On Friday, Cognex Corp. (NASDAQ: CGNX) opened higher 1.90% from the last session, before settling in for the closing price of $39.99. Price fluctuations for CGNX have ranged from $34.28 to $53.13 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 1.98%. Company’s average yearly earnings per share was noted -1.64% at the time writing. With a float of $171.07 million, this company’s outstanding shares have now reached $171.60 million.
Let’s determine the extent of company efficiency that accounts for 2992 employees. In terms of profitability, gross margin is 69.47%, operating margin of 11.38%, and the pretax margin is 11.91%.
Cognex Corp. (CGNX) Insider Activity
A key investor’s attitude towards the stock of the Scientific & Technical Instruments industry is another important factor to consider. The insider ownership of Cognex Corp. is 0.25%, while institutional ownership is 98.07%. The most recent insider transaction that took place on Sep 04 ’24, was worth 249,920. In this transaction SVP, Chief Financial Officer of this company bought 6,570 shares at a rate of $38.04, taking the stock ownership to the 6,570 shares. Before that another transaction happened on Aug 07 ’24, when Company’s Director bought 2,000 for $38.62, making the entire transaction worth $77,230. This insider now owns 11,340 shares in total.
Cognex Corp. (CGNX) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.16 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.14) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.64% 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
Check out the current performance indicators for Cognex Corp. (CGNX). In the past quarter, the stock posted a quick ratio of 3.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.28. Likewise, its price to free cash flow for the trailing twelve months is 92.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.45, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 1.00 in one year’s time.
Technical Analysis of Cognex Corp. (CGNX)
Looking closely at Cognex Corp. (NASDAQ: CGNX), its last 5-days average volume was 0.99 million, which is a drop from its year-to-date volume of 1.27 million. As of the previous 9 days, the stock’s Stochastic %D was 82.87%. Additionally, its Average True Range was 0.98.
During the past 100 days, Cognex Corp.’s (CGNX) raw stochastic average was set at 30.76%, which indicates a significant decrease from 88.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.50% in the past 14 days, which was lower than the 48.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $39.28, while its 200-day Moving Average is $41.73. However, in the short run, Cognex Corp.’s stock first resistance to watch stands at $41.25. Second resistance stands at $41.75. The third major resistance level sits at $42.39. If the price goes on to break the first support level at $40.11, it is likely to go to the next support level at $39.47. Should the price break the second support level, the third support level stands at $38.97.
Cognex Corp. (NASDAQ: CGNX) Key Stats
There are currently 171,662K shares outstanding in the company with a market cap of 6.99 billion. Presently, the company’s annual sales total 837,550 K according to its annual income of 113,230 K. Last quarter, the company’s sales amounted to 239,290 K and its income totaled 36,210 K.
