HXGBY
Price
$10.32
Change
-$0.00 (-0.00%)
Updated
Oct 4 closing price
8 days until earnings call
NOVT
Price
$177.75
Change
-$0.00 (-0.00%)
Updated
Oct 16 closing price
19 days until earnings call
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HXGBY vs NOVT

Header iconHXGBY vs NOVT Comparison
Open Charts HXGBY vs NOVTBanner chart's image
Hexagon AB
Price$10.32
Change-$0.00 (-0.00%)
Volume$50.33K
CapitalizationN/A
Novanta
Price$177.75
Change-$0.00 (-0.00%)
Volume$141.8K
CapitalizationN/A
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HXGBY vs NOVT Comparison Chart
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HXGBY
Daily Signalchanged days ago
Gain/Loss if shorted
Show more...
NOVT
Daily Signalchanged days ago
Gain/Loss if shorted
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VS
HXGBY vs. NOVT commentary
Oct 18, 2024

To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is HXGBY is a Sell and NOVT is a Buy.

COMPARISON
Comparison
Oct 18, 2024
Stock price -- (HXGBY: $9.63 vs. NOVT: $177.09)
Brand notoriety: HXGBY and NOVT are both not notable
Both companies represent the Electronic Equipment/Instruments industry
Current volume relative to the 65-day Moving Average: HXGBY: 128% vs. NOVT: 73%
Market capitalization -- HXGBY: $26.03B vs. NOVT: $6.26B
HXGBY [@Electronic Equipment/Instruments] is valued at $26.03B. NOVT’s [@Electronic Equipment/Instruments] market capitalization is $6.26B. The market cap for tickers in the [@Electronic Equipment/Instruments] industry ranges from $109.85B to $0. The average market capitalization across the [@Electronic Equipment/Instruments] industry is $5.71B.

Long-Term Analysis

It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).

HXGBY’s FA Score shows that 1 FA rating(s) are green whileNOVT’s FA Score has 2 green FA rating(s).

  • HXGBY’s FA Score: 1 green, 4 red.
  • NOVT’s FA Score: 2 green, 3 red.
According to our system of comparison, NOVT is a better buy in the long-term than HXGBY.

Short-Term Analysis

It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.

If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.

HXGBY’s TA Score shows that 4 TA indicator(s) are bullish while NOVT’s TA Score has 5 bullish TA indicator(s).

  • HXGBY’s TA Score: 4 bullish, 5 bearish.
  • NOVT’s TA Score: 5 bullish, 3 bearish.
According to our system of comparison, NOVT is a better buy in the short-term than HXGBY.

Price Growth

HXGBY (@Electronic Equipment/Instruments) experienced а -4.37% price change this week, while NOVT (@Electronic Equipment/Instruments) price change was +3.72% for the same time period.

The average weekly price growth across all stocks in the @Electronic Equipment/Instruments industry was +261.59%. For the same industry, the average monthly price growth was +151.43%, and the average quarterly price growth was +35.27%.

Reported Earning Dates

HXGBY is expected to report earnings on Feb 01, 2025.

NOVT is expected to report earnings on Feb 26, 2025.

Industries' Descriptions

@Electronic Equipment/Instruments (+261.59% weekly)

This industry manufactures electronic products used in various critical and sophisticated technologies, including laser-based systems, circuit and continuity testers, electro-optical measuring instruments and high-speed precision weighing and inspection equipment. Some major companies operating in this business are Canon Inc., Keysight Technologies Inc., and Fortive Corp.

SUMMARIES
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FUNDAMENTALS
Fundamentals
HXGBY($26B) has a higher market cap than NOVT($6.27B). NOVT has higher P/E ratio than HXGBY: NOVT (85.22) vs HXGBY (22.03). NOVT YTD gains are higher at: 5.546 vs. HXGBY (-18.138). HXGBY has higher annual earnings (EBITDA): 1.39B vs. NOVT (170M). HXGBY has more cash in the bank: 505M vs. NOVT (105M). NOVT has less debt than HXGBY: NOVT (405M) vs HXGBY (4.32B). HXGBY has higher revenues than NOVT: HXGBY (5.37B) vs NOVT (882M).
HXGBYNOVTHXGBY / NOVT
Capitalization26B6.27B415%
EBITDA1.39B170M819%
Gain YTD-18.1385.546-327%
P/E Ratio22.0385.2226%
Revenue5.37B882M609%
Total Cash505M105M481%
Total Debt4.32B405M1,067%
FUNDAMENTALS RATINGS
HXGBY vs NOVT: Fundamental Ratings
HXGBY
NOVT
OUTLOOK RATING
1..100
5320
VALUATION
overvalued / fair valued / undervalued
1..100
23
Undervalued
93
Overvalued
PROFIT vs RISK RATING
1..100
6423
SMR RATING
1..100
7573
PRICE GROWTH RATING
1..100
6050
P/E GROWTH RATING
1..100
7924
SEASONALITY SCORE
1..100
n/a43

Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.

HXGBY's Valuation (23) in the null industry is significantly better than the same rating for NOVT (93) in the Electronic Equipment Or Instruments industry. This means that HXGBY’s stock grew significantly faster than NOVT’s over the last 12 months.

NOVT's Profit vs Risk Rating (23) in the Electronic Equipment Or Instruments industry is somewhat better than the same rating for HXGBY (64) in the null industry. This means that NOVT’s stock grew somewhat faster than HXGBY’s over the last 12 months.

NOVT's SMR Rating (73) in the Electronic Equipment Or Instruments industry is in the same range as HXGBY (75) in the null industry. This means that NOVT’s stock grew similarly to HXGBY’s over the last 12 months.

NOVT's Price Growth Rating (50) in the Electronic Equipment Or Instruments industry is in the same range as HXGBY (60) in the null industry. This means that NOVT’s stock grew similarly to HXGBY’s over the last 12 months.

NOVT's P/E Growth Rating (24) in the Electronic Equipment Or Instruments industry is somewhat better than the same rating for HXGBY (79) in the null industry. This means that NOVT’s stock grew somewhat faster than HXGBY’s over the last 12 months.

TECHNICAL ANALYSIS
Technical Analysis
HXGBYNOVT
RSI
ODDS (%)
Bearish Trend 2 days ago
55%
N/A
Stochastic
ODDS (%)
Bullish Trend 2 days ago
65%
Bearish Trend 2 days ago
64%
Momentum
ODDS (%)
Bearish Trend 2 days ago
56%
Bullish Trend 2 days ago
79%
MACD
ODDS (%)
Bearish Trend 2 days ago
62%
Bullish Trend 2 days ago
72%
TrendWeek
ODDS (%)
Bearish Trend 2 days ago
62%
Bullish Trend 2 days ago
70%
TrendMonth
ODDS (%)
Bearish Trend 2 days ago
65%
Bullish Trend 2 days ago
66%
Advances
ODDS (%)
Bullish Trend 21 days ago
66%
Bullish Trend 4 days ago
68%
Declines
ODDS (%)
Bearish Trend 2 days ago
62%
Bearish Trend 10 days ago
62%
BollingerBands
ODDS (%)
Bearish Trend 2 days ago
57%
Bullish Trend 2 days ago
84%
Aroon
ODDS (%)
N/A
N/A
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HXGBY
Daily Signalchanged days ago
Gain/Loss if shorted
Show more...
NOVT
Daily Signalchanged days ago
Gain/Loss if shorted
Show more...
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HXGBY and

Correlation & Price change

A.I.dvisor indicates that over the last year, HXGBY has been loosely correlated with NOVT. These tickers have moved in lockstep 48% of the time. This A.I.-generated data suggests there is some statistical probability that if HXGBY jumps, then NOVT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To HXGBY
1D Price
Change %
HXGBY100%
-0.31%
NOVT - HXGBY
48%
Loosely correlated
+0.74%
FARO - HXGBY
47%
Loosely correlated
+1.54%
MKSI - HXGBY
47%
Loosely correlated
-0.47%
KEYS - HXGBY
46%
Loosely correlated
-0.51%
VNT - HXGBY
45%
Loosely correlated
+0.35%
More

NOVT and

Correlation & Price change

A.I.dvisor indicates that over the last year, NOVT has been loosely correlated with MKSI. These tickers have moved in lockstep 58% of the time. This A.I.-generated data suggests there is some statistical probability that if NOVT jumps, then MKSI could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NOVT
1D Price
Change %
NOVT100%
+0.74%
MKSI - NOVT
58%
Loosely correlated
-0.47%
KEYS - NOVT
58%
Loosely correlated
-0.51%
ESE - NOVT
56%
Loosely correlated
+3.23%
CGNX - NOVT
55%
Loosely correlated
+1.23%
VNT - NOVT
55%
Loosely correlated
+0.35%
More