Cognex logged a -4.7% change during today's afternoon session, and is now trading at a price of $50.7 per share. The S&P 500 index moved 0.0% and the Nasdaq posted a 0.2% change. CGNX's trading volume is 550,555 compared to the stock's average volume of 835,316.
Cognex shares moved -22.9% over the last 52 weeks, with a high of $80.3 and a low of $40.21. During this time, the stock lagged the S&P 500 index by -10.2%. As of January 2022, the company's 50-day average price is $48.7884. Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks worldwide. The mid-cap Technology company has 2,257 full time employees and is based in Natick, MA. Cognex has returned a 0.5% dividend yield over the last 12 months.
Snapshot of the Company's Decent Operating Margins with a Positive Growth Rate:
|Gross Margins Growth||n/a||1.08%||-1.74%|
|Operating Margins Growth||n/a||29.59%||19.69%|
|Earnings Per Share||$1.16||$1.0||$1.56|
|Free Cash Flow (MM)||$231||$229||$299|
|Capital Expenditures (MM)||-$22||-$13||-$15|
|Net Debt / EBITDA||-1.03||-0.97||-0.49|
Cognex Is Expensive:
Compared to the Technology sector's average of 26.5, Cognex has a trailing twelve month P/E ratio of 41.9 and, according to its EPS guidance of 1.45, an expected P/E ratio of 35.0. Cognex's PEG ratio is 3.59 based on its 11.67% average growth rate of historical and projected earnings per share. This suggests that the company's shares are overvalued.
Cognex's P/B ratio is 6.3 compared to its sector average of 5.57, meaning that the company is likely overvalued in terms of its equity. The company's shares are currently trading 238.7% above their fair value as expressed by Benjamin Graham's formula:
√(22.5 * 3-year average EPS * book value per share) = √(22.5 * 1.24 * 8.033) = $14.97
Cognex Is the Subject of Mixed Market Indicators:
16 analysts are following Cognex and have set target prices ranging from $40 to $65 per share. On average, they have given the company a rating of hold. At the current price of $50.7, CGNX is trading -0.47% away from its average analyst target price of $50.94 per share, implying an analyst consensus of some upside potential for the stock.
The company has an average amount of shares sold short since 3.2% of the company's shares are tied to short positions. Institutions own 93.9% of Cognex's shares, while the insider ownership rate stands at 3.49%. The biggest shareholder is Blackrock Inc. with a 10% stake in the company worth approximately $836,415,556.