MLAB
Price
$68.87
Change
+$0.98 (+1.44%)
Updated
Aug 15 closing price
Capitalization
378.89M
82 days until earnings call
NOVT
Price
$114.97
Change
-$3.20 (-2.71%)
Updated
Aug 15 closing price
Capitalization
4.14B
87 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$68.87
Change+$0.98 (+1.44%)
Volume$165.06K
Capitalization378.89M
Novanta
Price$114.97
Change-$3.20 (-2.71%)
Volume$572.5K
Capitalization4.14B
MLAB vs NOVT Comparison Chart in %
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MLAB
Daily Signalchanged days ago
Gain/Loss if bought
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NOVT
Daily Signalchanged days ago
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MLAB vs. NOVT commentary
Aug 16, 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 Hold and NOVT is a Hold.

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COMPARISON
Comparison
Aug 16, 2025
Stock price -- (MLAB: $68.87 vs. NOVT: $114.97)
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: 95% vs. NOVT: 185%
Market capitalization -- MLAB: $378.89M vs. NOVT: $4.14B
MLAB [@Electronic Equipment/Instruments] is valued at $378.89M. NOVT’s [@Electronic Equipment/Instruments] market capitalization is $4.14B. The market cap for tickers in the [@Electronic Equipment/Instruments] industry ranges from $91.37B to $0. The average market capitalization across the [@Electronic Equipment/Instruments] industry is $5.7B.

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, both MLAB and NOVT are a bad buy in the long-term.

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

  • MLAB’s TA Score: 5 bullish, 3 bearish.
  • NOVT’s TA Score: 4 bullish, 6 bearish.
According to our system of comparison, MLAB is a better buy in the short-term than NOVT.

Price Growth

MLAB (@Electronic Equipment/Instruments) experienced а +7.12% price change this week, while NOVT (@Electronic Equipment/Instruments) price change was -0.61% for the same time period.

The average weekly price growth across all stocks in the @Electronic Equipment/Instruments industry was -0.13%. For the same industry, the average monthly price growth was +1.67%, and the average quarterly price growth was +22.74%.

Reported Earning Dates

MLAB is expected to report earnings on Nov 06, 2025.

NOVT is expected to report earnings on Nov 11, 2025.

Industries' Descriptions

@Electronic Equipment/Instruments (-0.13% 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($4.14B) has a higher market cap than MLAB($379M). MLAB has higher P/E ratio than NOVT: MLAB (557.29) vs NOVT (68.03). NOVT YTD gains are higher at: -24.743 vs. MLAB (-47.632). NOVT has higher annual earnings (EBITDA): 183M vs. MLAB (42.3M). NOVT has more cash in the bank: 106M vs. MLAB (27.3M). MLAB has less debt than NOVT: MLAB (181M) vs NOVT (443M). NOVT has higher revenues than MLAB: NOVT (952M) vs MLAB (241M).
MLABNOVTMLAB / NOVT
Capitalization379M4.14B9%
EBITDA42.3M183M23%
Gain YTD-47.632-24.743193%
P/E Ratio557.2968.03819%
Revenue241M952M25%
Total Cash27.3M106M26%
Total Debt181M443M41%
FUNDAMENTALS RATINGS
MLAB vs NOVT: Fundamental Ratings
MLAB
NOVT
OUTLOOK RATING
1..100
1055
VALUATION
overvalued / fair valued / undervalued
1..100
95
Overvalued
95
Overvalued
PROFIT vs RISK RATING
1..100
10086
SMR RATING
1..100
9069
PRICE GROWTH RATING
1..100
9381
P/E GROWTH RATING
1..100
8490
SEASONALITY SCORE
1..100
5075

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.

MLAB's Valuation (95) in the Medical Specialties industry is in the same range as NOVT (95) 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 Profit vs Risk Rating (86) in the Electronic Equipment Or Instruments industry is in the same range as MLAB (100) in the Medical Specialties industry. This means that NOVT’s stock grew similarly to MLAB’s over the last 12 months.

NOVT's SMR Rating (69) in the Electronic Equipment Or Instruments industry is in the same range as MLAB (90) in the Medical Specialties industry. This means that NOVT’s stock grew similarly to MLAB’s over the last 12 months.

NOVT's Price Growth Rating (81) in the Electronic Equipment Or Instruments industry is in the same range as MLAB (93) in the Medical Specialties industry. This means that NOVT’s stock grew similarly to MLAB’s over the last 12 months.

MLAB's P/E Growth Rating (84) in the Medical Specialties industry is in the same range as NOVT (90) in the Electronic Equipment Or Instruments industry. This means that MLAB’s stock grew similarly to NOVT’s over the last 12 months.

TECHNICAL ANALYSIS
Technical Analysis
MLABNOVT
RSI
ODDS (%)
Bullish Trend 1 day ago
65%
Bullish Trend 1 day ago
72%
Stochastic
ODDS (%)
Bullish Trend 1 day ago
63%
Bullish Trend 1 day ago
64%
Momentum
ODDS (%)
Bearish Trend 1 day ago
76%
Bearish Trend 1 day ago
66%
MACD
ODDS (%)
Bullish Trend 1 day ago
78%
Bearish Trend 1 day ago
61%
TrendWeek
ODDS (%)
Bullish Trend 1 day ago
71%
Bearish Trend 1 day ago
64%
TrendMonth
ODDS (%)
Bearish Trend 1 day ago
77%
Bearish Trend 1 day ago
64%
Advances
ODDS (%)
Bullish Trend 4 days ago
68%
Bullish Trend 4 days ago
64%
Declines
ODDS (%)
Bearish Trend 16 days ago
78%
Bearish Trend 1 day ago
66%
BollingerBands
ODDS (%)
Bullish Trend 1 day ago
70%
Bullish Trend 1 day ago
75%
Aroon
ODDS (%)
Bearish Trend 1 day ago
78%
Bearish Trend 1 day ago
68%
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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 and

Correlation & Price change

A.I.dvisor indicates that over the last year, MLAB has been loosely correlated with NOVT. These tickers have moved in lockstep 55% of the time. This A.I.-generated data suggests there is some statistical probability that if MLAB jumps, then NOVT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MLAB
1D Price
Change %
MLAB100%
+1.44%
NOVT - MLAB
55%
Loosely correlated
-2.71%
TRMB - MLAB
48%
Loosely correlated
-1.71%
VNT - MLAB
46%
Loosely correlated
-2.23%
ESE - MLAB
43%
Loosely correlated
-1.57%
KEYS - MLAB
41%
Loosely correlated
-0.66%
More

NOVT and

Correlation & Price change

A.I.dvisor indicates that over the last year, NOVT has been closely correlated with TRMB. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if NOVT jumps, then TRMB could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NOVT
1D Price
Change %
NOVT100%
-2.71%
TRMB - NOVT
75%
Closely correlated
-1.71%
ST - NOVT
75%
Closely correlated
-1.97%
KEYS - NOVT
70%
Closely correlated
-0.66%
FTV - NOVT
69%
Closely correlated
+0.75%
VNT - NOVT
69%
Closely correlated
-2.23%
More