Cognex Corp. (CGNX) concluded trading on Thursday at a closing price of $39.08, with 6.25 million shares of worth about $244.33 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.14% during that period and on August 01, 2024 the price saw a loss of about -21.24%. Currently the company’s common shares owned by public are about 171.60M shares, out of which, 171.24M shares are available for trading.
Stock saw a price change of -19.74% in past 5 days and over the past one month there was a price change of -17.19%. Year-to-date (YTD), CGNX shares are showing a performance of -6.37% which decreased to -24.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $34.28 but also hit the highest price of $53.37 during that period. The average intraday trading volume for Cognex Corp. shares is 1.11 million. The stock is currently trading -21.49% below its 20-day simple moving average (SMA20), while that difference is down -17.81% for SMA50 and it goes to -5.62% lower than SMA200.
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Cognex Corp. (NASDAQ: CGNX) currently have 171.60M outstanding shares and institutions hold larger chunk of about 96.12% of that.
The stock has a current market capitalization of $6.71B and its 3Y-monthly beta is at 1.42. PE ratio of stock for trailing 12 months is 67.98, while it has posted earnings per share of $0.57 in the same period. Its PEG reads 22.89 and has Quick Ratio of 2.55 while making debt-to-equity ratio of 0.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CGNX, volatility over the week remained 6.98% while standing at 3.61% over the month.
Stock’s fiscal year EPS is expected to rise by 4.57% while it is estimated to increase by 65.28% in next year. EPS is likely to grow at an annualized rate of 2.97% for next 5-years, compared to annual growth of -11.98% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Needham on July 29, 2024 offering a Buy rating for the stock and assigned a target price range of between $48 and $57 to it. Coverage by Vertical Research stated Cognex Corp. (CGNX) stock as a Buy in their note to investors on July 23, 2024, suggesting a price target of $58 for the stock. On May 07, 2024, HSBC Securities Upgrade their recommendations, while on March 19, 2024, UBS Upgrade their ratings for the stock with a price target of $54. Stock get a Buy rating from Truist on March 14, 2024.
