MLAB
Price
$91.53
Change
+$4.00 (+4.57%)
Updated
Feb 4 closing price
Capitalization
505.74M
117 days until earnings call
Intraday BUY SELL Signals
NOVT
Price
$136.73
Change
-$0.05 (-0.04%)
Updated
Feb 4 closing price
Capitalization
4.89B
19 days until earnings call
Intraday BUY SELL Signals
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MLAB vs NOVT

Header iconMLAB vs NOVT Comparison
Open Charts MLAB vs NOVTBanner chart's image
Mesa Laboratories
Price$91.53
Change+$4.00 (+4.57%)
Volume$124.49K
Capitalization505.74M
Novanta
Price$136.73
Change-$0.05 (-0.04%)
Volume$414.44K
Capitalization4.89B
MLAB vs NOVT Comparison Chart in %
MLAB
Daily Signal:
Gain/Loss:
NOVT
Daily Signal:
Gain/Loss:
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VS
MLAB vs. NOVT commentary
Feb 05, 2026

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 StrongBuy.

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COMPARISON
Comparison
Feb 05, 2026
Stock price -- (MLAB: $87.53 vs. NOVT: $136.78)
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: 196% vs. NOVT: 75%
Market capitalization -- MLAB: $505.74M vs. NOVT: $4.89B
MLAB [@Electronic Equipment/Instruments] is valued at $505.74M. NOVT’s [@Electronic Equipment/Instruments] market capitalization is $4.89B. The market cap for tickers in the [@Electronic Equipment/Instruments] industry ranges from $84.91B to $0. The average market capitalization across the [@Electronic Equipment/Instruments] industry is $6.32B.

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 1 FA rating(s) are green whileNOVT’s FA Score has 0 green FA rating(s).

  • MLAB’s FA Score: 1 green, 4 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 5 TA indicator(s) are bullish while NOVT’s TA Score has 6 bullish TA indicator(s).

  • MLAB’s TA Score: 5 bullish, 4 bearish.
  • NOVT’s TA Score: 6 bullish, 4 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 +7.29% price change this week, while NOVT (@Electronic Equipment/Instruments) price change was -1.51% for the same time period.

The average weekly price growth across all stocks in the @Electronic Equipment/Instruments industry was -1.84%. For the same industry, the average monthly price growth was +1.42%, and the average quarterly price growth was +10.88%.

Reported Earning Dates

MLAB is expected to report earnings on Jun 02, 2026.

NOVT is expected to report earnings on Feb 24, 2026.

Industries' Descriptions

@Electronic Equipment/Instruments (-1.84% 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($4.89B) has a higher market cap than MLAB($506M). MLAB has higher P/E ratio than NOVT: MLAB (140.83) vs NOVT (93.65). NOVT YTD gains are higher at: 14.951 vs. MLAB (11.503). NOVT has higher annual earnings (EBITDA): 178M vs. MLAB (43.1M). NOVT has more cash in the bank: 89.2M vs. MLAB (20.4M). MLAB has less debt than NOVT: MLAB (190M) vs NOVT (504M). NOVT has higher revenues than MLAB: NOVT (960M) vs MLAB (245M).
MLABNOVTMLAB / NOVT
Capitalization506M4.89B10%
EBITDA43.1M178M24%
Gain YTD11.50314.95177%
P/E Ratio140.8393.65150%
Revenue245M960M26%
Total Cash20.4M89.2M23%
Total Debt190M504M38%
FUNDAMENTALS RATINGS
MLAB vs NOVT: Fundamental Ratings
MLAB
NOVT
OUTLOOK RATING
1..100
7869
VALUATION
overvalued / fair valued / undervalued
1..100
29
Undervalued
97
Overvalued
PROFIT vs RISK RATING
1..100
10088
SMR RATING
1..100
9079
PRICE GROWTH RATING
1..100
5547
P/E GROWTH RATING
1..100
10045
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.

MLAB's Valuation (29) in the Medical Specialties industry is significantly better than the same rating for NOVT (97) in the Electronic Equipment Or Instruments industry. This means that MLAB’s stock grew significantly faster than NOVT’s over the last 12 months.

NOVT's Profit vs Risk Rating (88) 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 (79) 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 (47) in the Electronic Equipment Or Instruments industry is in the same range as MLAB (55) in the Medical Specialties industry. This means that NOVT’s stock grew similarly to MLAB’s over the last 12 months.

NOVT's P/E Growth Rating (45) 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.

TECHNICAL ANALYSIS
Technical Analysis
MLABNOVT
RSI
ODDS (%)
Bearish Trend 2 days ago
66%
Bearish Trend 2 days ago
74%
Stochastic
ODDS (%)
Bullish Trend 2 days ago
70%
Bearish Trend 2 days ago
67%
Momentum
ODDS (%)
Bullish Trend 2 days ago
71%
Bullish Trend 2 days ago
63%
MACD
ODDS (%)
Bearish Trend 2 days ago
82%
Bearish Trend 2 days ago
62%
TrendWeek
ODDS (%)
Bullish Trend 2 days ago
72%
Bearish Trend 2 days ago
67%
TrendMonth
ODDS (%)
Bullish Trend 2 days ago
72%
Bullish Trend 2 days ago
63%
Advances
ODDS (%)
Bullish Trend 2 days ago
69%
Bullish Trend 7 days ago
63%
Declines
ODDS (%)
Bearish Trend 7 days ago
78%
Bearish Trend 3 days ago
67%
BollingerBands
ODDS (%)
Bearish Trend 2 days ago
70%
Bullish Trend 2 days ago
63%
Aroon
ODDS (%)
Bullish Trend 2 days ago
57%
Bullish Trend 2 days ago
71%
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MLAB
Daily Signal:
Gain/Loss:
NOVT
Daily Signal:
Gain/Loss:
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MLAB and

Correlation & Price change

A.I.dvisor indicates that over the last year, MLAB has been loosely correlated with TRMB. These tickers have moved in lockstep 49% of the time. This A.I.-generated data suggests there is some statistical probability that if MLAB jumps, then TRMB could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MLAB
1D Price
Change %
MLAB100%
+8.73%
TRMB - MLAB
49%
Loosely correlated
-4.80%
VNT - MLAB
44%
Loosely correlated
+2.65%
NOVT - MLAB
42%
Loosely correlated
+1.83%
ST - MLAB
41%
Loosely correlated
-0.62%
KEYS - MLAB
41%
Loosely correlated
+1.75%
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 74% 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%
+1.83%
TRMB - NOVT
74%
Closely correlated
-4.80%
ST - NOVT
74%
Closely correlated
-0.62%
KEYS - NOVT
70%
Closely correlated
+1.75%
VNT - NOVT
67%
Closely correlated
+2.65%
FTV - NOVT
67%
Closely correlated
+1.21%
More