Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Cognex Corp before investing.

In this article, we go over a few key elements for understanding Cognex Corp’s stock price such as:

• Cognex Corp’s current stock price and volume
• Why Cognex Corp’s stock price changed recently
• Upgrades and downgrades for CGNX from analysts
• CGNX’s stock price momentum as measured by its relative strength

About Cognex Corp (CGNX)

Before we jump into Cognex Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Cognex Corporation invents and commercializes technologies that address various critical manufacturing and distribution challenges. The Company is a global provider of machine vision products and solutions that improve efficiency and quality in businesses across industrial end markets. It operates through the machine vision technology segment. Its solutions blend physical products and software to capture and analyze visual information, allowing for the automation of manufacturing and distribution tasks for customers worldwide. Machine vision products are used to automate the manufacturing or distribution and tracking of discrete items, such as mobile phones, electric vehicle batteries and e-commerce packages, by locating, identifying, inspecting, and measuring them. Machine vision is important for applications in which human vision is inadequate to meet requirements for size, accuracy, or speed, or in instances where substantial cost savings or quality improvements are maintained.

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Cognex Corp’s Stock Price as of Market Close

As of September 26, 2024, 4:00 PM, CST, Cognex Corp’s stock price was $40.30.

Cognex Corp is up 4.03% from its previous closing price of $38.74.

During the last market session, Cognex Corp’s stock traded between $38.47 and $39.66. Currently, there are 171.57 million shares of Cognex Corp stock available for purchase.

Cognex Corp’s price-earnings (P/E) ratio is currently at 85.4, which is high compared to the Industrial Machinery & Equipment industry median of 25.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Cognex Corp Stock Price History

Cognex Corp’s (CGNX) price is currently down 0.2% so far this month.

During the month of September, Cognex Corp’s stock price has reached a high of $40.42 and a low of $37.42.

Over the last year, Cognex Corp has hit prices as high as $53.13 and as low as $34.28. Year to date, Cognex Corp’s stock is down 14.46%.

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What Caused Cognex Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 25, 2024, there were 14 analysts who downgraded Cognex Corp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Cognex Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Cognex Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Cognex Corp’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Cognex Corp (CGNX) by visiting AAII Stock Evaluator.

Relative Price Strength of Cognex Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 25, 2024, Cognex Corp has a weighted four-quarter relative price strength of -10.74%, which translates to a Momentum Score of 29 and is considered to be Weak.

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Cognex Corp Stock Price: Bottom Line

As of September 26, 2024, Cognex Corp’s stock price is $40.30, which is up 4.03% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Cognex Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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