The leading market experts have placed a mean price target of $52.30 on Cognex Corporation (NASDAQ:CGNX) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.27 a share for the upcoming quarter and $1.41 for the current fiscal.
The technical analysis of Cognex Corporation plainly substantiates that the 50-day moving average of Cognex Corporation is $44.75, and stock is trading $5.65 points away or +12.63% from its 50-day moving average of $44.75. Further it is trading $10.32 or +25.74% away its 200-day moving average of $40.08. Cognex Corporation (NASDAQ:CGNX) 52-week high is $53.45 and the 52-week low is $28.01.
This explains if the stock moves $-3.05, it will post a 52-week high. In event of +79.94% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Cognex Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Cognex Corporation (NASDAQ:CGNX) ratio came in at 24.29.
The stock last ended the trading session at $50.40 and registered a market cap of $4.29B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Cognex Corporation (NASDAQ:CGNX) PEG ratio is at 2.37.
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