The price-to-earnings ratio for Cognex Corp. (NASDAQ: CGNX) is above average at 79.84x, Company’s 36-month beta value is 1.45.Analysts have differing 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 171.24M, and currently, short sellers hold a 2.64% ratio of that floaft. The average trading volume of CGNX on May 08, 2024 was 1.52M shares.
CGNX) stock’s latest price update
Cognex Corp. (NASDAQ: CGNX) has experienced a rise in its stock price by 3.17 compared to its previous closing price of 44.49. However, the company has seen a gain of 10.50% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-02 that Cognex Corporation (NASDAQ:CGNX ) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Robert Willett – President, Chief Executive Officer Nathan McCurren – Head of Investor Relations Conference Call Participants Damian Karas – UBS Rob Mason – Robert W. Baird Michael – Cowen Jacob Levinson – Melius Research Tommy Moll – Stephens Inc. Andrew Buscaglia – BNP Paribas Piyush Avasthy – Citi Jairam Nathan – Daiwa Capital Markets Operator Greetings.
CGNX’s Market Performance
CGNX’s stock has risen by 10.50% in the past week, with a monthly rise of 12.01% and a quarterly rise of 29.81%. The volatility ratio for the week is 3.47% while the volatility levels for the last 30 days are 2.64% for Cognex Corp. The simple moving average for the last 20 days is 12.64% for CGNX’s stock, with a simple moving average of 11.71% for the last 200 days.
Analysts’ Opinion of CGNX
UBS, on the other hand, stated in their research note that they expect to see CGNX reach a price target of $54, previously predicting the price at $42. The rating they have provided for CGNX stocks is “Buy” according to the report published on March 19th, 2024.
Truist gave a rating of “Buy” to CGNX, setting the target price at $47 in the report published on March 14th of the current year.
CGNX Trading at 12.73% 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 -22.87% of loss for the given period.
Volatility was left at 2.64%, however, over the last 30 days, the volatility rate increased by 3.47%, as shares surge +8.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.60% upper at present.
During the last 5 trading sessions, CGNX rose by +10.50%, which changed the moving average for the period of 200-days by -17.96% in comparison to the 20-day moving average, which settled at $40.94. In addition, Cognex Corp. saw 9.97% in overturn over a single year, with a tendency to cut further gains.
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:
- 0.14 for the present operating margin
- 0.71 for the gross margin
The net margin for Cognex Corp. stands at 0.12. The total capital return value is set at 0.07. Equity return is now at value 6.79, with 5.00 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 1.28. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 30.28.
Currently, EBITDA for the company is 132.53 million with net debt to EBITDA at -0.51. When we switch over and look at the enterprise to sales, we see a ratio of 9.23. The receivables turnover for the company is 5.83for 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 3.45.
Conclusion
In a nutshell, Cognex Corp. (CGNX) has experienced a better performance in recent times. The stock has received mixed “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.
