On 11/6/24, Novanta Inc (NASDAQ: NOVT) stock enjoyed a major increase of 10.5%, closing at $181.94. Moreover, this advance was accompanied by exceptionally high trading volume at 250% of normal. The stock has performed in line with the market over the last nine months and has risen 2.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NOVT is expected to continue to be a major Value Builder.
Novanta has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Novanta has a very low Appreciation Score of 11 but a neutral Power Rating of 53, producing the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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