Is There Now An Opportunity In Novanta Inc. (NASDAQ:NOVT)?
Is There Now An Opportunity In Novanta Inc. (NASDAQ:NOVT)?
Novanta Inc. (NASDAQ:NOVT), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in the past couple of months on the NASDAQGS. 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. However, what if the stock is still a bargain? Today I will analyse the most recent data on Novanta's outlook and valuation to see if the opportunity still exists.
Novanta Inc.(纳斯达克股票代码:NOVT)可能不是大盘股,但在过去几个月中,纳斯达克指数的股价上涨了两位数,涨幅超过10%。作为一家知名公司,往往会被分析师广泛报道,你可以假设该公司最近前景的任何变化都已经计入了股票的价格。但是,如果股票仍然很便宜怎么办?今天,我将分析有关Novanta前景和估值的最新数据,看看机会是否仍然存在。
Check out our latest analysis for Novanta
看看我们对 Novanta 的最新分析
Is Novanta Still Cheap?
Novanta 还便宜吗?
Novanta appears to be expensive according to my price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average. I've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 66.98x is currently well-above the industry average of 18.73x, meaning that it is trading at a more expensive price relative to its peers. If you like the stock, you may want to keep an eye out for a potential price decline 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 another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.
根据我的价格倍数模型,Novanta似乎很昂贵,该模型将公司的市盈率与行业平均水平进行了比较。在这种情况下,我之所以使用市盈率,是因为没有足够的知名度来预测其现金流。该股的66.98倍比率目前远高于行业平均水平的18.73倍,这意味着与同行相比,它的交易价格更昂贵。如果你喜欢这只股票,你可能需要留意未来可能出现的价格下跌。鉴于Novanta的股票波动性相当大(即相对于其他市场,其价格变动幅度有所放大),这可能意味着价格可能会下跌,从而为我们提供了将来又一次买入的机会。这是基于其高贝塔值,这是衡量股价波动的良好指标。
What does the future of Novanta look like?
诺万塔的未来会是什么样子?
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231119/0-d9c6bf95a9ab2a50840e3e73bcd7bbc0-0-79a21538aa20698dd5ba30edc62ac753.png/big)
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 33% over the next couple of years, the 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.
寻求投资组合增长的投资者可能需要在购买公司股票之前考虑公司的前景。尽管价值投资者会争辩说,最重要的是相对于价格的内在价值,但更有说服力的投资论点是以低廉的价格获得高增长潜力。预计未来几年利润将增长33%,诺万塔的前景似乎一片光明。看来该股有更高的现金流,这应该会促进股票估值的提高。
What This Means For You
这对你意味着什么
Are you a shareholder? NOVT's optimistic future growth appears to have been factored into the current share price, with shares trading above industry price multiples. At this current price, shareholders may be asking a different question – should I sell? If you believe NOVT should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.
你是股东吗?NOVT乐观的未来增长似乎已被纳入当前股价,股票交易价格高于行业价格倍数。以目前的价格,股东们可能会问另一个问题——我应该卖出吗?如果您认为NOVT的交易价格应该低于其当前价格,那么当其价格跌至行业市盈率时,高价卖出并再次回购可能是有利可图的。但是在你做出这个决定之前,先看看它的基本面是否发生了变化。
Are you a potential investor? If you've been keeping tabs on NOVT for some time, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the positive outlook is encouraging for NOVT, which means it's worth diving deeper into other factors in order to take advantage of the next price drop.
你是潜在的投资者吗?如果你关注NOVT已有一段时间了,那么现在可能不是进入该股的最佳时机。价格已经超过了业内同行,这意味着错误定价可能没有更多的好处。但是,对于NOVT来说,乐观的前景令人鼓舞,这意味着值得更深入地研究其他因素,以利用下一次价格下跌的机会。
So while earnings quality is important, it's equally important to consider the risks facing Novanta at this point in time. For example - Novanta has 1 warning sign we think you should be aware of.
因此,尽管收益质量很重要,但考虑诺万塔此时面临的风险同样重要。例如,Novanta 有 1 个警告标志,我们认为你应该注意。
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.
如果您不再对Novanta感兴趣,可以使用我们的免费平台查看我们列出的其他50多只具有高增长潜力的股票清单。
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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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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。