Coda Octopus Group Stock Analysis

CODA Stock  USD 5.77  0.05  0.87%   
Coda Octopus Group is fairly valued with Real Value of 5.9 and Target Price of 10.0. The main objective of Coda Octopus stock analysis is to determine its intrinsic value, which is an estimate of what Coda Octopus Group is worth, separate from its market price. There are two main types of Coda Octopus' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Coda Octopus' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Coda Octopus' stock to identify patterns and trends that may indicate its future price movements.
The Coda Octopus stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Coda Octopus is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Coda Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Coda Octopus' ongoing operational relationships across important fundamental and technical indicators.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coda Octopus Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

Coda Stock Analysis Notes

About 51.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.29. Some equities with similar Price to Book (P/B) outperform the market in the long run. Coda Octopus Group last dividend was issued on the 11th of January 2017. The entity had 1:14 split on the 11th of January 2017. Coda Octopus Group, Inc., together with its subsidiaries, develops and sells underwater technologies and equipment for 3D imaging, mapping, defense, and survey applications in the Americas, Europe, Australia, Asia, the Middle East, and Africa. Coda Octopus Group, Inc. was founded in 1994 and is headquartered in Orlando, Florida. Coda Octopus operates under Aerospace Defense classification in the United States and is traded on NASDAQ Exchange. It employs 95 people. For more info on Coda Octopus Group please contact Geoff Turner at 407 735 2400 or go to https://www.codaoctopusgroup.com.

Coda Octopus Quarterly Total Revenue

4.46 Million

Coda Octopus Group Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Coda Octopus' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Coda Octopus Group or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Coda Octopus Group generated a negative expected return over the last 90 days
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. Q1 2024 Earnings Call Transcript

Coda Octopus Group Upcoming and Recent Events

Earnings reports are used by Coda Octopus to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Coda Octopus previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
29th of January 2024
Upcoming Quarterly Report
View
31st of October 2023
Next Fiscal Quarter End
View

Coda Largest EPS Surprises

Earnings surprises can significantly impact Coda Octopus' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2023-06-14
2023-04-300.10.09-0.0110 
2021-01-28
2020-10-310.090.110.0222 
2020-03-16
2020-01-310.110.130.0218 
View All Earnings Estimates

Coda Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Coda Octopus is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Coda Octopus Group backward and forwards among themselves. Coda Octopus' institutional investor refers to the entity that pools money to purchase Coda Octopus' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Susquehanna International Group, Llp2023-12-31
26.6 K
Commonwealth Equity Services Inc2023-12-31
17.5 K
Royal Bank Of Canada2023-12-31
17.1 K
State Street Corporation2023-12-31
13 K
Buckingham Capital Management, Inc2023-12-31
10 K
Victory Capital Management Inc.2023-12-31
9.7 K
Byrne Asset Management Llc2023-12-31
4.1 K
Tower Research Capital Llc2023-12-31
2.4 K
Bnp Paribas Arbitrage, Sa2023-12-31
208
Touchstone Capital, Inc.2023-12-31
595.4 K
Tocqueville Asset Management L.p.2023-12-31
588.9 K
Note, although Coda Octopus' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Coda Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 64.47 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Coda Octopus's market, we take the total number of its shares issued and multiply it by Coda Octopus's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Coda Profitablity

Coda Octopus' profitability indicators refer to fundamental financial ratios that showcase Coda Octopus' ability to generate income relative to its revenue or operating costs. If, let's say, Coda Octopus is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Coda Octopus' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Coda Octopus' profitability requires more research than a typical breakdown of Coda Octopus' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.13 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.12 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.12.
Last ReportedProjected for 2024
Return On Capital Employed 0.05  0.05 
Return On Assets 0.05  0.06 
Return On Equity 0.06  0.06 

Management Efficiency

Coda Octopus Group has return on total asset (ROA) of 0.0235 % which means that it generated a profit of $0.0235 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0487 %, meaning that it created $0.0487 on every $100 dollars invested by stockholders. Coda Octopus' management efficiency ratios could be used to measure how well Coda Octopus manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Capital Employed is expected to grow to 0.05. The current year's Return On Assets is expected to grow to 0.06. At present, Coda Octopus' Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 49.4 M, whereas Non Current Assets Total are forecasted to decline to about 7.2 M.
Last ReportedProjected for 2024
Price Book Value Ratio 1.74  1.66 
Enterprise Value Multiple 10.79  11.33 
Price Fair Value 1.74  1.66 
The analysis of Coda Octopus' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Coda Octopus' future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Coda Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta
1.045

Technical Drivers

As of the 29th of March, Coda Octopus shows the risk adjusted performance of (0), and Mean Deviation of 1.37. Coda Octopus Group technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down thirteen technical drivers for Coda Octopus Group, which can be compared to its rivals. Please confirm Coda Octopus Group coefficient of variation, treynor ratio, skewness, as well as the relationship between the variance and value at risk to decide if Coda Octopus Group is priced correctly, providing market reflects its regular price of 5.77 per share. Given that Coda Octopus has information ratio of (0.08), we suggest you to validate Coda Octopus Group's prevailing market performance to make sure the company can sustain itself at a future point.

Coda Octopus Group Price Movement Analysis

Execute Study
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Coda Octopus middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Coda Octopus Group. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Coda Octopus Group Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Coda Octopus insiders, such as employees or executives, is commonly permitted as long as it does not rely on Coda Octopus' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Coda Octopus insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
 
Sondergaard Niels over three months ago
Coda Octopus exotic insider transaction detected
 
Runnels G Tyler over six months ago
Sale by Runnels G Tyler of 144994 shares of Coda Octopus
 
Tata Anthony Jean over six months ago
Coda Octopus exotic insider transaction detected

Coda Octopus Predictive Daily Indicators

Coda Octopus intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Coda Octopus stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Coda Octopus Corporate Filings

10Q
18th of March 2024
Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations
ViewVerify
8K
8th of March 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
8K
16th of February 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
13A
12th of February 2024
An amended filing to the original Schedule 13G
ViewVerify
10K
29th of January 2024
Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance
ViewVerify
F3
29th of November 2023
The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock
ViewVerify
13A
24th of October 2023
The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934
ViewVerify
F4
10th of October 2023
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify

Coda Octopus Forecast Models

Coda Octopus' time-series forecasting models are one of many Coda Octopus' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Coda Octopus' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Coda Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Coda Octopus prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Coda shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Coda Octopus. By using and applying Coda Stock analysis, traders can create a robust methodology for identifying Coda entry and exit points for their positions.
Last ReportedProjected for 2024
Pretax Profit Margin 0.16  0.17 
Operating Profit Margin 0.14  0.13 
Net Profit Margin 0.16  0.15 
Gross Profit Margin 0.61  0.47 

Current Coda Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Coda analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Coda analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
10.0Strong Buy1Odds
Coda Octopus Group current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Coda analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Coda stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Coda Octopus Group, talking to its executives and customers, or listening to Coda conference calls.
Coda Analyst Advice Details

Coda Stock Analysis Indicators

Coda Octopus Group stock analysis indicators help investors evaluate how Coda Octopus stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Coda Octopus shares will generate the highest return on investment. By understating and applying Coda Octopus stock analysis, traders can identify Coda Octopus position entry and exit signals to maximize returns.
Begin Period Cash Flow22.9 M
Common Stock Shares Outstanding11.3 M
Total Stockholder Equity48.4 M
Tax Provision297.1 K
Quarterly Earnings Growth Y O Y-0.528
Property Plant And Equipment Net6.9 M
Cash And Short Term Investments24.4 M
Cash24.4 M
Accounts Payable1.3 M
Net Debt-24.4 M
50 Day M A5.7224
Total Current Liabilities3.3 M
Other Operating Expenses16.6 M
Non Current Assets Total11 M
Forward Price Earnings21.3675
Stock Based Compensation645.2 K
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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Coda Octopus Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Note that the Coda Octopus Group information on this page should be used as a complementary analysis to other Coda Octopus' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

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Is Coda Octopus' industry 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
(0.53)
Earnings Share
0.21
Revenue Per Share
1.63
Quarterly Revenue Growth
(0.20)
Return On Assets
0.0235
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.