Cognex Corporation (NASDAQ: CGNX) stock closed at $39.08 on 8/1/24 after a major decline of -21.2%. Moreover, trading volume in this decline was exceptionally high at 524% of normal. The stock has declined -22.3% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CGNX is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Cognex has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Cognex has a very low Appreciation Score of 10 but a good Power Rating of 81, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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