Is There Now An Opportunity In Novanta Inc. (NASDAQ:NOVT)?
Is There Now An Opportunity In Novanta Inc. (NASDAQ:NOVT)?
Novanta Inc. (NASDAQ:NOVT), is not the largest company out there, but it saw a double-digit share price rise of over 10% in the past couple of months on the NASDAQGS. The company is now trading at yearly-high levels following the recent surge in its share price. As a well-established company, which tends to be well-covered by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. But what if there is still an opportunity to buy? Let's examine Novanta's valuation and outlook in more detail to determine if there's still a bargain opportunity.
Novanta股份有限公司(納斯達克:NOVT)雖然不是市場上最大的公司,但在過去幾個月裏在納斯達克普遍上漲了超過10%的股價。公司現在正在以年內最高水平交易,因爲最近的股價飆升。作爲一個成熟的公司,往往得到分析師的廣泛覆蓋,你可以假設公司前景的任何最新變化已經被定價到股票中。但是,如果仍有買入的機會呢?讓我們更詳細地審視一下Novanta的估值和前景,以確定是否仍有折扣的機會。
Is Novanta Still Cheap?
Novanta是否仍然便宜?
According to our valuation model, Novanta seems to be fairly priced at around 1.8% below our intrinsic value, which means if you buy Novanta today, you'd be paying a fair price for it. And if you believe that the stock is really worth $183.63, then there isn't much room for the share price grow beyond what it's currently trading. So, is there another chance to buy low in the future? Given that Novanta's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility.
根據我們的估值模型,Novanta似乎以略低於我們內在價值的1.8%的價格公平定價,這意味着如果你今天買入Novanta,你將以公平的價格購買它。如果你相信這家公司的股票真的值183.63美元,那麼股票價格增長的空間並不大。那麼,將來還有機會低買嗎?考慮到Novanta的股票價格相當波動(即相對於市場的其餘部分,其價格波動較大),這意味着價格可能會下跌,爲我們提供購買機會。這是基於其高beta,這是股票價格波動的良好指標。
What kind of growth will Novanta generate?
Novanta將會產生什麼樣的增長?
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Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 42% over the next year, the near-term future seems bright for Novanta. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
投資者在購買股票之前可能會考慮公司的前景是否有增長,儘管價值投資者認爲相對於價格的內在價值最爲重要,但更具有吸引力的投資論點應該是高增長潛力低價格。通過預計在未來一年內增長42%,Novanta的近期未來看起來很光明。股票看起來會有更高的現金流,這應該反映在更高的股票估值上。
What This Means For You
這對您意味着什麼?
Are you a shareholder? It seems like the market has already priced in NOVT's positive outlook, with shares trading around its fair value. However, there are also other important factors which we haven't considered today, such as the track record of its management team. Have these factors changed since the last time you looked at the stock? Will you have enough conviction to buy should the price fluctuates below the true value?
你是股東嗎?似乎市場已經爲NOVT的股票價格樂觀的前景定價,股票交易價格合理。然而,還有其他重要的因素我們今天沒有考慮到,例如其管理團隊的經營記錄。這些因素自上次你看股份之後是否發生了改變?如果價格低於真實價值,你有足夠的信念去買入嗎?
Are you a potential investor? If you've been keeping tabs on NOVT, now may not be the most advantageous time to buy, given it is trading around its fair value. However, the positive outlook is encouraging for the company, which means it's worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.
你是潛在的投資者嗎?如果你一直在關注NOVt,現在可能不是買入的最佳時機,因爲它正在合理的價格區間內交易。然而,積極的前景對公司來說是令人鼓舞的,這意味着需要進一步考慮其他因素,如其資產負債表的強度,以便利用下一輪股價下跌。
With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. For example - Novanta has 1 warning sign we think you should be aware of.
在這種情況下,我們不會考慮投資股票,除非我們對風險有徹底的了解。例如,Novanta有1個預警信號,我們認爲你應該了解。
If you are no longer interested in Novanta, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果你對Novanta不再感興趣,你可以使用我們的免費平台查看我們的其他50多隻具有高增長潛力的股票列表。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。