After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Cognex Reports Fourth Quarter and Full Year 2023 Results.
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Stocks Info
CGNX belongs to the Technology sector of the NASDAQ while operating in the Scientific & Technical Instruments industry. The current market capitalization of Cognex Corp. is $6.79B. A total of 1.87 million shares were traded on the day, compared to an average of 1.80M shares.
Investors also take into account insider trades in predicting how the stock will perform in the future. 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 4 BUYs and 2 SELLs from insiders. Insiders purchased 16,944 shares during that period but sold 7,799.
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.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. 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 60.63. 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.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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 $0.08 per share for the current quarter. EPS was calculated based on a consensus of 12 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
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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
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. 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.
