Cognex Corp [NASDAQ: CGNX] traded at a high on Wednesday, posting a 10.79 gain after which it closed the day’ session at $25.78.
The results of the trading session contributed to over 8582110 shares changing hands. Over the past one week, the price volatility of Cognex Corp stands at 10.64% while the volatility over the past one month is 4.95%.
The market cap for CGNX stock reached $4.37 billion, with 170.43 million shares outstanding and 168.87 million shares in the current float. Compared to the average trading volume of 1.90M shares, CGNX reached a trading volume of 8582110 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Cognex Corp [CGNX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CGNX shares is $40.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CGNX stock is a recommendation set at 2.17. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
HSBC Securities have made an estimate for Cognex Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on February 21, 2025. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on December 20, 2024, representing the official price target for Cognex Corp stock. Previously, the target price had yet another drop from $46 to $43, while Truist kept a Hold rating on CGNX stock. On October 16, 2024, analysts increased their price target for CGNX shares from 45 to 55.
The Average True Range (ATR) for Cognex Corp is set at 1.64, with the Price to Sales ratio for CGNX stock in the period of the last 12 months amounting to 4.77. The Price to Book ratio for the last quarter was 2.90, with the Price to Cash per share for the same quarter was set at 1.45. Price to Free Cash Flow for CGNX in the course of the last twelve months was 32.58 with Quick ratio for the last quarter at 2.63.
How has CGNX stock performed recently?
Cognex Corp [CGNX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.72. With this latest performance, CGNX shares dropped by -19.86% in over the last four-week period, additionally sinking by -34.67% over the last 6 months – not to mention a drop of -37.09% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CGNX stock in for the last two-week period is set at 34.04, with the RSI for the last a single of trading hit 35.20, and the three-weeks RSI is set at 34.24 for Cognex Corp [CGNX]. The present Moving Average for the last 50 days of trading for this stock 32.88, while it was recorded at 25.10 for the last single week of trading, and 38.83 for the last 200 days.
Cognex Corp [CGNX]: Deeper insight into the fundamentals
Cognex Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.63 and a Current Ratio set at 3.56.
Earnings analysis for Cognex Corp [CGNX]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CGNX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cognex Corp go to 27.30%.
Insider trade positions for Cognex Corp [CGNX]
There are presently around $99.93%, or 100.21%% of CGNX stock, in the hands of institutional investors. The top three institutional holders of CGNX stocks are: VANGUARD GROUP INC with ownership of 17.63 million shares, which is approximately 10.2662%. BLACKROCK INC., holding 15.11 million shares of the stock with an approximate value of $$706.34 million in CGNX stocks shares; and BLACKROCK INC., currently with $$290.0 million in CGNX stock with ownership which is approximately 3.6149%.
