A share price of Cognex Corp [CGNX] is currently trading at $41.02, up 3.25%. 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 10.30% over the last week, with a monthly amount glided 12.17%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Cognex Corp [NASDAQ: CGNX] stock has seen the most recent analyst activity on December 20, 2024, when Cantor Fitzgerald initiated its Overweight rating and assigned the stock a price target of $49. Previously, Truist downgraded its rating to Hold on November 05, 2024, and dropped its price target to $43. On October 16, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $55 on the stock. Needham reiterated its Buy rating and increased its price target to $57 on July 29, 2024. Vertical Research initiated its recommendation with a Buy and recommended $58 as its price target on July 23, 2024. HSBC Securities upgraded its rating to Buy for this stock on May 07, 2024. In a note dated March 19, 2024, UBS upgraded an Buy rating on this stock and boosted its target price from $42 to $54.
Cognex Corp experienced fluctuations in its stock price throughout the past year between $34.79 and $53.13. Currently, Wall Street analysts expect the stock to reach $48.75 within the next 12 months. Cognex Corp [NASDAQ: CGNX] shares were valued at $41.02 at the most recent close of the market. An investor can expect a potential return of 18.84% based on the average CGNX price forecast.
Analyzing the CGNX fundamentals
Trailing Twelve Months sales for Cognex Corp [NASDAQ:CGNX] were 881.50M which represents 19.01% growth. 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. 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 40.15 points at the first support level, and at 39.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.66, and for the 2nd resistance point, it is at 42.30.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cognex Corp [NASDAQ:CGNX] is 3.87. As well, the Quick Ratio is 2.96, while the Cash Ratio is 1.15. Considering the valuation of this stock, the price to sales ratio is 7.98, the price to book ratio is 4.49 and price to earnings (TTM) ratio is 79.56.
Transactions by insiders
Recent insider trading involved Kuechen Joerg, Chief Technology Officer, that happened on Dec 12 ’24 when 2934.0 shares were sold. Officer, Kuechen Joerg completed a deal on Dec 12 ’24 to buy 2934.0 shares. Meanwhile, Director SUN ANTHONY sold 26000.0 shares on Nov 22 ’24.
