By Rob Otman
Cognex stock had a calm day in the market on Thursday September 28…
Shares moved -0.46% and closed the day at $110.01. They’re now trading 4.63% below their 52-week high of $115.35.
With this drop, Cognex now has a market cap of $10 billion. That makes it a mid cap company.
[iu-adbox]
The business operates in the industrial automation industry and employs 1,421 people. Its shares trade primarily on the NASDAQ stock exchange.
Cognex has 86.57 million shares outstanding and 529,399 traded hands for the day. That’s below the average 30-day volume of 586,288 shares. The amount of Cognex stock is also dropping as the company buys back its own shares. In the last 12 months, it repurchased $101 million worth.
Over the last five years, Cognex’s revenue is up by 61.77%. You can see this growth in annual revenue chart below…
In the last year alone, Cognex’s revenue has grown by 15.58%. That’s a solid sign for Cognex stock owners. We like to invest in companies that grow their sales. A growing top line is a sign of a healthy business.
For now, Cognex will continue to pull in revenue. So let’s take a closer look at the company’s total financial health. And the best way to do that is by looking at its balance sheet… Cognex’s cash comes in at $421 million and the company’s debt is ZERO…
Cognex Cash vs. Debt
Cognex’s big cash pile and a steady flow of income has allowed the company to buy back shares.
What is Cognex Stock Worth?
Let’s look at a few key ratios to determine the value of Cognex stock…
Price-to-Earnings (P/E): This ratio comes in at 54.14 for Cognex. That’s high. A high P/E ratio shows that investors are already expecting high earnings growth.
Price-to-Book (P/B): This ratio is a cornerstone for value investors. A lower number here indicates a better value play. And at 9.05, Cognex looks reasonable… but P/B varies greatly based on the industry.
These are just a few of the key metrics to watch when valuing a company. You can continue your research by digging through the most recent 10k filing.
If you’re interested in finding Strong Buy stocks yourself, check out 3 Powerful Technical Indicators for Smarter Investing. We’ll show you how to eliminate emotional bias from your trading process with three powerful technical tools you can start using to boost your trading profits immediately. Click here to learn more. …read more
Source:: Investment You
The post Cognex Stock Owner Insight appeared first on Junior Mining Analyst.