At the time of writing, Cognex Corp. [CGNX] stock is trading at $39.99, down -0.47%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CGNX shares have gain 3.82% over the last week, with a monthly amount glided 3.92%, 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 October 16, 2024, when Stephens upgraded its rating to a Overweight and also boosted its price target to $55 from $45. Previously, Needham reaffirmed its Buy rating on July 29, 2024, and elevated its price target to $57. On July 23, 2024, Vertical Research initiated with a Buy rating and assigned a price target of $58 on the stock. HSBC Securities upgraded its rating to a Buy. UBS upgraded its rating to a Buy and raised its price target to $54 on March 19, 2024. Truist started tracking with a Buy rating for this stock on March 14, 2024, and assigned it a price target of $47. In a note dated October 05, 2023, Exane BNP Paribas initiated an Outperform rating and provided a target price of $55 on this stock.
For the past year, the stock price of Cognex Corp. fluctuated between $34.28 and $53.13. Currently, Wall Street analysts expect the stock to reach $50.5 within the next 12 months. Cognex Corp. [NASDAQ: CGNX] shares were valued at $39.99 at the most recent close of the market. An investor can expect a potential return of 26.28% based on the average CGNX price forecast.
Analyzing the CGNX fundamentals
According to Cognex Corp. [NASDAQ:CGNX], the company’s sales were 844.00M for trailing twelve months, which represents an -1.33% plunge. 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 39.62 points at the first support level, and at 39.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.43, and for the 2nd resistance point, it is at 40.88.
Ratios To Look Out For
It is important to note that Cognex Corp. [NASDAQ:CGNX] has a current ratio of 3.97. Also, the Quick Ratio is 3.04, while the Cash Ratio stands at 1.05. Considering the valuation of this stock, the price to sales ratio is 8.13, the price to book ratio is 4.55 and price to earnings (TTM) ratio is 88.18.
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.
