How to Buy Cognex Stock
Cognex Corp
Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks worldwide.
Cognex stock last closed at $39.21, down 1.03% from the previous day, and has decreased 20.76% in one year. It has underperformed other stocks in the Scientific & Technical Instruments industry by 0.17 percentage points. Cognex stock is currently +14.38% from its 52-week low of $34.28, and -34.11% from its 52-week high of $59.51.
As of Apr 17, 2024, there are 171.63M shares of CGNX outstanding. The market capitalization of CGNX is $6.73B. In the last 24 hours, 894,647 CGNX shares were traded.
How to Buy Cognex Stock
Not sure how to invest in Cognex stock? Here's how.
- Decide where to buy Cognex stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Cognex stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your investment account: Choose your method of payment and add your info.
- Analyze Cognex stock: The Cognex ticker symbol is CGNX. Is Cognex stock a good investment? Should you buy shares of CGNX? How do CGNX's underlying business fundamentals look? Do top analysts think Cognex is a good buy? Why has CGNX's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if CGNX is a good stock to buy).
- Execute your CGNX purchase: Decide if you will purchase CGNX shares at the current market price or use a limit order to buy CGNX shares at a particular price.
- Get updates on your investment in CGNX: Create a watchlist to keep tabs on your position in Cognex shares.
Step 1: Decide where to buy Cognex stock
You will need an online brokerage account in order to access the NASDAQ market and buy CGNX stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal information so you are able to invest in CGNX today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start your new trading account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've created your account on one of the best stock market apps, you can securely and quickly fund your account:
Check out the walkthrough below if you need help depositing funds into your new brokerage account.
Step 4: Analyze Cognex stock
Once you have chosen the best place to buy Cognex stock, it's very important to evaluate their stock before you invest, so you actually wrap your head around the risk as well as the opportunity.
Cognex stock quick numbers
CGNX Zen Score
WallStreetZen was created to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on CGNX's stock page.
Is CGNX stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge CGNX's fair value.
Using relative valuations ratios:
- CGNX may be undervalued based on its P/E ratio of 59.41x, relative to Scientific & Technical Instruments industry P/E ratio of -4.86x
- CGNX could be overvalued based on its P/B ratio of 4.47x, relative to Scientific & Technical Instruments industry P/B ratio of 3.08x
- CGNX could be undervalued based on its PEG ratio of 0.75x
You can access more valuation analysis on CGNX's stock here.
Is CGNX a healthy company?
Signs that CGNX is financially healthy:
- CGNX earnings of $135.35M is not sufficient to cover its interest payments.
- There are more short-term assets than long-term liabilities on the CGNX balance sheet.
- CGNX's operating cash flow of $112.92M allows it to safely service it's debt of $78.60M.
- CGNX has a low debt to equity ratio of 0.34.
- There are more short-term assets than short-term liabilities on the CGNX balance sheet.
Signs that CGNX is not financially healthy:
- CGNX profit margin has gone down from 21.4% to 13.5% in the past year.
- Total CGNX debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Cognex stock, according to Wall Street analysts?
Out of 5 sell side analysts who give forecasts on CGNX, the consensus analyst rating on Cognex is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
Latest CGNX Analyst Upgrades/Downgrades
James Ricchiuti, a top 1% analyst from Needham maintains CGNX with a buy rating and lowers their CGNX price target from $55.00 to $46.00, on Nov 1, 2023.
You can dive deeper into what analysts are projecting on the Cognex stock forecast page.
CGNX Technicals
CGNX Earnings
Last year, CGNX earnings were $113.23M. In the past five year, CGNX's earnings have increased by -12.27% per year. This was slower than the Scientific & Technical Instruments industry average of 7.56%.
Last year, CGNX revenue was $837.55M. During the past 5 year, CGNX's revenue has gone up by 0.76% per year. This was slower than the Scientific & Technical Instruments industry average of 9.1%.
You can analyze CGNX's earnings and revenue performance here.
What are CGNX insiders up to?
Over the past 12 months, executives and large shareholders at CGNX have sold more shares than they have bought.
Joerg Kuechen, Chief Technology Officer of CGNX, was the latest CGNX insider to sell. They sold $218,213.82 worth of CGNX shares on Mar 12, 2024.
Get more info about who owns CGNX stock here.
Can I rely on CGNX as an income stream?
Cognex pays a dividend of 0.74%, compared to the Scientific & Technical Instruments industry's average dividend yield of 0.79%. If you owned $1,000 worth of CGNX stock, you would have received $7.40 last year.
Cognex dividend payments have consistently grown over the past decade but have not remained stable.
Get more info about Cognex dividend yield and history here.
What do other investors have to say about CGNX?
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your CGNX purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, use a limit order.
Press the Open button and your broker will execute the order.
If you want more help with buying stocks on eToro, click the helpful video below:
Step 6: Get updates on your investment in CGNX
Now that you own some CGNX stock, you'll want to keep up with your investment.
Start a watchlist to track your CGNX stock.
CGNX Feed
How to Buy Stock in Cognex
To reiterate, here are the 6 steps you need to take to buy Cognex stock right now:
- Decide where to buy Cognex stock
- Open a brokerage account
- Fund your investment account
- Analyze Cognex stock
- Execute your CGNX purchase
- Get updates on your investment in CGNX
If you require a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Cognex, add CGNX to your watchlist by clicking the button below.
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