Cognex Corporation (NASDAQ: CGNX) is -44.82% lower on its value in year-to-date trading and has touched a low of $40.55 and a high of $92.17 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CGNX stock was last observed hovering at around $44.41 in the last trading session, with the day’s loss setting it -1.5% off its average median price target of $50.00 for the next 12 months. It is also 42.79% off the consensus price target high of $75.00 offered by 18 analysts, but current levels are -4.66% lower than the price target low of $41.00 for the same period.
Currently trading at $42.91, the stock is -1.10% and -6.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing -3.38% at the moment leaves the stock -27.38% off its SMA200. CGNX registered -49.57% loss for a year compared to 6-month loss of -40.96%.
The stock witnessed a -1.54% gain in the last 1 month and extending the period to 3 months gives it a 1.08%, and is 1.23% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.87% over the week and 3.39% over the month.
Cognex Corporation (CGNX) has around 2257 employees, a market worth around $7.38B and $1.09B in sales. Current P/E ratio is 29.51 and Fwd P/E is 29.15. Profit margin for the company is 23.80%. Distance from 52-week low is 5.82% and -53.44% from its 52-week high. The company has generated returns on investments over the last 12 months (19.30%).
Cognex Corporation (CGNX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Cognex Corporation (CGNX) is a “Hold”. 18 analysts offering their recommendations for the stock have an average rating of 2.60, where 7 rate it as a Hold and 2 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Cognex Corporation is expected to release its quarterly report on 10/31/2022.The EPS is expected to grow by 55.90% this year
Cognex Corporation (CGNX) Top Institutional Holders
The shares outstanding are 173.51M, and float is at 166.25M with Short Float at 2.92%.
Cognex Corporation (CGNX) Insider Activity
A total of 3 insider transactions have happened at Cognex Corporation (CGNX) in the last six months, with sales accounting for 1 and purchases happening 2 times. The most recent transaction is an insider purchase by PARROTTE DIANNE M, the company’s Director. SEC filings show that PARROTTE DIANNE M bought 3,000 shares of the company’s common stock on May 12 at a price of $46.00 per share for a total of $0.14 million. Following the purchase, the insider now owns 3608.0 shares.
Cognex Corporation disclosed in a document filed with the SEC on Feb 17 that ALIAS PATRICK (Director) sold a total of 427 shares of the company’s common stock. The trade occurred on Feb 17 and was made at $63.75 per share for $27221.0. Following the transaction, the insider now directly holds 0.0 shares of the CGNX stock.
Still, SEC filings show that on Nov 12, Todgham Paul (SVP, CFO) disposed off 3,000 shares at an average price of $82.99 for $0.25 million. The insider now directly holds 3,492 shares of Cognex Corporation (CGNX).
Cognex Corporation (CGNX): Who are the competitors?
The company’s main competitors (and peers) include Schmitt Industries Inc. (SMIT) that is trading -24.21% down over the past 12 months and Hurco Companies Inc. (HURC) that is -24.55% lower over the same period. Zebra Technologies Corporation (ZBRA) is -47.50% down on the 1-year trading charts.