After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Cognex Reports Fourth Quarter and Full Year 2023 Results.
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Stocks Info
This NASDAQ-listed company operates within the Scientific & Technical Instruments industry segment, falling under the Technology sector. The current market capitalization of Cognex Corp. is $6.80B. A total of 2.55 million shares were traded on the day, compared to an average of 1.75M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, CGNX has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 8 SELLs from insiders. Insiders purchased 30,228 shares during that period but sold 11,532.
In the most recent transaction, ALIAS PATRICK sold 4,375 shares of CGNX for 49.53 per share on Mar 06. After the transaction, the Director now owns 0 company shares. In a previous transaction on Mar 03, ALIAS PATRICK sold 600 shares at 49.50 per share. CGNX shares that Director owns now total 0.
Among the insiders who sold shares, KRANTZ THEODOR disposed of 854 shares on Feb 23 at a per-share price of $48.04. This resulted in the Director holding 35,500 shares of CGNX after the transaction.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Cognex Corp. pays an annual dividend of $0.28, resulting in a dividend yield of 0.72%, and it has a price to earnings (P/E) ratio of 60.69. CGNX’s most recent ex-dividend date was 2/28/2024 when it declared a $0.0750 quarterly dividend that was paid in cash on 3/14/2024. Previously, the company paid the dividend on 12/1/2023 with an ex-dividend date of 11/16/2023. The CGNX stock dividend was $0.0750 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CGNX in the last 3 months, the mean price target is $44.43 with high estimates of $60.00 and low estimates of $36.00. In terms of 52-week highs and lows, CGNX has a high of $59.51 and a low of $34.28.
As of this writing, CGNX has an earnings estimate of $0.09 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.15 per share and a lower estimate of $0.04. The company reported an EPS of $0.16 in the last quarter, which was 14.30% higher than expectations of $0.14.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CGNX’s latest balance sheet shows that the firm has $323.62M in Cash & Short Term Investments as of fiscal 2021. There were $25.58M in debt and $188.59M in liabilities at the time. Its Book Value Per Share was $8.77, while its Total Shareholder’s Equity was $1.43B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CGNX is Buy with a score of 3.54.
