+Compare
CGNX
Stock ticker: NASDAQ
AS OF
Loading...
Price
Loading...
Change
Loading...
Capitalization
6.32B

CGNX Price Prediction, Cognex Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I.Advisor
a Summary for CGNX with price predictions
07:00 PM EST Nov 28, 2023

Momentum Indicator for CGNX turns positive, indicating new upward trend

CGNX saw its Momentum Indicator move above the 0 level on November 07, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 88 similar instances where the indicator turned positive. In of the 88 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where CGNX's RSI Oscillator exited the oversold zone, of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CGNX just turned positive on November 02, 2023. Looking at past instances where CGNX's MACD turned positive, the stock continued to rise in of 40 cases 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 323 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 69 cases where CGNX's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

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 .

The Aroon Indicator for CGNX entered a downward trend on November 10, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (4.257) is normal, around the industry mean (7.043). P/E Ratio (40.486) is within average values for comparable stocks, (66.501). CGNX's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.703). Dividend Yield (0.008) settles around the average of (0.020) among similar stocks. P/S Ratio (7.262) is also within normal values, averaging (103.509).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable 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 81, placing this stock worse than average.

A.I. Advisor
published Earnings

CGNX is expected to report earnings to fall 46.56% to 8 cents per share on February 15

Cognex Corp CGNX Stock Earnings Reports
Q4'23
Est.
$0.09
Q3'23
Beat
by $0.02
Q2'23
Beat
by $0.06
Q1'23
Beat
by $0.05
Q4'22
Missed
by $0.03
The last earnings report on October 31 showed earnings per share of 15 cents, beating the estimate of 14 cents. With 6.62M shares outstanding, the current market capitalization sits at 6.32B.
A.I.Advisor
published Dividends

CGNX is expected to pay dividends on December 01, 2023

Cognex Corp CGNX Stock Dividends
A dividend of $0.08 per share will be paid with a record date of December 01, 2023, and an ex-dividend date of November 16, 2023. The last dividend of $0.07 was paid on September 01. Read more...
A.I.Advisor
published Highlights

Industry description

This industry manufactures electronic products used in various critical and sophisticated technologies, including laser-based systems, circuit and continuity testers, electro-optical measuring instruments and high-speed precision weighing and inspection equipment. Some major companies operating in this business are Canon Inc., Keysight Technologies Inc., and Fortive Corp.

Market Cap

The average market capitalization across the Electronic Equipment/Instruments Industry is 4.91B. The market cap for tickers in the group ranges from 27.54K to 109.85B. KYCCF holds the highest valuation in this group at 109.85B. The lowest valued company is CSEC at 27.54K.

High and low price notable news

The average weekly price growth across all stocks in the Electronic Equipment/Instruments Industry was 4%. For the same Industry, the average monthly price growth was 7%, and the average quarterly price growth was -10%. QURT experienced the highest price growth at 197%, while DSGT experienced the biggest fall at -45%.

Volume

The average weekly volume growth across all stocks in the Electronic Equipment/Instruments Industry was 45%. For the same stocks of the Industry, the average monthly volume growth was -15% and the average quarterly volume growth was -8%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 55
P/E Growth Rating: 64
Price Growth Rating: 53
SMR Rating: 77
Profit Risk Rating: 81
Seasonality Score: -10 (-100 ... +100)
View a ticker or compare two or three
Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
Ad is loading...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of machine vision computer systems

Industry ElectronicEquipmentInstruments

Profile
Fundamentals
Details
Industry
Electronic Production Equipment
Address
One Vision Drive
Phone
+1 508 650-3000
Employees
2441
Web
https://www.cognex.com
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
ETFs / NAMEPrice $Chg $Chg %
NBDS23.740.14
+0.58%
Neuberger Berman Disrupters ETF
IBND29.040.05
+0.17%
SPDR® Blmbg Intl Corp Bd ETF
PHK4.62N/A
N/A
PIMCO High Income Fund
SLV22.88-0.04
-0.17%
iShares Silver Trust
CHAT29.65-0.06
-0.20%
Roundhill Generative AI & Technology ETF

CGNX and

Correlation & Price change

A.I.dvisor indicates that over the last year, CGNX has been loosely correlated with GRMN. These tickers have moved in lockstep 58% of the time. This A.I.-generated data suggests there is some statistical probability that if CGNX jumps, then GRMN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CGNX
1D Price
Change %
CGNX100%
+2.15%
GRMN - CGNX
58%
Loosely correlated
-0.32%
MKSI - CGNX
58%
Loosely correlated
+3.05%
VNT - CGNX
52%
Loosely correlated
+0.13%
ITRI - CGNX
50%
Loosely correlated
+0.61%
TRMB - CGNX
49%
Loosely correlated
+2.82%
More