Coda Octopus Group (CODA) Stock Price, News & Analysis

Company Overview

Coda Octopus Group, Inc., together with its subsidiaries, develops, sells, and rentals underwater technologies and equipment for real time 3D imaging, mapping, defense, and survey applications in the Americas, Europe, Australia, Asia, the Middle East, and Africa. The company operates through two segments, Marine Engineering Business and Marine Technology Business. The company's solutions include geophysical systems; GNSS-aided navigation systems (attitude and positioning systems); real time volumetric imaging sonar products; and diver augmented vision display systems. It also offers GeoSurvey, a software and hardware package for acquisition and processing of sidescan sonar and sub-bottom profiler data in oil and gas companies; DA4G, a geophysical hardware; and Survey Engine, a software product that provides post-processing solutions for sidescan sonar and sub-bottom profiler data. In addition, the company offers 3D/4D/5D/6D imaging sonar technology under the Echoscope and Echoscope PIPE name; diving technology under the CodaOctopus DAVD; and operates as a sub-contractor for defense contractors, as well as supplies sub-assemblies for broader mission critical defense systems. It markets and sells its technology solutions for the subsea and underwater markets. Coda Octopus Group, Inc. was founded in 1994 and is headquartered in Orlando, Florida.

Key Stats

• Today's Range: $7.97 to $8.23
• 50-Day Range: $7.87 to $9.73
• 52-Week Range: $5.21 to $9.89
• Volume: 11,197 shs
• Average Volume: 29,437 shs
• Market Capitalization: $92.13 million
• P/E Ratio: 30.48
• Dividend Yield: N/A
• Price Target: $11.00
• Consensus Rating: Buy

Coda Octopus Group Stock Analysis - MarketRank™

Coda Octopus Group scored higher than 62% of companies evaluated by MarketBeat, and ranked 317th out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Coda Octopus Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Coda Octopus Group has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Coda Octopus Group is 30.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.39.

Price to Earnings Ratio vs. Sector

The P/E ratio of Coda Octopus Group is 30.48, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 237.69.

Price to Book Value per Share Ratio

Coda Octopus Group has a P/B Ratio of 1.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.97% of the float of Coda Octopus Group has been sold short.

Short Interest Ratio / Days to Cover

Coda Octopus Group has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Coda Octopus Group has recently increased by 10.08%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Coda Octopus Group does not currently pay a dividend.

Dividend Growth

Coda Octopus Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.97% of the float of Coda Octopus Group has been sold short.

Short Interest Ratio / Days to Cover

Coda Octopus Group has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Coda Octopus Group has recently increased by 10.08%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: N/A

News Sentiment

Coda Octopus Group has a news sentiment score of 1.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Coda Octopus Group this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Coda Octopus Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

29.70% of the stock of Coda Octopus Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 20.12% of the stock of Coda Octopus Group is held by institutions.

CODA Stock Analysis - Frequently Asked Questions

How have CODA shares performed this year?

Coda Octopus Group's stock was trading at $6.02 on January 1st, 2024. Since then, CODA shares have increased by 36.7% and is now trading at $8.23.
View the best growth stocks for 2024 here.

How were Coda Octopus Group's earnings last quarter?

Coda Octopus Group, Inc. (NASDAQ:CODA) released its quarterly earnings data on Monday, September, 16th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The company earned $5.48 million during the quarter. Coda Octopus Group had a trailing twelve-month return on equity of 5.93% and a net margin of 15.93%.

Who are Coda Octopus Group's major shareholders?

Top institutional shareholders of Coda Octopus Group include Touchstone Capital Inc. (3.91%), Rice Hall James & Associates LLC (2.75%) and Wealthquest Corp (0.13%). Insiders that own company stock include G Tyler Runnels, John Steven Emerson, Annmarie Gayle, Niels Sondergaard and Blair Graeme Cunningham.
View institutional ownership trends.

How do I buy shares of Coda Octopus Group?

Shares of CODA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Coda Octopus Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Coda Octopus Group investors own include NVIDIA (NVDA), Meta Platforms (META), Bristol-Myers Squibb (BMY), Twilio (TWLO), Adobe (ADBE), Advanced Micro Devices (AMD) and Carnival Co. & (CCL).

Company Calendar

• Last Earnings: 9/16/2024
• Today: 12/21/2024
• Fiscal Year End: 10/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Search & navigation equipment
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:CODA
• Previous Symbol: OTCMKTS:CDOC
• CUSIP: N/A
• CIK: 1334325
• Web: www.codaoctopusgroup.com
• Phone: (407) 735-2406
• Fax: 801-973-9285
• Employees: 80
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $11.00
• High Stock Price Target: $11.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: +33.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.27
• Trailing P/E Ratio: 30.48
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $3.12 million
• Net Margins: 15.93%
• Pretax Margin: 21.30%
• Return on Equity: 5.93%
• Return on Assets: 5.58%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 15.14
• Quick Ratio: 10.82

Sales & Book Value

• Annual Sales: $18.82 million
• Price / Sales: 4.89
• Cash Flow: $0.33 per share
• Price / Cash Flow: 25.01
• Book Value: $4.36 per share
• Price / Book: 1.89

Miscellaneous

• Outstanding Shares: 11,195,000
• Free Float: 7,870,000
• Market Cap: $92.13 million
• Optionable: Not Optionable
• Beta: 0.55