Cognex Corp (NASDAQ: CGNX) on Friday, soared 3.75% from the previous trading day, before settling in for the closing price of $39.20. Within the past 52 weeks, CGNX’s price has moved between $34.79 and $53.13.
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Annual sales at Technology sector company grew by 1.98% over the past five years. The company achieved an average annual earnings per share of -6.33%. With a float of $171.08 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. In terms of profitability, gross margin is 68.4%, operating margin of 11.0%, and the pretax margin is 12.48%.
Cognex Corp (CGNX) Insider and Institutional Ownership
Observing investor behavior towards Scientific & Technical Instruments industry stocks is more important than anything else. The insider ownership of Cognex Corp is 0.25%, while institutional ownership is 97.15%. The most recent insider transaction that took place on Nov 22 ’24, was worth 1,040,671. Before that another transaction happened on Sep 04 ’24, when Company’s SVP, Chief Financial Officer bought 6,570 for $38.04, making the entire transaction worth $249,920. This insider now owns 6,570 shares in total.
Cognex Corp (CGNX) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.11 earnings per share (EPS) for the period topping the consensus outlook (set at 0.09) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -6.33% 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
Cognex Corp (CGNX) is currently performing well based on its current performance indicators. A quick ratio of 2.96 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.21. Likewise, its price to free cash flow for the trailing twelve months is 78.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.52, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 0.96 in one year’s time.
Technical Analysis of Cognex Corp (CGNX)
Cognex Corp (NASDAQ: CGNX) saw its 5-day average volume 1.02 million, a negative change from its year-to-date volume of 1.27 million. As of the previous 9 days, the stock’s Stochastic %D was 31.15%. Additionally, its Average True Range was 1.17.
During the past 100 days, Cognex Corp’s (CGNX) raw stochastic average was set at 30.31%, which indicates a significant decrease from 49.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.65% in the past 14 days, which was lower than the 48.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $39.97, while its 200-day Moving Average is $42.09. Nevertheless, the first resistance level for the watch stands at $41.09 in the near term. At $41.50, the stock is likely to face the second major resistance level. The third major resistance level sits at $42.31. If the price goes on to break the first support level at $39.87, it is likely to go to the next support level at $39.06. The third support level lies at $38.65 if the price breaches the second support level.
Cognex Corp (NASDAQ: CGNX) Key Stats
Market capitalization of the company is 7.24 billion based on 171,515K outstanding shares. Right now, sales total 837,550 K and income totals 113,230 K. The company made 234,740 K in profit during its latest quarter, and 29,590 K in sales during its previous quarter.
