Stock To Watch: Cognex Corporation (NASDAQ:CGNX)


The leading market experts have placed a mean price target of $43.57 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 $0.37 a share for the upcoming quarter and $1.22 for the current fiscal. Technical View The technical analysis of Cognex Corporation plainly substantiates that the 50-day moving average of Cognex Corporation is $42.14, and stock is hovering 0.96 or +2.28% distant from $42.14. It is noted that the 200-day MA is $37.41, and Cognex Corporation stock is $5.69 or +15.20% off from this point. Cognex Corporation (NASDAQ:CGNX) 52-week high is $48.56 and the 52-week low is $28.01. This explains if the stock moves $-5.46, it will post a 52-week high. In event of $+53.87% points 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 20.83. The stock last ended the trading session at $43.10 and registered a market cap of $3.67B. 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 2.36.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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