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Stock impact report

Assessing Novanta (NOVT) Valuation After Recent Share Price Rebound And Analyst Fair Value Gap [Yahoo! Finance]

Novanta Inc. - Tangible Equity Units (NOVTU) 
Company Research Source: Yahoo! Finance
Novanta (NOVT) has drawn fresh attention after recent share price moves, with the stock last closing at US$137.89. Investors are weighing this against its current financial profile and recent return history. See our latest analysis for Novanta. Recent share price moves fit into a mixed picture, with a strong year to date share price return of 24.07% and a 30 day share price return of 12.36%. However, a 1 year total shareholder return of a 7.36% decline suggests longer term momentum has yet to match the recent bounce. If Novanta's recent move has you thinking about where else capital could work hard, this is a good moment to scan high growth tech and AI stocks for other tech names catching the market's attention. With revenue at US$960.3m, net income of US$52.8m and recent share gains following a 3 year total return decline of 14.23%, it is fair to ask: is Novanta now undervalued, or is the market already pricing in future growth? With Novanta last closing at $137.89 against Show less Read more
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