After finishing at $40.99 in the prior trading day, Cognex Corp. (NASDAQ: CGNX) closed at $40.92, down -0.17%. On the day, 2196391 shares were traded. CGNX stock price reached its highest trading level at $41.42 during the session, while it also had its lowest trading level at $40.79.
Ratios:
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 21.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 78.17. For the most recent quarter (mrq), Quick Ratio is recorded 3.31 and its Current Ratio is at 4.38. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.05.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Exane BNP Paribas on October 05, 2023, initiated with a Outperform rating and assigned the stock a target price of $55.
On August 30, 2023, Citigroup started tracking the stock assigning a Neutral rating and target price of $52.Citigroup initiated its Neutral rating on August 30, 2023, with a $52 target price.
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 Mar 06 ’24 when Gerst Carl sold 6,782 shares for $40.54 per share. The transaction valued at 274,923 led to the insider holds 0 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CGNX now has a Market Capitalization of 7.02B and an Enterprise Value of 6.77B. As of this moment, Cognex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 62.71, and their Forward P/E ratio for the next fiscal year is 34.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 21.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.39 while its Price-to-Book (P/B) ratio in mrq is 4.67. Its current Enterprise Value per Revenue stands at 8.08 whereas that against EBITDA is 46.82.
Stock Price History:
Over the past 52 weeks, CGNX has reached a high of $59.51, while it has fallen to a 52-week low of $34.28. The 50-Day Moving Average of the stock is 38.52, while the 200-Day Moving Average is calculated to be 44.12.
Shares Statistics:
The stock has traded on average 1.69M shares per day over the past 3-months and 1.59M shares per day over the last 10 days, according to various share statistics. A total of 171.60M shares are outstanding, with a floating share count of 171.17M. Insiders hold about 0.27% of the company’s shares, while institutions hold 90.21% stake in the company. Shares short for CGNX as of Feb 15, 2024 were 3.86M with a Short Ratio of 2.29, compared to 3.92M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.25% and a Short% of Float of 2.26%.
Dividends & Splits
In the trailing 12 months, CGNX’s forward annual dividend rate was 0.28, compared to 0.29 this year. Against a Trailing Annual Dividend Yield of 0.70%, it implies a Forward Annual Dividend Yield of 0.73%. The stock’s 5-year Average Dividend Yield is 0.44. The current Payout Ratio is 43.64% for CGNX, which recently paid a dividend on Mar 14, 2024 with an ex-dividend date of Feb 28, 2024. Stock splits for the company last occurred on Dec 04, 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 $0.08 for the current quarter, with a high estimate of $0.15 and a low estimate of $0.04, while EPS last year was $0.13. The consensus estimate for the next quarter is $0.21, with high estimates of $0.35 and low estimates of $0.15.
Analysts are recommending an EPS of between $0.95 and $0.59 for the fiscal current year, implying an average EPS of $0.79. EPS for the following year is $1.2, with 15 analysts recommending between $1.38 and $0.94.
Revenue Estimates
A total of 17 analysts have provided revenue estimates for CGNX’s current fiscal year. The highest revenue estimate was $980.71M, while the lowest revenue estimate was $882.34M, resulting in an average revenue estimate of $937.51M. In the same quarter a year ago, actual revenue was $837.55M, up 11.90% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $1.07B in the next fiscal year. The high estimate is $1.15B and the low estimate is $961.66M. The average revenue growth estimate for next year is up 14.40% from the average revenue estimate for this year.
