NASDAQ · STOCK
Novanta
$142.64
52W $98.27 – $171.85
52/100
$5.08B
101.8
1.68
Is NOVT Bullish or Bearish?
Mixed.
Innellis AI committee rates Novanta (NOVT) Watch with a composite score of 52/100
, based on 7 analysts with 100% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +8.10 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -11.90 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee sees neither a compelling opportunity nor a clear risk at this stage. Conditions remain neutral — patience is warranted.
Bull & Bear Case
Bull Case
- 4 consecutive earnings beats -- consistent execution — Growth
- Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement — Technical
- Low leverage (debt-to-equity 0.19) -- balance sheet can absorb a shock — Risk
- Market regime is bullish (Bull market -- normal position sizing) — Macro
- Beta of 1.69 means this name should amplify a favorable market regime — Macro
Bear Case
- P/E of 95.1 is expensive by classic value standards — Value
- EPS declining -29.1% YoY despite any revenue growth — Growth
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
- Bollinger bandwidth of 19.2% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of July 31, 2026
Overall Committee Score
52/100
Agreement
100%
Analysts
7
Conviction
Unanimous
Sector Rank
Top 70%
of 172 Technology peers
Value Analyst
neutral
48
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
− P/E of 95.1 is expensive by classic value standards
Growth Analyst
neutral
44
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ 4 consecutive earnings beats -- consistent execution
− EPS declining -29.1% YoY despite any revenue growth
Technical Analyst
neutral
54
/ 100 · High confidence
Mixed or range-bound price action
+ Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement
− MACD histogram negative -- bearish momentum
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.19) -- balance sheet can absorb a shock
− Bollinger bandwidth of 19.2% signals elevated volatility
Macro Analyst
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2744.14)
Investment Thesis Evolution
Committee score moved marginally from 51.9 to 51.9.
- Conviction changed from high to unanimous.
- Committee agreement increased notably from 86% to 100%.
- New bearish signals: 4 appeared.
- New bullish signals: 2 appeared.
- Bearish pressure eased: 5 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst.
Analyst-level changes:
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +2 bullish signal(s).
- Portfolio Manager: +2 bearish signal(s).
- Risk Analyst: +1 bearish signal(s).
- Technical Analyst: score 46->54 (+8).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
45.8
Neutral
MACD Histogram
-0.576
Bearish Momentum
Trend Direction
Sideways
Weekly: Sideways
Market Structure
Mixed
Support
$137.84
Resistance
$145.99
Bollinger %B
0.34
Inside Bands
Price vs Moving Averages
EMA 9
$142.21
Above
EMA 21
$146.11
Below
EMA 50
$148.15
Below
EMA 200
$138.15
Above
Fundamental Analysis
Valuation
52
Growth
48
Profitability
0
Financial Health
100
Cash Flow
37
Valuation
P/E Ratio
101.8×
P/B Ratio
4.40×
PEG Ratio
-3.56
Dividend Yield
0.00%
52W High
$171.85
52W Low
$98.27
Quality & Growth
ROE
4.1%
ROA
3.0%
Gross Margin
41.5%
Operating Margin
11.6%
Revenue Growth YoY
—
Debt / Equity
0.22
AI Fundamental Assessment
P/E ratio of 101.8 (rich relative to a 15-40x range); Price-to-book of 4.4x; PEG ratio of -3.6 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.0%; Return on assets of 0.0%; Net margin of 0.1%; Gross margin of 0.4%; Current ratio of 3.56 (healthy short-term liquidity); Debt-to-equity of 0.22; Free cash flow margin of 0.8% (thin cash generation); Free cash flow per share is positive (1.66); Most recent quarter beat estimates by 2.2%; 4 consecutive earnings beats; EPS growth decelerating (+4.6% -> -11.0% QoQ); Analyst estimates falling over recent quarters
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