Novanta Inc Stock
Your prediction
Novanta Inc Stock
Pros and Cons of Novanta Inc in the next few years
Pros
Cons
Performance of Novanta Inc vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Novanta Inc | 0.680% | 0.000% | -3.896% | 0.680% | -4.516% | 43.689% | 91.214% |
| Zurn Water Solutions Corp. | -0.680% | -1.351% | -1.351% | 51.295% | 9.774% | -29.808% | 16.103% |
| Hubbell Inc. | 0.570% | -3.723% | -6.218% | - | 21.477% | - | - |
| ITT Corp | 3.390% | -0.813% | 0.826% | 63.758% | 12.963% | 52.500% | 122.831% |
sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Upon initial examination of the financial statements of NOVANTA, from the Machinery, Equipment & Components industry, the company seems to be showcasing a positive financial position in recent years. Total assets, revenues, and net income have all experienced growth, with the balance sheet and cash flow statements reflecting a robust financial framework. However, an in-depth analysis of the financial documents presents intriguing insights into the company's strengths, weaknesses, and growth opportunities.
Growing Total Assets: From 2020 to 2022, NOVANTA experienced a steady increase in their total assets, with the figures rising from $865,179,000 to $1,241,212,000. This increase signals the firm's ability to expand its financial resources and invest in new opportunities.
Rising Net Income: The company's net income has seen a consistent growth trajectory from 2020 to 2022, which reflects the firm's ability to increase its profitability over time. This is a positive sign for investors, as it indicates the company's ability to generate higher returns on investments.