MLAB
Price
$116.32
Change
+$1.80 (+1.57%)
Updated
Apr 24 closing price
Capitalization
591.89M
45 days until earnings call
NOVT
Price
$120.55
Change
+$5.21 (+4.52%)
Updated
Apr 24 closing price
Capitalization
6.26B
11 days until earnings call
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MLAB vs NOVT

Header iconMLAB vs NOVT Comparison
Open Charts MLAB vs NOVTBanner chart's image
Mesa Laboratories
Price$116.32
Change+$1.80 (+1.57%)
Volume$42.6K
Capitalization591.89M
Novanta
Price$120.55
Change+$5.21 (+4.52%)
Volume$231.34K
Capitalization6.26B
MLAB vs NOVT Comparison Chart
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MLAB
Daily Signalchanged days ago
Gain/Loss if bought
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NOVT
Daily Signalchanged days ago
Gain/Loss if bought
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MLAB vs. NOVT commentary
Apr 25, 2025

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 MLAB is a StrongBuy and NOVT is a StrongBuy.

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COMPARISON
Comparison
Apr 25, 2025
Stock price -- (MLAB: $116.32 vs. NOVT: $120.55)
Brand notoriety: MLAB and NOVT are both not notable
Both companies represent the Electronic Equipment/Instruments industry
Current volume relative to the 65-day Moving Average: MLAB: 91% vs. NOVT: 67%
Market capitalization -- MLAB: $591.89M vs. NOVT: $6.26B
MLAB [@Electronic Equipment/Instruments] is valued at $591.89M. 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 $5.99B.

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).

MLAB’s FA Score shows that 0 FA rating(s) are green whileNOVT’s FA Score has 0 green FA rating(s).

  • MLAB’s FA Score: 0 green, 5 red.
  • NOVT’s FA Score: 0 green, 5 red.
According to our system of comparison, NOVT is a better buy in the long-term than MLAB.

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.

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

  • MLAB’s TA Score: 4 bullish, 4 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 MLAB.

Price Growth

MLAB (@Electronic Equipment/Instruments) experienced а +3.85% price change this week, while NOVT (@Electronic Equipment/Instruments) price change was +5.21% for the same time period.

The average weekly price growth across all stocks in the @Electronic Equipment/Instruments industry was +4.96%. For the same industry, the average monthly price growth was -6.93%, and the average quarterly price growth was +2.60%.

Reported Earning Dates

MLAB is expected to report earnings on Jul 31, 2025.

NOVT is expected to report earnings on Aug 12, 2025.

Industries' Descriptions

@Electronic Equipment/Instruments (+4.96% 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
NOVT($6.27B) has a higher market cap than MLAB($592M). MLAB has higher P/E ratio than NOVT: MLAB (660.35) vs NOVT (85.22). MLAB YTD gains are higher at: -11.688 vs. NOVT (-21.091). NOVT has higher annual earnings (EBITDA): 170M vs. MLAB (38.9M). NOVT has more cash in the bank: 105M vs. MLAB (28.2M). MLAB has less debt than NOVT: MLAB (236M) vs NOVT (405M). NOVT has higher revenues than MLAB: NOVT (882M) vs MLAB (213M).
MLABNOVTMLAB / NOVT
Capitalization592M6.27B9%
EBITDA38.9M170M23%
Gain YTD-11.688-21.09155%
P/E Ratio660.3585.22775%
Revenue213M882M24%
Total Cash28.2M105M27%
Total Debt236M405M58%
FUNDAMENTALS RATINGS
MLAB vs NOVT: Fundamental Ratings
MLAB
NOVT
OUTLOOK RATING
1..100
1110
VALUATION
overvalued / fair valued / undervalued
1..100
96
Overvalued
91
Overvalued
PROFIT vs RISK RATING
1..100
10060
SMR RATING
1..100
9573
PRICE GROWTH RATING
1..100
6185
P/E GROWTH RATING
1..100
7963
SEASONALITY SCORE
1..100
5050

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.

NOVT's Valuation (91) in the Electronic Equipment Or Instruments industry is in the same range as MLAB (96) in the Medical Specialties industry. This means that NOVT’s stock grew similarly to MLAB’s over the last 12 months.

NOVT's Profit vs Risk Rating (60) in the Electronic Equipment Or Instruments industry is somewhat better than the same rating for MLAB (100) in the Medical Specialties industry. This means that NOVT’s stock grew somewhat faster than MLAB’s over the last 12 months.

NOVT's SMR Rating (73) in the Electronic Equipment Or Instruments industry is in the same range as MLAB (95) in the Medical Specialties industry. This means that NOVT’s stock grew similarly to MLAB’s over the last 12 months.

MLAB's Price Growth Rating (61) in the Medical Specialties industry is in the same range as NOVT (85) in the Electronic Equipment Or Instruments industry. This means that MLAB’s stock grew similarly to NOVT’s over the last 12 months.

NOVT's P/E Growth Rating (63) in the Electronic Equipment Or Instruments industry is in the same range as MLAB (79) in the Medical Specialties industry. This means that NOVT’s stock grew similarly to MLAB’s over the last 12 months.

TECHNICAL ANALYSIS
Technical Analysis
MLABNOVT
RSI
ODDS (%)
Bullish Trend 1 day ago
70%
Bullish Trend 1 day ago
57%
Stochastic
ODDS (%)
Bearish Trend 1 day ago
71%
Bearish Trend 1 day ago
65%
Momentum
ODDS (%)
Bearish Trend 1 day ago
71%
Bullish Trend 1 day ago
64%
MACD
ODDS (%)
Bullish Trend 1 day ago
78%
Bullish Trend 1 day ago
65%
TrendWeek
ODDS (%)
Bullish Trend 1 day ago
71%
Bullish Trend 1 day ago
67%
TrendMonth
ODDS (%)
Bearish Trend 1 day ago
75%
Bearish Trend 1 day ago
61%
Advances
ODDS (%)
Bullish Trend 1 day ago
67%
Bullish Trend 1 day ago
66%
Declines
ODDS (%)
Bearish Trend 5 days ago
77%
Bearish Trend 10 days ago
65%
BollingerBands
ODDS (%)
Bullish Trend 1 day ago
65%
Bullish Trend 1 day ago
67%
Aroon
ODDS (%)
Bearish Trend 1 day ago
69%
Bearish Trend 1 day ago
64%
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MLAB
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
NOVT
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
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NOVT and

Correlation & Price change

A.I.dvisor indicates that over the last year, NOVT has been closely correlated with CGNX. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if NOVT jumps, then CGNX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NOVT
1D Price
Change %
NOVT100%
+4.52%
CGNX - NOVT
68%
Closely correlated
+4.44%
TRMB - NOVT
60%
Loosely correlated
+3.60%
ESE - NOVT
58%
Loosely correlated
+2.00%
KEYS - NOVT
58%
Loosely correlated
+4.73%
ST - NOVT
57%
Loosely correlated
+7.55%
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