred.

Moving Average Crossover

52W High 52W Low Market Cap

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NOVANTA INC on Nasdaq

NOVANTA INC on finviz

Figure below show the stock predictions.
Date Closing price Prediction was updated
2024-05-24 152.11 2024-04-26 09:56
2024-05-20 152.68 2024-04-26 09:56
2024-05-21 152.46 2024-04-26 09:56
2024-05-03 154.37 2024-04-26 09:56
2024-05-22 152.33 2024-04-26 09:56
2024-05-23 152.22 2024-04-26 09:56
2024-05-27 152.00 2024-04-26 09:56
2024-05-28 151.80 2024-04-26 09:56
2024-06-10 151.13 2024-04-26 09:56
2024-06-11 151.03 2024-04-26 09:56
2024-06-05 151.31 2024-04-26 09:56
2024-05-30 151.73 2024-04-26 09:56
2024-06-03 151.56 2024-04-26 09:56
2024-06-04 151.38 2024-04-26 09:56
2024-05-31 151.63 2024-04-26 09:56
2024-05-29 151.75 2024-04-26 09:56
2024-06-06 151.27 2024-04-26 09:56
2024-06-07 151.20 2024-04-26 09:56
2024-06-12 150.95 2024-04-26 09:56
2024-06-17 150.75 2024-04-26 09:56
2024-06-18 150.69 2024-04-26 09:56
2024-06-19 150.63 2024-04-26 09:56
2024-06-13 150.90 2024-04-26 09:56
2024-06-14 150.82 2024-04-26 09:56
2024-06-20 150.57 2024-04-26 09:56
2024-06-21 150.50 2024-04-26 09:57
2024-05-09 152.80 2024-04-26 09:56
2024-05-15 153.01 2024-04-26 09:56
2024-05-16 152.57 2024-04-26 09:56
2024-05-17 152.42 2024-04-26 09:56
2024-05-10 153.08 2024-04-26 09:56
2024-05-01 154.92 2024-04-26 09:56
2024-05-02 154.37 2024-04-26 09:56
2024-05-06 154.52 2024-04-26 09:56
2024-05-07 153.66 2024-04-26 09:56
2024-05-08 153.49 2024-04-26 09:56
2024-04-29 155.43 2024-04-26 09:56
2024-04-30 155.05 2024-04-26 09:56
2024-05-13 153.47 2024-04-26 09:56
2024-05-14 153.33 2024-04-26 09:56

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.