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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 $47.71, down 1.16% from the previous day, and has decreased 8.43% in one year. It has underperformed other stocks in the Scientific & Technical Instruments industry by 0.16 percentage points. Cognex stock is currently +39.18% from its 52-week low of $34.28, and -19.83% from its 52-week high of $59.51.

As of May 23, 2024, there are 171.66M shares of CGNX outstanding. The market capitalization of CGNX is $8.19B. In the last 24 hours, 920,493 CGNX shares were traded.

How to Buy Cognex Stock

Not sure how to invest in Cognex stock? Here's how.
  1. 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.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Fund your investment account: Choose your method of payment and add your info.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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.

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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 Price
$47.71
1w %
0.44%
1y %
-8.43%
5y %
12.42%
P/E
82.26x
P/B
5.5x
P/S
9.67x
PEG
0.88x
Revenue
$847.22M
Earnings
$99.64M
Fore. Rev. Growth
13%
Fore. Earn. Growth
104.26%
Market Cap
$8.19B
Next Earnings
N/A
Next Dividend
May 30, 2024

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 overvalued based on its P/E ratio of 82.26x, relative to Scientific & Technical Instruments industry P/E ratio of 12.83x
  • CGNX could be overvalued based on its P/B ratio of 5.5x, relative to Scientific & Technical Instruments industry P/B ratio of 3.22x
  • CGNX could be undervalued based on its PEG ratio of 0.88x

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 $126.70M 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 $99.01M allows it to safely service it's debt of $77.17M.
  • CGNX has a low debt to equity ratio of 0.35.
  • 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 18.8% to 11.8% 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 8 sell side analysts who give forecasts on CGNX, the consensus analyst rating on Cognex is a 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 raises their CGNX price target from $46.00 to $48.00, on May 3, 2024.

Richard Eastman, a top 9% analyst from Baird maintains CGNX with a hold rating and raises their CGNX price target from $40.00 to $44.00, on May 3, 2024.

Piyush Avasthy, an analyst from Citigroup maintains CGNX with a hold rating and raises their CGNX price target from $41.00 to $43.00, on Apr 8, 2024.

Damian Karas, a top 30% analyst from UBS upgrades CGNX to a strong buy rating and raises their CGNX price target from $42.00 to $54.00, on Mar 19, 2024.

You can dive deeper into what analysts are projecting on the Cognex stock forecast page.

CGNX Technicals

SMA10
47.58
SMA20
45.53
SMA50
42.6
SMA100
40.49
SMA200
40.74
MACD
1.87
MACD Signal
1.76
MACD Histogram
0.12
RSI
71.87
Stochastic %K
86.96
Stochastic %D
92.46
StochRSI %K
50.37
StochRSI %D
74.3

CGNX Earnings

Last year, CGNX earnings were $99.64M. In the past five year, CGNX's earnings have increased by -14.24% per year. This was slower than the Scientific & Technical Instruments industry average of 9.43%.

Last year, CGNX revenue was $847.22M. During the past 5 year, CGNX's revenue has gone up by 0.9% per year. This was slower than the Scientific & Technical Instruments industry average of 10.73%.

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 bought more shares than they have sold.

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 0.62%, compared to the Scientific & Technical Instruments industry's average dividend yield of 0.69%. If you owned $1,000 worth of CGNX stock, you would have received $6.18 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.

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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:

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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:

  1. Decide where to buy Cognex stock
  2. Open a brokerage account
  3. Fund your investment account
  4. Analyze Cognex stock
  5. Execute your CGNX purchase
  6. Get updates on your investment in CGNX

If you require a brokerage account, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get the latest scoop on your new investment in Cognex, add CGNX to your watchlist by clicking the button below.

NASDAQ: CGNX
$47.71-0.56 (-1.16%)
Updated May 23, 2024
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NASDAQ: CGNX
$47.71-0.56 (-1.16%)
Updated May 23, 2024
Open eToro Account

FAQ

How much does it cost to buy one Cognex share?

As of May 23, 2024, it costs $47.71 to buy one share of Cognex stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.21 shares of CGNX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Cognex stock?

According to 8 Wall Street analysts who monitor Cognex, their consensus recommendation is to buy Cognex stock.

What is the best way to buy Cognex stock?

One way to place an order for Cognex stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.