The stock of Cognex Corp (CGNX) has seen a -5.79% decrease in the past week, with a -0.46% drop in the past month, and a 0.67% flourish in the past quarter. The volatility ratio for the week is 3.00%, and the volatility levels for the past 30 days are at 2.85% for CGNX. The simple moving average for the last 20 days is -3.73% for CGNX’s stock, with a simple moving average of -7.12% for the last 200 days.
Is It Worth Investing in Cognex Corp (NASDAQ: CGNX) Right Now?
Cognex Corp (NASDAQ: CGNX) has a price-to-earnings ratio that is above its average at 75.74x. The stock has a 36-month beta value of 1.40. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for CGNX is 171.08M, and at present, short sellers hold a 1.60% of that float. On November 21, 2024, the average trading volume of CGNX was 1.11M shares.
CGNX) stock’s latest price update
Cognex Corp (NASDAQ: CGNX) has experienced a decline in its stock price by -0.53 compared to its previous closing price of 39.26. However, the company has seen a fall of -5.79% in its stock price over the last five trading days. prnewswire.com reported 2024-11-11 that NATICK, Mass. , Nov. 11, 2024 /PRNewswire/ — Cognex Corporation (NASDAQ: CGNX) today announced that Rob Willett, President and Chief Executive Officer of Cognex, will present at the Baird 2024 Global Industrial Conference on Thursday, November 14, 2024, beginning at 10:05 a.m.
Analysts’ Opinion of CGNX
Many brokerage firms have already submitted their reports for CGNX stocks, with Truist repeating the rating for CGNX by listing it as a “Hold.” The predicted price for CGNX in the upcoming period, according to Truist is $43 based on the research report published on November 05, 2024 of the current year 2024.
Stephens, on the other hand, stated in their research note that they expect to see CGNX reach a price target of $55, previously predicting the price at $45. The rating they have provided for CGNX stocks is “Overweight” according to the report published on October 16th, 2024.
Needham gave a rating of “Buy” to CGNX, setting the target price at $57 in the report published on July 29th of the current year.
CGNX Trading at -2.15% 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 -26.50% of loss for the given period.
Volatility was left at 2.85%, however, over the last 30 days, the volatility rate increased by 3.00%, as shares surge +0.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.75% upper at present.
During the last 5 trading sessions, CGNX fell by -5.79%, which changed the moving average for the period of 200-days by +10.44% in comparison to the 20-day moving average, which settled at $40.56. In addition, Cognex Corp saw -6.44% 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
- 0.68 for the gross margin
The net margin for Cognex Corp stands at 0.1. The total capital return value is set at 0.05. Equity return is now at value 5.83, with 4.39 for asset returns.
Based on Cognex Corp (CGNX), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 11.44. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 23.92.
Currently, EBITDA for the company is 144.58 million with net debt to EBITDA at -0.95. When we switch over and look at the enterprise to sales, we see a ratio of 7.46. The receivables turnover for the company is 5.58for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.87.
Conclusion
To sum up, Cognex Corp (CGNX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
