Cognex Corporation (NASDAQ: CGNX) has recently experienced important negative changes in fundamentals: significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Recent meaningful negative changes in investment behavior have impacted Cognex Corporation (NASDAQ: CGNX): its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CGNX is expected to continue to be an important Value Builder.
Cognex has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Cognex has a very low Appreciation Score of 10 and a very low Power Rating of 7, triggering the Lowest Value Trend Rating.
Recent Price Action
On 2/28/24, Cognex Corporation (NASDAQ: CGNX) stock declined modestly by -1.3%, closing at $38.16. However, below average trading volume at 79% of normal accompanied the decline. The stock has declined -3.2% during the last week and has been extremely weak relative to the market over the last nine months.
Be the first to comment