Cognex Corp. (NASDAQ: CGNX) is -2.23% lower on its value in year-to-date trading and has touched a low of $34.28 and a high of $59.51 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 $40.79 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $40.81, the stock is -0.94% and 4.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 0.05% at the moment leaves the stock -4.85% off its SMA200. CGNX registered -17.64% loss for a year compared to 6-month loss of -3.36%. The firm has a 50-day simple moving average (SMA 50) of $8.07 and a 200-day simple moving average (SMA200) of $46.72.
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The stock witnessed a 2.72% gain in the last 1 month and extending the period to 3 months gives it a 1.17%, and is -1.28% down 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 2.24% over the week and 2.15% over the month.
Cognex Corp. (CGNX) has around 2992 employees, a market worth around $7.00B and $837.55M in sales. Current P/E ratio is 62.54 and Fwd P/E is 34.30. Profit margin for the company is 13.52%. Distance from 52-week low is 19.05% and -31.42% from its 52-week high. The company has generated returns on investments over the last 12 months (7.20%).
Cognex Corp. quarterly earnings per share for the current quarter are estimated at $0.07 with sales reaching $200.39M over the same period.The EPS is expected to grow by 16.04% this year, but quarterly earnings will post 11.50% year-over-year.
651 institutions hold shares in Cognex Corp. (CGNX), with institutional investors hold 95.39% of the company’s shares. The shares outstanding are 171.60M, and float is at 171.18M with Short Float at 2.60%. Institutions hold 95.16% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 17.13 million shares valued at $959.71 million. The investor’s holdings represent 9.94% of the CGNX Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 16.5 million shares valued at $924.43 million to account for 9.58% of the shares outstanding. The other top investors are Bank Of New York Mellon Corporation which holds 10.72 million shares representing 6.22% and valued at over $600.47 million, while State Street Corporation holds 3.26% of the shares totaling 5.62 million with a market value of $315.06 million.
Cognex Corp. (CGNX) Insider Activity
The most recent transaction is an insider sale by Kuechen Joerg, the company’s Chief Technology Officer. SEC filings show that Kuechen Joerg sold 5,331 shares of the company’s common stock on Mar 12 ’24 at a price of $40.93 per share for a total of $0.22 million. Following the sale, the insider now owns 2934.0 shares.
Cognex Corp. disclosed in a document filed with the SEC on Mar 06 ’24 that Gerst Carl (EVP, Vision & ID Products) sold a total of 6,782 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $40.54 per share for $0.27 million. Following the transaction, the insider now directly holds 0.0 shares of the CGNX stock.
