NOVT
Novanta Inc. Technology - Precision Equipment Investor Relations →
Novanta Inc. (NOVT) closed at $141.47 as of 2026-02-02, trading 3.1% below its 200-week moving average of $146.06. This places NOVT in the below line zone. The stock moved further from the line this week, up from -7.9% last week. The 14-week RSI sits at 58, indicating neutral momentum.
Over the past 1354 weeks of data, NOVT has crossed below its 200-week moving average 15 times. On average, these episodes lasted 35 weeks. Historically, investors who bought NOVT at the start of these episodes saw an average one-year return of +4.3%.
With a market cap of $5.1 billion, NOVT is a mid-cap stock. The company generates a free cash flow yield of 2.5%. Return on equity stands at 6.8%. The stock trades at 6.3x book value.
Over the past 26.1 years, a hypothetical investment of $100 in NOVT would have grown to $184, compared to $798 for the S&P 500. NOVT has returned 2.4% annualized vs 8.3% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 25% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Growth of $100: NOVT vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After NOVT Crosses Below the Line?
Across 15 historical episodes, buying NOVT when it crossed below its 200-week moving average produced an average return of +3.4% after 12 months (median +4.0%), compared to +9.5% for the S&P 500 over the same periods. 67% of those episodes were profitable after one year. After 24 months, the average return was -4.3% vs +18.6% for the index.
Each line shows $100 invested at the moment NOVT crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
NOVT has crossed below its 200-week MA 15 times with an average 1-year return of +4.3% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 2000 | Oct 2003 | 159 | 61.7% | -46.4% | +249.3% |
| Nov 2003 | Dec 2003 | 6 | 5.5% | -11.7% | +344.0% |
| Oct 2004 | Nov 2004 | 1 | 1.2% | -4.4% | +426.9% |
| Feb 2005 | Jun 2005 | 17 | 15.4% | +48.4% | +438.3% |
| Oct 2005 | Nov 2005 | 5 | 7.1% | +8.7% | +412.6% |
| Jun 2006 | Jul 2007 | 60 | 16.5% | +12.1% | +406.0% |
| Aug 2007 | Sep 2007 | 6 | 11.0% | -41.6% | +404.9% |
| Oct 2007 | Feb 2011 | 172 | 94.1% | -81.6% | +356.5% |
| Mar 2011 | May 2011 | 10 | 14.0% | -1.3% | +1109.1% |
| Aug 2011 | Oct 2011 | 12 | 20.1% | +5.3% | +1320.4% |
| Nov 2012 | Dec 2012 | 3 | 5.1% | +48.5% | +1843.3% |
| May 2013 | Jul 2013 | 9 | 6.3% | +52.3% | +1631.6% |
| Jul 2013 | Sep 2013 | 8 | 4.8% | +38.0% | +1554.6% |
| Oct 2023 | Nov 2023 | 3 | 8.3% | +33.5% | +9.2% |
| Dec 2024 | Ongoing | 58+ | 32.5% | Ongoing | -6.9% |
| Average | 35 | — | +4.3% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02