Cognex Corp [CGNX] stock is trading at $37.71, up 0.59%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CGNX shares have gain 0.24% over the last week, with a monthly amount drifted -10.62%, 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 November 05, 2024, when Truist downgraded its rating to a Hold and also revised its price target to $43 from $46. Previously, Stephens upgraded its rating to Overweight on October 16, 2024, and elevated its price target to $55. On July 29, 2024, Needham reiterated its Buy rating and revised its price target to $57 on the stock. Vertical Research started tracking the stock assigning a Buy rating and suggested a price target of $58 on July 23, 2024. HSBC Securities upgraded its rating to a Buy. UBS upgraded its rating to Buy for this stock on March 19, 2024, and upped its price target to $54. In a note dated March 14, 2024, Truist initiated an Buy rating and provided a target price of $47 on this stock.
Cognex Corp [CGNX] stock has fluctuated between $34.79 and $53.13 over the past year. Currently, Wall Street analysts expect the stock to reach $48.75 within the next 12 months. Cognex Corp [NASDAQ: CGNX] shares were valued at $37.71 at the most recent close of the market. An investor can expect a potential return of 29.28% based on the average CGNX price forecast.
Analyzing the CGNX fundamentals
Cognex Corp [NASDAQ:CGNX] reported sales of 881.50M for the trailing twelve months, which represents a growth of 19.01%. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.06 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 0.01.
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 37.10 points at the first support level, and at 36.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.21, and for the 2nd resistance point, it is at 38.71.
Ratios To Look Out For
For context, Cognex Corp’s Current Ratio is 3.87. In addition, the Quick Ratio stands at 2.96 and the Cash Ratio stands at 1.15. Considering the valuation of this stock, the price to sales ratio is 7.34, the price to book ratio is 4.13 and price to earnings (TTM) ratio is 73.14.
Transactions by insiders
Recent insider trading involved Kuechen Joerg, Officer, that happened on Dec 12 ’24 when 2934.0 shares were purchased. Director, SUN ANTHONY completed a deal on Nov 22 ’24 to sell 26000.0 shares. Meanwhile, Director SUN ANTHONY bought 26000.0 shares on Nov 22 ’24.
