MLAB
Price
$73.08
Change
-$1.08 (-1.46%)
Updated
Oct 17 closing price
Capitalization
402.02M
19 days until earnings call
NOVT
Price
$105.56
Change
-$1.05 (-0.98%)
Updated
Oct 17 closing price
Capitalization
3.8B
17 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$73.08
Change-$1.08 (-1.46%)
Volume$86.64K
Capitalization402.02M
Novanta
Price$105.56
Change-$1.05 (-0.98%)
Volume$297.16K
Capitalization3.8B
MLAB vs NOVT Comparison Chart in %
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
Oct 18, 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
Oct 18, 2025
Stock price -- (MLAB: $73.07 vs. NOVT: $105.56)
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: 59% vs. NOVT: 78%
Market capitalization -- MLAB: $402.02M vs. NOVT: $3.8B
MLAB [@Electronic Equipment/Instruments] is valued at $402.02M. NOVT’s [@Electronic Equipment/Instruments] market capitalization is $3.8B. The market cap for tickers in the [@Electronic Equipment/Instruments] industry ranges from $94.42B to $0. The average market capitalization across the [@Electronic Equipment/Instruments] industry is $5.91B.

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, MLAB is a better buy in the long-term than NOVT.

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 5 bullish TA indicator(s).

  • MLAB’s TA Score: 5 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 +7.89% price change this week, while NOVT (@Electronic Equipment/Instruments) price change was +5.60% for the same time period.

The average weekly price growth across all stocks in the @Electronic Equipment/Instruments industry was +3.48%. For the same industry, the average monthly price growth was +3.52%, and the average quarterly price growth was +47.64%.

Reported Earning Dates

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

NOVT is expected to report earnings on Nov 04, 2025.

Industries' Descriptions

@Electronic Equipment/Instruments (+3.48% 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($3.8B) has a higher market cap than MLAB($402M). MLAB has higher P/E ratio than NOVT: MLAB (557.29) vs NOVT (62.46). NOVT YTD gains are higher at: -30.903 vs. MLAB (-44.303). NOVT has higher annual earnings (EBITDA): 183M vs. MLAB (45.3M). NOVT has more cash in the bank: 110M vs. MLAB (21.3M). MLAB has less debt than NOVT: MLAB (198M) vs NOVT (513M). NOVT has higher revenues than MLAB: NOVT (957M) vs MLAB (242M).
MLABNOVTMLAB / NOVT
Capitalization402M3.8B11%
EBITDA45.3M183M25%
Gain YTD-44.303-30.903143%
P/E Ratio557.2962.46892%
Revenue242M957M25%
Total Cash21.3M110M19%
Total Debt198M513M39%
FUNDAMENTALS RATINGS
MLAB vs NOVT: Fundamental Ratings
MLAB
NOVT
OUTLOOK RATING
1..100
218
VALUATION
overvalued / fair valued / undervalued
1..100
95
Overvalued
94
Overvalued
PROFIT vs RISK RATING
1..100
10095
SMR RATING
1..100
9277
PRICE GROWTH RATING
1..100
6182
P/E GROWTH RATING
1..100
8289
SEASONALITY SCORE
1..100
n/a75

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 (94) 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.

NOVT's Profit vs Risk Rating (95) 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 (77) in the Electronic Equipment Or Instruments industry is in the same range as MLAB (92) 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 (82) in the Electronic Equipment Or Instruments industry. This means that MLAB’s stock grew similarly to NOVT’s over the last 12 months.

MLAB's P/E Growth Rating (82) in the Medical Specialties industry is in the same range as NOVT (89) 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 (%)
N/A
Bullish Trend 2 days ago
60%
Stochastic
ODDS (%)
Bearish Trend 2 days ago
80%
Bearish Trend 2 days ago
63%
Momentum
ODDS (%)
Bearish Trend 2 days ago
72%
Bullish Trend 2 days ago
57%
MACD
ODDS (%)
Bullish Trend 4 days ago
70%
Bullish Trend 2 days ago
67%
TrendWeek
ODDS (%)
Bullish Trend 2 days ago
71%
Bullish Trend 2 days ago
64%
TrendMonth
ODDS (%)
Bullish Trend 2 days ago
69%
Bearish Trend 2 days ago
67%
Advances
ODDS (%)
Bullish Trend 5 days ago
67%
Bullish Trend 3 days ago
63%
Declines
ODDS (%)
Bearish Trend 12 days ago
79%
Bearish Trend 12 days ago
66%
BollingerBands
ODDS (%)
Bearish Trend 2 days ago
76%
Bullish Trend 2 days ago
52%
Aroon
ODDS (%)
Bullish Trend 2 days ago
62%
Bearish Trend 2 days ago
70%
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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 54% 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%
-1.45%
NOVT - MLAB
54%
Loosely correlated
-0.98%
TRMB - MLAB
49%
Loosely correlated
-0.60%
VNT - MLAB
44%
Loosely correlated
+2.68%
ST - MLAB
42%
Loosely correlated
-1.79%
KEYS - MLAB
41%
Loosely correlated
-0.14%
More

NOVT and

Correlation & Price change

A.I.dvisor indicates that over the last year, NOVT has been closely correlated with ST. 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 ST could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NOVT
1D Price
Change %
NOVT100%
-0.98%
ST - NOVT
75%
Closely correlated
-1.79%
TRMB - NOVT
75%
Closely correlated
-0.60%
KEYS - NOVT
71%
Closely correlated
-0.14%
VNT - NOVT
68%
Closely correlated
+2.68%
FTV - NOVT
68%
Closely correlated
-0.06%
More