Is this a Prime Time To acquire Cognex Corporation (CGNX) stock

After closing at $41.72 in the most recent trading day, Cognex Corporation (NASDAQ: CGNX) closed at 44.41, up 6.45%. In other words, the price has increased by $+2.69 from its previous closing price. On the day, 3784922 shares were traded. CGNX reached its highest trading level at $45.67 during the session, while it also had its lowest trading level at $42.85.

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Our goal is to gain a better understanding of CGNX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 51.51. For the most recent quarter (mrq), Quick Ratio is recorded 3.30 and its Current Ratio is at 3.80. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

On August 03, 2022, Bernstein Upgraded its rating to Outperform which previously was Mkt Perform but kept the price unchanged to $65.

Stephens Downgraded its Overweight to Equal-Weight on August 03, 2022, whereas the target price for the stock was revised from $80 to $45.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 12 when PARROTTE DIANNE M bought 3,000 shares for $46.00 per share. The transaction valued at 138,000 led to the insider holds 3,608 shares of the business.

ALIAS PATRICK sold 427 shares of CGNX for $27,221 on Feb 17. The Director now owns 0 shares after completing the transaction at $63.75 per share. On Nov 12, another insider, Todgham Paul, who serves as the SVP, CFO of the company, sold 3,000 shares for $82.99 each. As a result, the insider received 248,979 and left with 3,492 shares of the company.

Valuation Measures:

As of this moment, Cognex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.54, and their Forward P/E ratio for the next fiscal year is 30.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.03 while its Price-to-Book (P/B) ratio in mrq is 5.54.

Stock Price History:

Over the past 52 weeks, CGNX has reached a high of $92.17, while it has fallen to a 52-week low of $40.55. The 50-Day Moving Average of the stock is 45.84, while the 200-Day Moving Average is calculated to be 59.09.

Shares Statistics:

The stock has traded on average 1.05M shares per day over the past 3-months and 1.35M shares per day over the last 10 days, according to various share statistics. A total of 173.51M shares are outstanding, with a floating share count of 166.25M. Insiders hold about 4.12% of the company’s shares, while institutions hold 94.90% stake in the company. Shares short for CGNX as of Jul 14, 2022 were 5.79M with a Short Ratio of 4.60, compared to 4.55M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.33% and a Short% of Float of 3.76%.

Dividends & Splits

In the trailing 12 months, CGNX’s forward annual dividend rate was 0.22, compared to 0.26 this year. Against a Trailing Annual Dividend Yield of 0.54%, it implies a Forward Annual Dividend Yield of 0.51%. The stock’s 5-year Average Dividend Yield is 0.36. The current Payout Ratio is 17.30% for CGNX, which recently paid a dividend on Sep 01, 2022 with an ex-dividend date of May 18, 2022. Stock splits for the company last occurred on Dec 03, 2017 when the company split stock in a 2:1 ratio.

Earnings Estimates

Its stock is currently analyzed by 13 different market analysts. On average, analysts expect EPS of $0.41 for the current quarter, with a high estimate of $0.46 and a low estimate of $0.38, while EPS last year was $0.43. The consensus estimate for the next quarter is $0.47, with high estimates of $0.6 and low estimates of $0.31.

Analysts are recommending an EPS of between $1.99 and $1.5 for the fiscal current year, implying an average EPS of $1.69. EPS for the following year is $1.97, with 15 analysts recommending between $2.44 and $1.65.

Revenue Estimates

11 analysts predict $276.59M in revenue for the current quarter. It ranges from a high estimate of $282M to a low estimate of $274.55M. As of the current estimate, Cognex Corporation’s year-ago sales were $264.61M, an estimated increase of 4.50% from the year-ago figure.

A total of 16 analysts have provided revenue estimates for CGNX’s current fiscal year. The highest revenue estimate was $1.18B, while the lowest revenue estimate was $1.06B, resulting in an average revenue estimate of $1.12B. In the same quarter a year ago, actual revenue was $1.04B, up 8.10% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $1.23B in the next fiscal year. The high estimate is $1.33B and the low estimate is $1.13B. The average revenue growth estimate for next year is up 9.40% from the average revenue estimate for this year.