At the time of writing, Cognex Corp. [CGNX] stock is trading at $41.41, up 1.97%. An important factor to consider is whether the stock is rising or falling in short-term value. The CGNX shares have gain 5.72% over the last week, with a monthly amount drifted -2.38%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cognex Corp. [NASDAQ: CGNX] stock has seen the most recent analyst activity on March 19, 2024, when UBS upgraded its rating to a Buy and also boosted its price target to $54 from $42. Previously, Truist started tracking the stock with Buy rating on March 14, 2024, and set its price target to $47. On October 05, 2023, Exane BNP Paribas initiated with a Outperform rating and assigned a price target of $55 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Sector Weight rating. Citigroup initiated its recommendation with a Neutral and recommended $52 as its price target on August 30, 2023. Credit Suisse upgraded its rating to Neutral for this stock on February 23, 2023, and upped its price target to $44. In a note dated February 01, 2023, Northcoast downgraded an Neutral rating on this stock.
For the past year, the stock price of Cognex Corp. fluctuated between $34.28 and $59.51. Currently, Wall Street analysts expect the stock to reach $55.88 within the next 12 months. Cognex Corp. [NASDAQ: CGNX] shares were valued at $41.41 at the most recent close of the market. An investor can expect a potential return of 34.94% based on the average CGNX price forecast.
Analyzing the CGNX fundamentals
According to Cognex Corp. [NASDAQ:CGNX], the company’s sales were 837.55M for trailing twelve months, which represents an -17.86% plunge. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.08 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 40.82 points at the first support level, and at 40.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.90, and for the 2nd resistance point, it is at 42.40.
Cognex Corp. [CGNX] reported earnings per share of $0.11 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.1/share, meaning a difference of $0.01 and a surprise factor of 10.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.16 per share as compared to estimates of $0.14 per share, a difference of $0.02 representing a surprise of 14.30%.
Ratios To Look Out For
It is important to note that Cognex Corp. [NASDAQ:CGNX] has a current ratio of 4.38. On the other hand, the Quick Ratio is 3.31, and the Cash Ratio is 1.33. Considering the valuation of this stock, the price to sales ratio is 8.50, the price to book ratio is 4.72 and price to earnings (TTM) ratio is 63.46.
Transactions by insiders
Recent insider trading involved Kuechen Joerg, Chief Technology Officer, that happened on Mar 12 ’24 when 5331.0 shares were sold. EVP, Vision & ID Products, Gerst Carl completed a deal on Mar 06 ’24 to sell 6782.0 shares.
