Coda Octopus Group Stock Buy Hold or Sell Recommendation
| CODA Stock | USD 7.47 0.07 0.95% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Coda Octopus Group is 'Strong Buy'. Macroaxis provides Coda Octopus buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CODA positions.
Check out Coda Octopus Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Coda and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Coda Octopus Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
Coda |
Execute Coda Octopus Buy or Sell Advice
The Coda recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Coda Octopus Group. Macroaxis does not own or have any residual interests in Coda Octopus Group or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Coda Octopus' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Good | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Coda Octopus Trading Alerts and Improvement Suggestions
| Coda Octopus Group is unlikely to experience financial distress in the next 2 years | |
| About 51.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: Coda Octopus Group, Inc.s Financials Are Too Obscure To Link With Current Share Price Momentum Whats In Store For the Stock |
Coda Octopus Returns Distribution Density
The distribution of Coda Octopus' historical returns is an attempt to chart the uncertainty of Coda Octopus' future price movements. The chart of the probability distribution of Coda Octopus daily returns describes the distribution of returns around its average expected value. We use Coda Octopus Group price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Coda Octopus returns is essential to provide solid investment advice for Coda Octopus.
| Mean Return | 0.35 | Value At Risk | -3.68 | Potential Upside | 3.82 | Standard Deviation | 2.16 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Coda Octopus historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Coda Stock Institutional Investors
| Shares | Northern Trust Corp | 2024-06-30 | 25.9 K | Citadel Advisors Llc | 2024-06-30 | 22.2 K | Advisor Group Holdings, Inc. | 2024-06-30 | 14.7 K | State Street Corp | 2024-06-30 | 13 K | Royal Bank Of Canada | 2024-06-30 | 11.8 K | Commonwealth Equity Services Inc | 2024-06-30 | 11.1 K | Virtu Financial Llc | 2024-06-30 | 11 K | Buckingham Capital Management, Inc | 2024-06-30 | 10 K | Ubs Group Ag | 2024-06-30 | 5.6 K | Touchstone Capital, Inc. | 2024-06-30 | 513.9 K | Tocqueville Asset Management L.p. | 2024-06-30 | 493.8 K |
Coda Octopus Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (3.8M) | (1.1M) | (675.9K) | (1.3M) | (1.2M) | (1.1M) | |
| Change In Cash | 3.4M | 2.6M | 5.2M | 1.5M | 1.7M | 1.5M | |
| Free Cash Flow | 3.4M | 2.3M | 6.2M | 259.5K | 298.5K | 192.8K | |
| Depreciation | 806.7K | 924.1K | 738.7K | 667.5K | 767.7K | 533.8K | |
| Other Non Cash Items | (648.9K) | (648.9K) | 1.3M | 3.9M | 3.5M | 3.7M | |
| Capital Expenditures | 998.3K | 964.2K | 556.6K | 2.1M | 2.4M | 2.6M | |
| Net Income | 3.3M | 4.9M | 4.3M | 3.1M | 3.6M | 3.8M | |
| End Period Cash Flow | 15.1M | 17.7M | 22.9M | 24.4M | 28.1M | 29.5M | |
| Investments | (998.3K) | (964.2K) | (556.6K) | (1.5M) | (1.4M) | (1.4M) | |
| Change Receivables | (1.1M) | 2.4M | (2.2M) | 992.9K | 893.7K | 938.3K | |
| Net Borrowings | (964.7K) | (486.5K) | (509.5K) | (63.6K) | (73.1K) | (76.7K) | |
| Change To Netincome | 659.6K | 610.8K | 887.1K | 937.8K | 1.1M | 1.1M |
Coda Octopus Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Coda Octopus or Electronic Equipment, Instruments & Components sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Coda Octopus' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Coda stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.25 | |
β | Beta against Dow Jones | 0.85 | |
σ | Overall volatility | 2.17 | |
Ir | Information ratio | 0.11 |
Coda Octopus Volatility Alert
Coda Octopus Group currently demonstrates below-average downside deviation. It has Information Ratio of 0.11 and Jensen Alpha of 0.25. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Coda Octopus' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Coda Octopus' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Coda Octopus Fundamentals Vs Peers
Comparing Coda Octopus' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Coda Octopus' direct or indirect competition across all of the common fundamentals between Coda Octopus and the related equities. This way, we can detect undervalued stocks with similar characteristics as Coda Octopus or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Coda Octopus' fundamental indicators could also be used in its relative valuation, which is a method of valuing Coda Octopus by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Coda Octopus to competition |
| Fundamentals | Coda Octopus | Peer Average |
| Return On Equity | 0.0584 | -0.31 |
| Return On Asset | 0.0344 | -0.14 |
| Profit Margin | 0.16 % | (1.27) % |
| Operating Margin | 0.25 % | (5.51) % |
| Current Valuation | 58.41 M | 16.62 B |
| Shares Outstanding | 11.2 M | 571.82 M |
| Shares Owned By Insiders | 51.02 % | 10.09 % |
| Shares Owned By Institutions | 18.59 % | 39.21 % |
| Number Of Shares Shorted | 111.2 K | 4.71 M |
| Price To Earning | 23.37 X | 28.72 X |
| Price To Book | 1.58 X | 9.51 X |
| Price To Sales | 4.44 X | 11.42 X |
| Revenue | 19.35 M | 9.43 B |
| Gross Profit | 15.19 M | 27.38 B |
| EBITDA | 2.74 M | 3.9 B |
| Net Income | 3.12 M | 570.98 M |
| Cash And Equivalents | 21.47 M | 2.7 B |
| Cash Per Share | 1.98 X | 5.01 X |
| Total Debt | 3.41 M | 5.32 B |
| Debt To Equity | 0 % | 48.70 % |
| Current Ratio | 8.61 X | 2.16 X |
| Book Value Per Share | 4.72 X | 1.93 K |
| Cash Flow From Operations | 2.39 M | 971.22 M |
| Short Ratio | 3.84 X | 4.00 X |
| Earnings Per Share | 0.26 X | 3.12 X |
| Target Price | 9.0 | |
| Number Of Employees | 83 | 18.84 K |
| Beta | 0.55 | -0.15 |
| Market Capitalization | 83.63 M | 19.03 B |
| Total Asset | 51.84 M | 29.47 B |
| Retained Earnings | (11.05 M) | 9.33 B |
| Working Capital | 37.61 M | 1.48 B |
| Current Asset | 17.58 M | 9.34 B |
Note: Disposition of 12317 shares by Emerson John Steven of Coda Octopus at 15.2307 subject to Rule 16b-3 [view details]
Coda Octopus Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Coda . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Coda Octopus Buy or Sell Advice
When is the right time to buy or sell Coda Octopus Group? Buying financial instruments such as Coda Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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In addition to having Coda Octopus in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Information and Resources on Investing in Coda Stock
When determining whether Coda Octopus Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Coda Octopus' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Coda Octopus Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Coda Octopus Group Stock:Check out Coda Octopus Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coda Octopus. If investors know Coda will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coda Octopus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.222 | Earnings Share 0.26 | Revenue Per Share 1.678 | Quarterly Revenue Growth 0.12 | Return On Assets 0.0344 |
The market value of Coda Octopus Group is measured differently than its book value, which is the value of Coda that is recorded on the company's balance sheet. Investors also form their own opinion of Coda Octopus' value that differs from its market value or its book value, called intrinsic value, which is Coda Octopus' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coda Octopus' market value can be influenced by many factors that don't directly affect Coda Octopus' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coda Octopus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Coda Octopus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coda Octopus' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.