Cognex Corp. (NASDAQ: CGNX)’s stock price has plunge by -0.03relation to previous closing price of 39.54. Nevertheless, the company has seen a 0.82% surge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-03 that Identifying opportunities and risks within the ever-evolving stock market landscape is crucial for investors aiming to make informed decisions. This research examines three well-known tech stocks and finds strong arguments for selling them before the next market correction.
Is It Worth Investing in Cognex Corp. (NASDAQ: CGNX) Right Now?
The price-to-earnings ratio for Cognex Corp. (NASDAQ: CGNX) is 60.58x, which is above its average ratio. Moreover, the 36-month beta value for CGNX is 1.50. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for CGNX is 171.39M and currently, short sellers hold a 2.58% of that float. On April 25, 2024, CGNX’s average trading volume was 1.54M shares.
CGNX’s Market Performance
CGNX stock saw a decrease of 0.82% in the past week, with a monthly decline of -5.07% and a quarterly a decrease of 3.81%. The volatility ratio for the week is 2.27%, and the volatility levels for the last 30 days are 2.32% for Cognex Corp. (CGNX). The simple moving average for the past 20 days is -2.47% for CGNX’s stock, with a -5.41% simple moving average for the past 200 days.
Analysts’ Opinion of CGNX
Many brokerage firms have already submitted their reports for CGNX stocks, with UBS repeating the rating for CGNX by listing it as a “Buy.” The predicted price for CGNX in the upcoming period, according to UBS is $54 based on the research report published on March 19, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see CGNX reach a price target of $47. The rating they have provided for CGNX stocks is “Buy” according to the report published on March 14th, 2024.
Exane BNP Paribas gave a rating of “Outperform” to CGNX, setting the target price at $55 in the report published on October 05th of the previous year.
CGNX Trading at -1.41% from the 50-Day Moving Average
After a stumble in the market that brought CGNX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.57% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares sank -4.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.21% upper at present.
During the last 5 trading sessions, CGNX rose by +0.82%, which changed the moving average for the period of 200-days by -29.17% in comparison to the 20-day moving average, which settled at $40.44. In addition, Cognex Corp. saw -5.29% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CGNX starting from Kuechen Joerg, who sale 5,331 shares at the price of $40.93 back on Mar 12 ’24. After this action, Kuechen Joerg now owns 2,934 shares of Cognex Corp., valued at $218,212 using the latest closing price.
Gerst Carl, the EVP, Vision & ID Products of Cognex Corp., sale 6,782 shares at $40.54 during a trade that took place back on Mar 06 ’24, which means that Gerst Carl is holding 0 shares at $274,923 based on the most recent closing price.
Stock Fundamentals for CGNX
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.72 for the gross margin
The net margin for Cognex Corp. stands at 0.14. The total capital return value is set at 0.07. Equity return is now at value 7.69, with 5.70 for asset returns.
Based on Cognex Corp. (CGNX), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 1.44. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -32.24.
Currently, EBITDA for the company is 132.53 million with net debt to EBITDA at -1.01. When we switch over and look at the enterprise to sales, we see a ratio of 7.96. The receivables turnover for the company is 7.19for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.38.
Conclusion
To wrap up, the performance of Cognex Corp. (CGNX) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
