Cognex Corp (NASDAQ: CGNX) is -14.69% lower on its value in year-to-date trading and has touched a low of $34.79 and a high of $53.13 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 $36.57 in the last trading session, with the day’s loss setting it -0.96%.
Currently trading at $35.61, the stock is -7.84% and -10.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.13 million and changing -2.63% at the moment leaves the stock -15.37% off its SMA200. CGNX registered -14.05% loss for a year compared to 6-month loss of -24.62%. The firm has a 50-day simple moving average (SMA 50) of $39.6888 and a 200-day simple moving average (SMA200) of $42.0982.
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The stock witnessed a -7.75% gain in the last 1 month and extending the period to 3 months gives it a -10.60%, and is -5.01% 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 3.57% over the week and 2.96% over the month.
Cognex Corp (CGNX) has around 2992 employees, a market worth around $6.11B and $881.50M in sales. Current P/E ratio is 69.07 and Fwd P/E is 37.29. Profit margin for the company is 10.10%. Distance from 52-week low is 2.36% and -32.98% from its 52-week high. The company has generated returns on investments over the last 12 months (5.45%).
The EPS is expected to shrink by -6.25% this year
644.0 institutions hold shares in Cognex Corp (CGNX), with institutional investors hold 99.62% of the company’s shares. The shares outstanding are 171.51M, and float is at 171.08M with Short Float at 2.01%. Institutions hold 99.37% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 17.63 million shares valued at $824.2 million. The investor’s holdings represent 10.2662 of the CGNX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 15.11 million shares valued at $706.34 million to account for 8.7982 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 6.2 million shares representing 3.6123 and valued at over $290.0 million, while STATE STREET CORP holds 2.9981 of the shares totaling 5.15 million with a market value of $240.7 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 2,934 shares of the company’s common stock on Dec 12 ’24 at a price of $37.75 per share for a total of $0.11 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on Nov 22 ’24, SUN ANTHONY (Director) disposed off 26,000 shares at an average price of $40.03 for $1.04 million. The insider now directly holds 26,608 shares of Cognex Corp (CGNX).
