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After finishing at $39.26 in the prior trading day, Cognex Corp (NASDAQ: CGNX) closed at $39.05, down -0.53%. In other words, the price has decreased by -$0.53 from its previous closing price. On the day, 1.16 million shares were traded. CGNX stock price reached its highest trading level at $39.24 during the session, while it also had its lowest trading level at $38.18.
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 23.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 72.66. For the most recent quarter (mrq), Quick Ratio is recorded 2.96 and its Current Ratio is at 3.87. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
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 the company, Truist on November 05, 2024, Downgraded its rating to Hold and sets its target price to $43 from $46 previously.
On October 16, 2024, Stephens Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $45 to $55.
Needham reiterated its Buy rating for the stock on July 29, 2024, while the target price for the stock was revised from $48 to $57.
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 Sep 04 ’24 when Fehr Dennis bought 6,570 shares for $38.04 per share. The transaction valued at 249,920 led to the insider holds 6,570 shares of the business.
PARROTTE DIANNE M bought 2,000 shares of CGNX for $77,230 on Aug 07 ’24. The Director now owns 11,340 shares after completing the transaction at $38.62 per share. On Mar 12 ’24, another insider, Kuechen Joerg, who serves as the Chief Technology Officer of the company, sold 5,331 shares for $40.93 each. As a result, the insider received 218,212 and left with 2,934 shares of the company.
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 6697660928 and an Enterprise Value of 6486974464. As of this moment, Cognex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 75.74, and their Forward P/E ratio for the next fiscal year is 40.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 25.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.60 while its Price-to-Book (P/B) ratio in mrq is 4.27. Its current Enterprise Value per Revenue stands at 7.359 whereas that against EBITDA is 51.513.
Stock Price History:
Over the past 52 weeks, CGNX has reached a high of $53.13, while it has fallen to a 52-week low of $34.79. The 50-Day Moving Average of the stock is -2.15%, while the 200-Day Moving Average is calculated to be -7.12%.
Shares Statistics:
The stock has traded on average 1.11M shares per day over the past 3-months and 1006130 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 171.08M. Insiders hold about 0.25% of the company’s shares, while institutions hold 97.14% stake in the company. Shares short for CGNX as of 1730332800 were 2736456 with a Short Ratio of 2.47, compared to 1727654400 on 3978850. Therefore, it implies a Short% of Shares Outstanding of 2736456 and a Short% of Float of 1.78.
Dividends & Splits
In the trailing 12 months, CGNX’s forward annual dividend rate was 0.3, compared to 0.38 this year. Against a Trailing Annual Dividend Yield of 0.0076413658The stock’s 5-year Average Dividend Yield is 0.48.
