Cognex Corp. (CGNX)’s latest performance is not what we had anticipated

Cognex Corp. (NASDAQ: CGNX) kicked off on Tuesday, up 0.51% from the previous trading day, before settling in for the closing price of $46.85. Over the past 52 weeks, CGNX has traded in a range of $34.28-$59.51.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Annual sales at Technology sector company grew by 1.98% over the past five years. While this was happening, its average annual earnings per share was recorded 9.13%. With a float of $171.24 million, this company’s outstanding shares have now reached $171.60 million.

Let’s look at the performance matrix of the company that is accounted for 2992 employees.

Cognex Corp. (CGNX) Insider Updates

Our next focus will be how large-scale investors are participating in this stock of the Scientific & Technical Instruments Industry. The insider ownership of Cognex Corp. is 0.25%, while institutional ownership is 93.44%. The most recent insider transaction that took place on Mar 12 ’24, was worth 218,212. In this transaction Chief Technology Officer of this company sold 5,331 shares at a rate of $40.93, taking the stock ownership to the 2,934 shares. Before that another transaction happened on Mar 06 ’24, when Company’s EVP, Vision & ID Products sold 6,782 for $40.54, making the entire transaction worth $274,923. This insider now owns 0 shares in total.

Cognex Corp. (CGNX) Performance Highlights and Predictions

According to the Wall Street analysts, stocks earnings will be around 9.13% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.97% during the next five years compared to -11.98% drop over the previous five years of trading.

Cognex Corp. (NASDAQ: CGNX) Trading Performance Indicators

Take a look at Cognex Corp.’s (CGNX) current performance indicators. Last quarter, stock had a quick ratio of 2.55. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.54. Likewise, its price to free cash flow for the trailing twelve months is 104.46.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.57, a number that is poised to hit 0.19 in the next quarter and is forecasted to reach 1.15 in one year’s time.

Technical Analysis of Cognex Corp. (CGNX)

Cognex Corp. (NASDAQ: CGNX) saw its 5-day average volume 1.1 million, a negative change from its year-to-date volume of 1.45 million. As of the previous 9 days, the stock’s Stochastic %D was 89.19%. Additionally, its Average True Range was 1.15.

During the past 100 days, Cognex Corp.’s (CGNX) raw stochastic average was set at 95.57%, which indicates a significant increase from 93.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.58% in the past 14 days, which was lower than the 30.33% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $41.61, while its 200-day Moving Average is $40.85. Nevertheless, the first resistance level for the watch stands at $47.59 in the near term. At $48.10, the stock is likely to face the second major resistance level. The third major resistance level sits at $48.53. If the price goes on to break the first support level at $46.65, it is likely to go to the next support level at $46.22. Assuming the price breaks the second support level, the third support level stands at $45.71.

Cognex Corp. (NASDAQ: CGNX) Key Stats

The company with the Market Capitalisation of 8.08 billion has total of 171,662K Shares Outstanding. Its annual sales at the moment are 837,550 K in contrast with the sum of 113,230 K annual income. Company’s last quarter sales were recorded 210,800 K and last quarter income was 12,020 K.