Cognex Corp. [CGNX] stock is trading at $40.30, up 4.03%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CGNX shares have gain 1.18% over the last week, with a monthly amount glided 2.65%, 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 July 29, 2024, when Needham reiterated its Buy rating and also boosted its price target to $57 from $48. Previously, Vertical Research started tracking the stock with Buy rating on July 23, 2024, and set its price target to $58. On May 07, 2024, upgrade upgraded it’s rating to Buy. UBS upgraded its rating to a Buy and increased its price target to $54 on March 19, 2024. Truist initiated its recommendation with a Buy and recommended $47 as its price target on March 14, 2024. Exane BNP Paribas started tracking with a Outperform rating for this stock on October 05, 2023, and assigned it a price target of $55. In a note dated October 03, 2023, KeyBanc Capital Markets initiated an Sector Weight rating.
Cognex Corp. [CGNX] stock has fluctuated between $34.28 and $53.13 over the past year. Currently, Wall Street analysts expect the stock to reach $49.5 within the next 12 months. Cognex Corp. [NASDAQ: CGNX] shares were valued at $40.30 at the most recent close of the market. An investor can expect a potential return of 22.83% based on the average CGNX price forecast.
Analyzing the CGNX fundamentals
Cognex Corp. [NASDAQ:CGNX] reported sales of 844.00M for the trailing twelve months, which represents a drop of -1.33%. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.05 and Total Capital is 0.05. 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 39.57 points at the first support level, and at 38.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.73, and for the 2nd resistance point, it is at 41.15.
Ratios To Look Out For
For context, Cognex Corp.’s Current Ratio is 3.97. As well, the Quick Ratio is 3.04, while the Cash Ratio is 1.05. Considering the valuation of this stock, the price to sales ratio is 8.19, the price to book ratio is 4.59 and price to earnings (TTM) ratio is 88.86.
Transactions by insiders
Recent insider trading involved Fehr Dennis, SVP, Chief Financial Officer, that happened on Sep 04 ’24 when 6570.0 shares were purchased. Director, PARROTTE DIANNE M completed a deal on Aug 07 ’24 to buy 2000.0 shares. Meanwhile, Chief Technology Officer Kuechen Joerg sold 5331.0 shares on Mar 12 ’24.
