Cognex Stock Today
| CGNX Stock | USD 39.17 0.71 1.85% |
Performance2 of 100
| Odds Of DistressLess than 5
|
Cognex is trading at 39.17 as of the 23rd of April 2024; that is 1.85 percent up since the beginning of the trading day. The stock's open price was 38.46. Cognex has under 5 % chance of experiencing financial distress over the next 2 years but had a somewhat weak performance during the last 90 days. Equity ratings for Cognex are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of July 2022 and ending today, the 23rd of April 2024. Click here to learn more.
Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks worldwide. Cognex Corporation was incorporated in 1981 and is headquartered in Natick, Massachusetts. The company has 171.82 M outstanding shares of which 4.43 M shares are currently shorted by private and institutional investors with about 3.36 trading days to cover. More on Cognex
Moving against Cognex Stock
| 0.75 | WRAP | Wrap Technologies | PairCorr |
| 0.61 | FCUV | Focus Universal | PairCorr |
| 0.46 | FARO | FARO Technologies Financial Report 1st of May 2024 | PairCorr |
Follow Valuation Odds of Bankruptcy
Financial Report 2nd of May 2024
Cognex Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Cognex's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cognex or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Robert Willett |
| Thematic Idea | Robots And Drones (View all Themes) |
| Business Concentration | Electronic Equipment, Instruments & Components, Scientific & Technical Instruments, Information Technology, SP Midcap 400, Nasdaq CTA Artificial, NASDAQ Composite, NASDAQ Composite Total, Robots And Drones, Information Technology, Electronic Equipment, Instruments & Components, Scientific & Technical Instruments, Technology (View all Sectors) |
| Financial Strength Based on the key measurements obtained from Cognex's financial statements, Cognex is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Cognex is based on its profitability, leverage, liquidity, source of funds, and operating efficiency. | |
Cognex (CGNX) is traded on NASDAQ Exchange in USA. It is located in One Vision Drive, Natick, MA, United States, 01760-2059 and employs 2,992 people. Cognex is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 6.61 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cognex's market, we take the total number of its shares issued and multiply it by Cognex's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Cognex conducts business under Electronic Equipment, Instruments & Components sector and is part of Information Technology industry. The entity has 171.82 M outstanding shares of which 4.43 M shares are currently shorted by private and institutional investors with about 3.36 trading days to cover.
Cognex currently holds about 359.68 M in cash with 112.92 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.07.
Check Cognex Probability Of Bankruptcy
Ownership AllocationCognex retains a total of 171.82 Million outstanding shares. The majority of Cognex outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Cognex to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Cognex. Please pay attention to any change in the institutional holdings of Cognex as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Cognex Ownership Details
Cognex Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Cognex jumping above the current price in 90 days from now is about 53.96%. The Cognex probability density function shows the probability of Cognex stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.0074 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Cognex will likely underperform. Additionally, cognex has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Cognex to move above the current price in 90 days from now is about 53.96 (This Cognex probability density function shows the probability of Cognex Stock to fall within a particular range of prices over 90 days) .
Cognex Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Cognex market risk premium is the additional return an investor will receive from holding Cognex long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Cognex. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Cognex's alpha and beta are two of the key measurements used to evaluate Cognex's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0281 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.01) |
Cognex Stock Against Markets
Picking the right benchmark for Cognex stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cognex stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cognex is critical whether you are bullish or bearish towards Cognex at a given time. Please also check how Cognex's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Cognex without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Cognex Corporate Directors
Cognex corporate directors refer to members of a Cognex board of directors. The board of directors generally takes responsibility for the Cognex's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Cognex's board members must vote for the resolution. The Cognex board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Jeffrey Miller | Independent Director | Profile | |
| Eugene Banucci | Director | Profile | |
| Theodor Krantz | Independent Director | Profile | |
| Karl Krantz | Independent Director | Profile |
How to buy Cognex Stock?
Before investing in Cognex, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Cognex. To buy Cognex stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Cognex. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Cognex stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Cognex stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Cognex stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Cognex, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Cognex Stock please use our How to Invest in Cognex guide.
Already Invested in Cognex?
The danger of trading Cognex is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cognex is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cognex. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cognex is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Cognex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cognex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cognex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cognex Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cognex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Cognex Stock please use our How to Invest in Cognex guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Cognex Stock analysis
When running Cognex's price analysis, check to measure Cognex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cognex is operating at the current time. Most of Cognex's value examination focuses on studying past and present price action to predict the probability of Cognex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cognex's price. Additionally, you may evaluate how the addition of Cognex to your portfolios can decrease your overall portfolio volatility.
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Is Cognex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cognex. If investors know Cognex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cognex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Cognex is measured differently than its book value, which is the value of Cognex that is recorded on the company's balance sheet. Investors also form their own opinion of Cognex's value that differs from its market value or its book value, called intrinsic value, which is Cognex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cognex's market value can be influenced by many factors that don't directly affect Cognex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cognex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cognex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cognex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.