At the time of writing, Cognex Corp. [CGNX] stock is trading at $51.78, up 1.57%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CGNX shares have gain 9.47% over the last week, with a monthly amount glided 17.02%, and 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 May 07, 2024, when HSBC Securities upgraded its rating to a Buy. Previously, UBS upgraded its rating to Buy on March 19, 2024, and elevated its price target to $54. On March 14, 2024, Truist initiated with a Buy rating and assigned a price target of $47 on the stock. Exane BNP Paribas started tracking the stock assigning a Outperform rating and suggested a price target of $55 on October 05, 2023. KeyBanc Capital Markets initiated its recommendation with a Sector Weight. Citigroup started tracking with a Neutral rating for this stock on August 30, 2023, and assigned it a price target of $52. In a note dated February 23, 2023, Credit Suisse upgraded an Neutral rating on this stock and boosted its target price from $41 to $44.
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 $50.38 within the next 12 months. Cognex Corp. [NASDAQ: CGNX] shares were valued at $51.78 at the most recent close of the market. An investor can expect a potential drop of -2.7% based on the average CGNX price forecast.
Analyzing the CGNX fundamentals
According to Cognex Corp. [NASDAQ:CGNX], the company’s sales were 847.22M for trailing twelve months, which represents an 4.81% jump. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.07 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
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 51.12 points at the first support level, and at 50.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.22, and for the 2nd resistance point, it is at 52.66.
Ratios To Look Out For
It is important to note that Cognex Corp. [NASDAQ:CGNX] has a current ratio of 3.45. Further, the Quick Ratio stands at 2.55, while the Cash Ratio is 0.74. Considering the valuation of this stock, the price to sales ratio is 10.49, the price to book ratio is 5.97 and price to earnings (TTM) ratio is 90.07.
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.
