Novanta Inc (NASDAQ: NOVT). Notable negative changes in fundamentals have recently occurred: the stock’s power rating fell below 50, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Significant negative changes in investment behavior have recently occurred for Novanta Inc (NASDAQ: NOVT): the stock’s recent price decline challenged its longer term uptrend.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Novanta has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Novanta has a neutral Power Rating of 46 but a very low Appreciation Score of 12, triggering the Lowest Value Trend Rating.
Recent Price Action
Novanta Inc (NASDAQ: NOVT) stock declined slightly by -0.9% on 11/15/24. The stock closed at $168.19. Moreover, trading volume in this decline was above average at 137% of normal. The stock has performed in line with the market over the last nine months and has declined -7.3% during the last week.
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