Robots Sector Analysis: 1-Week Surge of +2.91% | Top Stocks
Robots Theme in Financial Markets
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and
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Theme Robots -- 1 week change +2.91%
$CGNX $IRBT $ISRG $ROK $ZBRA
Theme Description
Robots encompass companies that venture into the creation of robotic technology that serves diverse functions, from lawn maintenance to complex medical procedures for cardiovascular diseases. The rise of automation and robotics is a landmark achievement in contemporary technology. Such advancements have sparked debates regarding its potential impact on the human labor market. A few firms in this sector include Stereotaxis Inc., known for its cardiology instrument navigation systems; Edwards Lifesciences Corp., which offers solutions for late-stage cardiovascular diseases; and iRobot Corp., which produces robots for household chores like mopping.
Key Companies within the Robot Theme
- Intuitive Surgical (NASDAQ: ISRG)
- Market Cap: 100.4B
- Weekly Price Performance: The stock witnessed a decline of -5.27% this past week. Market analysts anticipate a potential downtrend reversal.
- iRobot Corp (NASDAQ:IRBT)
- Market Cap: 1.1B
- Specialty: Recognized for manufacturing robots utilized for mopping and lawn maintenance.
- Cognex (NASDAQ:CGNX)
- Market Cap: Data not provided
- Weekly Price Performance: The company's stock decreased by -6.16% over the week. There is an expectation of a downtrend reversal.
Market Capitalization Insights
The average market capitalization across the robot-themed companies stands at 31.5B. The valuation range for these firms varies widely, with ISRG taking the lead with a hefty valuation of 100.4B and IRBT being on the lower side, valued at 1.1 B.
Price Fluctuations and Noteworthy News
The robot theme observed an average weekly price increase of 2.91%. However, this trend hasn't been uniform throughout, with IRBT recording the highest price jump at 5.79%, and on the flip side, ZBRA registering a decrease of -1.32%.
Other significant news includes:
- Rockwell Automation (ROK, $304.28) saw a significant drop, declining by -8.89% this week.
Volume Analysis
For the theme, the average weekly volume growth was noted at -21.24%. In terms of a longer duration, the monthly and quarterly volume growth averaged at -8.19% and 6.29%, respectively.
Fundamental Analysis Metrics
For a clearer understanding of the robot theme's financial health and potential, a look into their fundamental analysis ratings is essential. The ratings, where a score of 1 is the best and 100 the worst, are:
- Valuation Rating: 75
- P/E Growth Rating: 44
- Price Growth Rating: 54
- SMR Rating: 57
- Seasonality Score: -31 (ranging from -100 to +100)
This analysis provides a holistic view of the robotic theme in the financial market, shedding light on their performance, potential, and position in the broader industry landscape.
CGNX's Stochastic Oscillator remains in oversold zone for 2 days
Be on the lookout for a price bounce soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
The 10-day moving average for CGNX crossed bullishly above the 50-day moving average on October 07, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CGNX advanced for three days, in of 310 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 25, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CGNX as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CGNX turned negative on October 23, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 38 similar instances when the indicator turned negative. In of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at .
CGNX moved below its 50-day moving average on October 22, 2024 date and that indicates a change from an upward trend to a downward trend.
The 50-day moving average for CGNX moved below the 200-day moving average on September 24, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CGNX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CGNX broke above its upper Bollinger Band on October 18, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CGNX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.766) is normal, around the industry mean (7.157). P/E Ratio (64.231) is within average values for comparable stocks, (80.408). CGNX's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.167). Dividend Yield (0.007) settles around the average of (0.022) among similar stocks. P/S Ratio (8.643) is also within normal values, averaging (113.612).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CGNX’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock worse than average.
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of machine vision computer systems
Industry ElectronicEquipmentInstruments