Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Novanta Inc. before investing.

In this article, we go over a few key elements for understanding Novanta Inc.’s stock price such as:

• Novanta Inc.’s current stock price and volume
• Why Novanta Inc.’s stock price changed recently
• Upgrades and downgrades for NOVT from analysts
• NOVT’s stock price momentum as measured by its relative strength

About Novanta Inc. (NOVT)

Before we jump into Novanta Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Novanta Inc., together with its subsidiaries, provides precision medicine, precision manufacturing, medical solutions, robotics and automation solutions, and advanced surgery solutions in the United States and internationally. The company operates Automation Enabling Technologies and Medical Solutions segments. The Precision Medicine and Manufacturing segment designs, manufactures, and markets laser beam steering and scanning solutions, laser sources, robotic and precision motion, robotic end-of-arm tooling, and bearing spindles. This segment serves advanced industrial processes, advanced industrial and medical robotics, other medical and life science automation applications, and medical laser procedures, such as ophthalmology applications. The Medical Solutions segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; imaging, identification and RFID solutions; advanced motion control solutions; and light engines, and integrated operating room technologies. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was incorporated in 1968 and is based in Bedford, Massachusetts.

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Novanta Inc.’s Stock Price as of Market Close

As of May 08, 2026, 10:28 AM, CST, Novanta Inc.’s stock price was $137.750.

Novanta Inc. is up 1.08% from its previous closing price of $136.280.

During the last market session, Novanta Inc.’s stock traded between $134.920 and $138.070. Currently, there are approximately 38.24 million shares outstanding for Novanta Inc..

Novanta Inc.’s price-earnings (P/E) ratio is currently at 92.7, which is high compared to the Electronic Equipment, Instruments & Components industry median of 32.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Novanta Inc. Stock Price History

Novanta Inc.’s (NOVT) price is currently up 6.35% so far this month.

During the month of May, Novanta Inc.’s stock price has reached a high of $143.000 and a low of $122.590.

Over the last year, Novanta Inc. has hit prices as high as $149.950 and as low as $98.270. Year to date, Novanta Inc.’s stock is up 15.77%.

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What Caused Novanta Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 07, 2026, there were analysts who downgraded Novanta Inc.’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate Novanta Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Novanta Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Novanta Inc.’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Novanta Inc. (NOVT) by visiting AAII Stock Evaluator.

Relative Price Strength of Novanta Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 07, 2026, Novanta Inc. has a weighted four-quarter relative price strength of -3.95%, which translates to a Momentum Score of 44 and is considered to be Average.

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Novanta Inc. Stock Price: Bottom Line

As of May 8, 2026, Novanta Inc.’s stock price is $137.750, which is up 1.08% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Novanta Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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