NOVT Should I Buy
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Novanta Inc. (NOVT) is not a strong buy at the moment for a beginner investor with a long-term strategy. While hedge funds are increasing their positions and the stock shows bullish moving averages, weak financial performance in the latest quarter and lack of strong positive catalysts make it prudent to hold off on buying now.
The stock shows bullish moving averages (SMA_5 > SMA_20 > SMA_200), but the MACD is negatively expanding (-0.195), and RSI is neutral at 49.385. Key support is at 133.794, and resistance is at 146.3. The stock is trading below the pivot level of 140.047, indicating limited upward momentum in the short term.
Hedge funds are significantly increasing their positions, with a 140% increase in buying over the last quarter. The stock has bullish moving averages, and there is a 50% chance of a 2.66% gain in the next month.
The company's latest quarter financials show weak performance, with a 44.49% drop in net income and a 43.40% drop in EPS YoY. Gross margin also slightly declined. No recent news or congress trading data is available to act as a positive catalyst.
In Q3 2025, revenue increased by 1.40% YoY to $247.836M, but net income dropped significantly by 44.49% YoY to $10.653M. EPS also fell by 43.40% YoY to 0.3, and gross margin slightly declined to 41.96%. Overall, financial performance is weak and does not support a strong buy recommendation.
No analyst rating or price target data is available for review.
