Cognex Corporation (NASDAQ:CGNX) went up by 2.32% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Scientific & Technical Instruments giant went up by $60.42 to trade ended Thursday trading at $59.05. This is up from the $59.05 price recorded on Wednesday’s trading session. Thanks to this latest performance, CGNX is closer to the higher price 52-week target of $60.00 and further from the lowest price target of $39.00. Its performance from the start of the year has also been positive, with CGNX up by 7.82% year-to-date.
Cognex Corporation (CGNX) started the day trading at $60 and recorded an intraday high of $60.82. It also recorded an intraday low of $59.65 during Thursday’s trading session. Cognex Corporation is a very active stock that recorded a trading volume that is less than -22.08% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 958416, which is less than -22.08 of the total average daily trading volume of 1.17 million.
Cognex Corporation (NASDAQ:CGNX) 2020 Performance Impressive
The increase in CGNX’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of CGNX currently stands at $64.28, which is higher than the current trading price of the stock by 6.0%. However, CGNX’s current trading price is -71.65% lower than the 52-week low price of $35.20. In terms of trading volume, Cognex Corporation currently experienced healthy participation during the last trading session. 958416 shares of Cognex Corporation were traded on the stock exchange on Thursday, which is less than -22.08% of the 1.17 million average trading volume of the stock.
The performance of the stock has been positive over the past year. CGNX’s performance over the past one year has seen it surge by 31.89%, while the stock has gone up by 6.73% in the last six months. The quarterly performance of CGNX currently stands at 44.65%, and it is up by 3.83% in the last month. The only negative figure was from the weekly performance, which currently reads -1.50%. At the time of writing CGNX’s report, the company has a total market cap of $10.85B, making it one of the largest publicly-traded companies in the world.Cognex Corporation also has over 2267 employees all over the world.
CGNX Insider Activities
For Cognex Corporation, insiders hold 95.80% of all company shares. The insider transactions over the past six months are up by 35.40%. During that period, insiders bought 76,000 shares in 5 transactions. In that same period, insiders sold 2,095,000 of their shares in 8 transactions. After these transactions, insiders at Cognex Corporation now hold 7.58M shares, which is over 94.68% of the total company stocks. Institutional investors currently hold a large chunk of the CGNX shares, as they control 4.41% of the company’s total stock.
CGNX Fundamental Analysis
For Cognex Corporation, the stock’s diluted earnings per share (EPS) stands at 1.09. In the coming year, analysts expect the EPS to be 0.95. The stock’s EPS growth this year is -10.40%, with analysts expecting almost a 1 growth in the earnings per share next week. In terms of revenue, Cognex Corporation’s quarterly sales (YOY) is growing at 0.10, which is lower than the average annual revenue of 13.30% over the past half a decade.
The Return on Investment (ROI) on Cognex Corporation’s stock currently stands at 13.50%, and it has a net profit margin of 26.60%. The operating margin of the company is 18.50%, and its gross margin is 74.30%.
CGNX Analysts Prediction
In June 02, 2020, several analysts reiterated their positions on the Cognex Corporation stock and predicted its performance to their investors. The analysts at Robert W. Baird believe CGNX is still a Underperform and set the price target between $44 and $45. and Goldman reiterate their Sell position on the stock ($45 and $36).
Needham and Needham also believe that Cognex Corporation’s stock is outperforming at the moment.
CGNX Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of CGNX currently stands at 4.65%, while the SMA50 is 5.92%. The biggest one is the SMA200, which is currently reading 16.40% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 57.38, while its price to earnings ratio (P/E) is 55.38.