Growth Story Still Intact For Cognex Corp (CGNX)

Cognex Corp (CGNX) concluded trading on Thursday at a closing price of $33.92, with 6.42 million shares of worth about $217.79 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.38% during that period and on February 13, 2025 the price saw a loss of about -13.58%. Currently the company’s common shares owned by public are about 171.51M shares, out of which, 171.02M shares are available for trading.

Stock saw a price change of -12.26% in past 5 days and over the past one month there was a price change of -12.06%. Year-to-date (YTD), CGNX shares are showing a performance of -5.41% which decreased to -8.00% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $34.98 but also hit the highest price of $53.13 during that period. The average intraday trading volume for Cognex Corp shares is 1.10 million. The stock is currently trading -13.53% below its 20-day simple moving average (SMA20), while that difference is down -10.76% for SMA50 and it goes to -18.44% lower than SMA200.

Cognex Corp (NASDAQ: CGNX) currently have 171.51M outstanding shares and institutions hold larger chunk of about 96.60% of that.

The stock has a current market capitalization of $5.82B and its 3Y-monthly beta is at 1.40. PE ratio of stock for trailing 12 months is 55.55, while it has posted earnings per share of $0.61 in the same period. Its PEG reads 1.79 and has Quick Ratio of 2.69 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 5.80% while standing at 3.45% over the month.

Stock’s fiscal year EPS is expected to rise by 52.83% while it is estimated to increase by 36.03% in next year. EPS is likely to grow at an annualized rate of 31.04% for next 5-years, compared to annual growth of -11.96% 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 Cantor Fitzgerald on December 20, 2024 offering an Overweight rating for the stock and assigned a target price of $49 to it. Coverage by Truist stated Cognex Corp (CGNX) stock as a Hold in their note to investors on November 05, 2024, suggesting a price target of $43 for the stock. On October 16, 2024, Stephens Upgrade their recommendations, while on July 29, 2024, Needham Reiterated their ratings for the stock with a price target of $57. Stock get a Buy rating from Vertical Research on July 23, 2024.

Most Popular

Related Posts