Cognex Corp. (NASDAQ: CGNX) has a higher price-to-earnings ratio of 86.67x compared to its average ratio, The 36-month beta value for CGNX is at 1.41. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for CGNX is 171.07M, and currently, shorts hold a 2.40% of that float. The average trading volume for CGNX on September 19, 2024 was 1.21M shares.
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CGNX) stock’s latest price update
The stock of Cognex Corp. (NASDAQ: CGNX) has increased by 2.14 when compared to last closing price of 38.48.Despite this, the company has seen a gain of 2.62% in its stock price over the last five trading days. fool.com reported 2024-09-19 that Nvidia has become a battleground stock, but its competitive position in AI remains incredibly strong. Cognex’s end markets are weak in 2024, but the company’s best days lie ahead.
CGNX’s Market Performance
CGNX’s stock has risen by 2.62% in the past week, with a monthly rise of 0.47% and a quarterly drop of -16.80%. The volatility ratio for the week is 2.23% while the volatility levels for the last 30 days are 2.56% for Cognex Corp. The simple moving average for the last 20 days is 1.04% for CGNX’s stock, with a simple moving average of -5.96% for the last 200 days.
Analysts’ Opinion of CGNX
Many brokerage firms have already submitted their reports for CGNX stocks, with Needham repeating the rating for CGNX by listing it as a “Buy.” The predicted price for CGNX in the upcoming period, according to Needham is $57 based on the research report published on July 29, 2024 of the current year 2024.
Vertical Research, on the other hand, stated in their research note that they expect to see CGNX reach a price target of $58. The rating they have provided for CGNX stocks is “Buy” according to the report published on July 23rd, 2024.
CGNX Trading at -7.48% 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 -26.02% of loss for the given period.
Volatility was left at 2.56%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares sank -1.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.94% lower at present.
During the last 5 trading sessions, CGNX rose by +3.13%, which changed the moving average for the period of 200-days by +2.86% in comparison to the 20-day moving average, which settled at $38.88. In addition, Cognex Corp. saw -5.83% 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 Fehr Dennis, who purchase 6,570 shares at the price of $38.04 back on Sep 04 ’24. After this action, Fehr Dennis now owns 6,570 shares of Cognex Corp., valued at $249,920 using the latest closing price.
PARROTTE DIANNE M, the Director of Cognex Corp., purchase 2,000 shares at $38.62 during a trade that took place back on Aug 07 ’24, which means that PARROTTE DIANNE M is holding 11,340 shares at $77,230 based on the most recent closing price.
Stock Fundamentals for CGNX
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.69 for the gross margin
The net margin for Cognex Corp. stands at 0.09. The total capital return value is set at 0.05. Equity return is now at value 5.25, with 3.92 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 1.31. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 23.69.
Currently, EBITDA for the company is 132.53 million with net debt to EBITDA at -0.93. When we switch over and look at the enterprise to sales, we see a ratio of 7.91. The receivables turnover for the company is 5.1for 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 3.97.
Conclusion
In conclusion, Cognex Corp. (CGNX) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
