NASDAQ:CODA

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

$6.16

-0.04 (-0.65%)

(As of 10/2/2023 ET)

Compare

Today's Range: $6.01
▼
$6.45
50-Day Range: $5.85
▼
$9.00
52-Week Range: $5.35
▼
$11.09

Volume: 29,520 shs
Average Volume: 29,029 shs
Market Capitalization: $68.50 million

P/E Ratio: 17.11
Dividend Yield: N/A
Price Target: $10.00

Coda Octopus Group MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 62.3% Upside
$10.00 Price Target
Short Interest: Healthy
3.32% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.88
Based on 8 Articles This Week
Insider Trading: Acquiring Shares
$1 M Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.51 out of 5 stars

Computer And Technology Sector

190th out of 611 stocks

Search & Navigation Equipment Industry

5th out of 11 stocks

3.5

Analyst's Opinion

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.
Price Target Upside/Downside
According to analysts' consensus price target of $10.00, Coda Octopus Group has a forecasted upside of 62.3% from its current price of $6.16.
Amount of Analyst Coverage
Coda Octopus Group has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.32% 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 7.6.
Change versus previous month
Short interest in Coda Octopus Group has recently decreased by 3.45%, indicating that investor sentiment is improving.

0.0

Dividend Strength

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CODA.

3.3

News and Social Media Coverage

News Sentiment
Coda Octopus Group has a news sentiment score of 0.88. 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 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Coda Octopus Group this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for CODA on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
1 people have added Coda Octopus Group to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Coda Octopus Group insiders have bought 14.89% more of their company's stock than they have sold. Specifically, they have bought $1,004,477.00 in company stock and sold $874,314.00 in company stock.
Percentage Held by Insiders
31.10% 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 20.20% of the stock of Coda Octopus Group is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Coda Octopus Group is 17.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.49.
Price to Earnings Ratio vs. Sector
The P/E ratio of Coda Octopus Group is 17.11, 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 242.57.
Price to Book Value per Share Ratio
Coda Octopus Group has a P/B Ratio of 1.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Coda Octopus Group (NASDAQ:CODA) Stock

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 United States of America and internationally. The company operates through two segments, Marine Engineering Business and Marine Technology Business. It sells technology solutions to the subsea and underwater markets. The company's solutions include geophysical systems, a geophysical data acquisition systems, processing, and analysis software that are used primarily by survey companies, offshore renewable companies, research institutions, and salvage companies; GNSS-aided navigation systems (attitude and positioning systems); Real time volumetric imaging sonar; and diver augmented vision display system. It offers CodaOctopus GeoSurvey products, such as hardware and software solutions for field acquisition of sidescan sonar and sub-bottom profiler; and CodaOctopus DA4G productivity suite of software that automates the tasks of analyzing, annotating, and mosaicing complex data sets. It markets its products under the CodaOctopus brand name. Coda Octopus Group, Inc. was founded in 1994 and is headquartered in Orlando, Florida.

CODA Price History

30 days | 90 days | 365 days | Advanced Chart

CODA Stock News Headlines

October 1, 2023 | americanbankingnews.com

Coda Octopus Group, Inc. (NASDAQ:CODA) CEO Acquires $99,977.40 in Stock

October 1, 2023 | americanbankingnews.com

John Steven Emerson Purchases 150,000 Shares of Coda Octopus Group, Inc. (NASDAQ:CODA) Stock

October 2, 2023 | Porter and Company (Ad)

Public Service Announcement: New National Emergency Incoming

Americans urged to share this new documentary with their friends and family before this looming event triggers a new national crisis…

October 1, 2023 | americanbankingnews.com

G Tyler Runnels Sells 144,994 Shares of Coda Octopus Group, Inc. (NASDAQ:CODA) Stock

September 26, 2023 | finance.yahoo.com

7 A-Rated Industrial Stocks to Buy for HUGE Returns

September 18, 2023 | finance.yahoo.com

This Coda Octopus Group, Inc. (NASDAQ:CODA) Analyst Is Way More Bearish Than They Used To Be

September 14, 2023 | finance.yahoo.com

Q3 2023 Coda Octopus Group Inc Earnings Call

September 14, 2023 | msn.com

Alliance Global Partners Maintains Coda Octopus Group (CODA) Buy Recommendation

October 2, 2023 | Porter and Company (Ad)

Public Service Announcement: New National Emergency Incoming

Americans urged to share this new documentary with their friends and family before this looming event triggers a new national crisis…

September 13, 2023 | finance.yahoo.com

Coda Octopus Group Reports Fiscal Third Quarter 2023 Financial Results

September 12, 2023 | benzinga.com

A Preview Of Coda Octopus Group's Earnings

September 12, 2023 | markets.businessinsider.com

What Wall Street expects from Coda Octopus Group's earnings

September 6, 2023 | finance.yahoo.com

Why We Think Coda Octopus Group, Inc.'s (NASDAQ:CODA) CEO Compensation Is Not Excessive At All

August 30, 2023 | finance.yahoo.com

Coda Octopus Group Sets Fiscal Year 2023 Third Quarter Earnings Conference Call for Wednesday, September 13, 2023 at 10 a.m. Eastern Time

June 29, 2023 | finance.yahoo.com

Coda Octopus Group Restructures its Board of Directors and Appoints Brigadier General Anthony J. Tata (Ret.) and Robert Harcourt to its Board of Directors

June 22, 2023 | seekingalpha.com

Coda Octopus: Valuation Is Now Reasonable, But Growth Remains A Concern

June 15, 2023 | finance.yahoo.com

Q2 2023 Coda Octopus Group Inc Earnings Call

June 14, 2023 | marketwatch.com

Coda Octopus Group Shares Lower Following 2Q Earnings Report

June 14, 2023 | finanznachrichten.de

Coda Octopus Group, Inc.: Coda Octopus Group Reports Fiscal Second Quarter 2023 Financial Results

June 14, 2023 | msn.com

Recap: Coda Octopus Group Q2 Earnings

June 14, 2023 | finance.yahoo.com

Coda Octopus Group Reports Fiscal Second Quarter 2023 Financial Results

June 13, 2023 | msn.com

Earnings Outlook For Coda Octopus Group

June 13, 2023 | markets.businessinsider.com

Coda Octopus Group earnings: here's what to expect

June 8, 2023 | finance.yahoo.com

With 46% ownership in Coda Octopus Group, Inc. (NASDAQ:CODA), insiders continue to have the largest holding even though they have sold shares recently

May 31, 2023 | msn.com

Coda Octopus: Still Quite Attractive

May 31, 2023 | finance.yahoo.com

Coda Octopus Group Sets Fiscal Year 2023 Second Quarter Earnings Conference Call for Wednesday, June 14, 2023 at 10 a.m. Eastern Time

May 11, 2023 | finance.yahoo.com

Coda Octopus Group (NASDAQ:CODA) shareholders have earned a 17% CAGR over the last five years

See More Headlines

Receive CODA Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Coda Octopus Group and its competitors with MarketBeat's FREE daily newsletter.

CODA Company Calendar

Last Earnings: 9/13/2023
Today: 10/02/2023
Fiscal Year End: 10/31/2023
Next Earnings (Estimated): 1/29/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Search & navigation equipment
Sub-Industry: N/A
Sector: Computer and Technology
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: 83
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $10.00
High Stock Price Forecast: $10.00
Low Stock Price Forecast: $10.00
Forecasted Upside/Downside: +62.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.36
Trailing P/E Ratio: 17.11
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $4.30 million
Net Margins: 19.83%
Pretax Margin: 22.07%
Return on Equity: 8.82%
Return on Assets: 8.29%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 20.94
Quick Ratio: 15.09

Sales & Book Value

Annual Sales: $22.23 million
Price / Sales: 3.08
Cash Flow: $0.46 per share
Price / Cash Flow: 13.36
Book Value: $4.00 per share
Price / Book: 1.54

Miscellaneous

Outstanding Shares: 11,120,000
Free Float: 7,660,000
Market Cap: $68.50 million
Optionable: Not Optionable
Beta: 1.07

Investing Strategies To Help Grow Your Retirement Income

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report

Key Executives

Ms. Annmarie Gayle LL.B (Age 56)
LLM, CEO & Chairman
Comp: $405k

Mr. Blair Cunningham (Age 54)
Pres of Technology
Comp: $247.77k

Mr. Kevin J. Kane B.Sc. (Age 57)
M.B.A., Chief Exec. Officer of Coda Octopus Colmek Inc.
Comp: $219.6k

Ms. Gayle Jardine (Age 53)
Interim Chief Financial Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CODA Stock - Frequently Asked Questions

Should I buy or sell Coda Octopus Group stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coda Octopus Group in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CODA shares.
View CODA analyst ratings or view top-rated stocks.
What is Coda Octopus Group's stock price forecast for 2023?: 1 Wall Street analysts have issued twelve-month price objectives for Coda Octopus Group's shares. Their CODA share price forecasts range from $10.00 to $10.00. On average, they anticipate the company's share price to reach $10.00 in the next twelve months. This suggests a possible upside of 62.3% from the stock's current price.
View analysts price targets for CODA or view top-rated stocks among Wall Street analysts.
How have CODA shares performed in 2023?: Coda Octopus Group's stock was trading at $6.86 at the beginning of 2023. Since then, CODA shares have decreased by 10.2% and is now trading at $6.16.
View the best growth stocks for 2023 here.
When is Coda Octopus Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024.
View our CODA earnings forecast.
How were Coda Octopus Group's earnings last quarter?: Coda Octopus Group, Inc. (NASDAQ:CODA) announced its earnings results on Wednesday, September, 13th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by $0.03. The firm earned $4.89 million during the quarter. Coda Octopus Group had a net margin of 19.83% and a trailing twelve-month return on equity of 8.82%.

What other stocks do shareholders of Coda Octopus Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Coda Octopus Group investors own include B2Gold (BTG), Intel (INTC), Bristol-Myers Squibb (BMY), Micron Technology (MU), Xilinx (XLNX), Gates Industrial (GTES), NVIDIA (NVDA), Advanced Micro Devices (AMD), Digital Turbine (APPS) and Enphase Energy (ENPH).
What is Coda Octopus Group's stock symbol?: Coda Octopus Group trades on the NASDAQ under the ticker symbol "CODA."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Coda Octopus Group's stock price today?: One share of CODA stock can currently be purchased for approximately $6.16.
How much money does Coda Octopus Group make?: Coda Octopus Group (NASDAQ:CODA) has a market capitalization of $68.50 million and generates $22.23 million in revenue each year. The company earns $4.30 million in net income (profit) each year or $0.36 on an earnings per share basis.
How can I contact Coda Octopus Group?: Coda Octopus Group's mailing address is 3300 S HIAWASSEE RD. SUITE 104-105, ORLANDO FL, 32835. The official website for the company is www.codaoctopusgroup.com. The company can be reached via phone at (407) 735-2406, via email at info@mdcgroup.com, or via fax at 801-973-9285.

This page (NASDAQ:CODA) was last updated on 10/2/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

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

Coda Octopus Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Coda Octopus Group (NASDAQ:CODA) Stock

CODA Price History

CODA Stock News Headlines

CODA Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CODA Stock - Frequently Asked Questions

Overall MarketRank^™