NASDAQ:CODA

Coda Octopus Group - CODA Stock Forecast, Price & News

$4.93

-0.08 (-1.60%)

(As of 08/9/2022 12:00 AM ET)

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Today's Range: $4.93
▼
$5.00
50-Day Range: $4.77
▼
$5.77
52-Week Range: $4.75
▼
$9.90

Volume: 3,724 shs
Average Volume: 18,417 shs
Market Capitalization: $53.53 million

P/E Ratio: 16.43
Dividend Yield: N/A
Price Target: $8.00

Coda Octopus Group MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 62.3% Upside
$8.00 Price Target
Short Interest: Bearish
4.43% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
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.

2.22 out of 5 stars

Computer And Technology Sector

399th out of 644 stocks

Search & Navigation Equipment Industry

5th out of 9 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 $8.00, Coda Octopus Group has a forecasted upside of 62.3% from its current price of $4.93.
Amount of Analyst Coverage
Coda Octopus Group has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.43% 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 12.3, which indicates bearish sentiment.
Change versus previous month
Short interest in Coda Octopus Group has recently decreased by 0.99%, 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 1.89. 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 0.37 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 0 articles on an average week.

1.7

Company Ownership

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
31.50% 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 20.75% 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 16.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.44.
Price to Earnings Ratio vs. Sector
The P/E ratio of Coda Octopus Group is 16.43, 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 411.51.
Price to Book Value per Share Ratio
Coda Octopus Group has a P/B Ratio of 1.30. 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 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. 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; Echoscope and Echoscope PIPE used for real time monitoring of cable installations for offshore wind projects; 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.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners set a $8.00 price objective on shares of Coda Octopus Group in a research note on Monday, June 20th.

Coda Octopus Group Stock Performance

NASDAQ:CODA opened at $5.01 on Tuesday. The firm has a 50 day simple moving average of $5.04 and a 200-day simple moving average of $5.68. Coda Octopus Group has a one year low of $4.75 and a one year high of $9.90. The firm has a market cap of $54.41 million, a price-to-earnings ratio of 16.70 and a beta of 1.33.

Coda Octopus Group (NASDAQ:CODA - Get Rating) last posted its quarterly earnings data on Tuesday, June 14th. The company reported $0.05 EPS for the quarter. Coda Octopus Group had a net margin of 15.82% and a return on equity of 8.27%. The business had revenue of $4.99 million during the quarter.

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CODA Stock News Headlines

July 23, 2022 | nasdaq.com

Is The Market Rewarding Coda Octopus Group, Inc. (NASDAQ:CODA) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?

July 3, 2022 | finance.yahoo.com

Is Coda Octopus Group, Inc.'s (NASDAQ:CODA) Stock Price Struggling As A Result Of Its Mixed Financials?

June 28, 2022 | msn.com

Coda Octopus Group's Return On Capital Employed Overview

June 15, 2022 | finance.yahoo.com

This Analyst Just Downgraded Their Coda Octopus Group, Inc. (NASDAQ:CODA) EPS Forecasts

June 14, 2022 | marketwatch.com

Coda Octopus Shares Drop After Lower 2Q Earnings

June 14, 2022 | benzinga.com

1CODA : Recap: Coda Octopus Group Q2 Earnings

June 14, 2022 | finance.yahoo.com

Coda Octopus Group Reports Fiscal 2022 Second Quarter and six-Month Period Financial Results

June 11, 2022 | finance.yahoo.com

Shareholders in Coda Octopus Group (NASDAQ:CODA) are in the red if they invested three years ago

May 6, 2022 | finance.yahoo.com

Returns On Capital Signal Tricky Times Ahead For Coda Octopus Group (NASDAQ:CODA)

March 17, 2022 | benzinga.com

Coda Octopus Group Earnings Perspective: Return On Capital Employed

March 16, 2022 | benzinga.com

Recap: Coda Octopus Group Q1 Earnings

March 10, 2022 | finance.yahoo.com

Coda Octopus Group Announces Key Milestone Achievements with its Diver Augmented Vision Display (DAVD) System

March 8, 2022 | marketwatch.com

Coda Octopus Shares Rise 20% After Release of New Sonar Technology

March 8, 2022 | finance.yahoo.com

Coda Octopus Group Announces Launch of a new ground up Short-Range High-Definition Real Time 3D Sonar, Echoscope® CIVS

February 14, 2022 | finance.yahoo.com

Coda Octopus Group Reports Fiscal 2021 Financial Results

February 1, 2022 | nasdaq.com

Is It Time To Consider Buying Coda Octopus Group, Inc. (NASDAQ:CODA)?

January 23, 2022 | finance.yahoo.com

Should Weakness in Coda Octopus Group, Inc.'s (NASDAQ:CODA) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

January 16, 2022 | nasdaq.com

Coda Octopus Group, Inc. Common stock (CODA)

January 3, 2022 | nasdaq.com

Insiders at Coda Octopus Group, Inc. (NASDAQ:CODA) sold US$945k worth of stock, possibly indicating weakness in the future

December 16, 2021 | finance.yahoo.com

Calculating The Intrinsic Value Of Coda Octopus Group, Inc. (NASDAQ:CODA)

December 5, 2021 | reuters.com

Coda Octopus Group, Inc.

December 4, 2021 | nasdaq.com

Coda Octopus Group (NASDAQ:CODA) Is Reinvesting At Lower Rates Of Return

November 16, 2021 | finance.yahoo.com

There Are Reasons To Feel Uneasy About Coda Octopus Group's (NASDAQ:CODA) Returns On Capital

November 8, 2021 | nasdaq.com

Coda Octopus Group, Inc.'s (NASDAQ:CODA) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

October 26, 2021 | finance.yahoo.com

Coda Octopus Group Inc. Reports Fiscal Second Quarter 2016 Financial Results

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CODA Company Calendar

Last Earnings: 6/14/2022
Today: 8/09/2022
Next Earnings (Estimated): 9/13/2022
Fiscal Year End: 10/31/2022

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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: 95
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $8.00
High Stock Price Forecast: $8.00
Low Stock Price Forecast: $8.00
Forecasted Upside/Downside: +62.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.30
Trailing P/E Ratio: 16.43
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $4.95 million
Net Margins: 15.82%
Pretax Margin: 19.58%
Return on Equity: 8.27%
Return on Assets: 7.64%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 10.85
Quick Ratio: 7.52

Sales & Book Value

Annual Sales: $21.33 million
Price / Sales: 2.51
Cash Flow: $0.54 per share
Price / Cash Flow: 9.15
Book Value: $3.78 per share
Price / Book: 1.30

Miscellaneous

Outstanding Shares: 10,858,000
Free Float: 7,438,000
Market Cap: $53.53 million
Optionable: Not Optionable
Beta: 1.33

Key Executives

Ms. Annmarie Gayle LL.B (Age 55)
LLM, CEO & Chairman
Comp: $405k
Mr. Blair Cunningham (Age 53)
Pres of Technology
Comp: $234.02k
Mr. Kevin J. Kane B.Sc. (Age 56)
M.B.A., Chief Exec. Officer of Coda Octopus Colmek Inc.
Comp: $87.05k
Mr. Nathan William Parker B.Sc.
M.B.A., 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 2022?: 1 Wall Street analysts have issued 12 month target prices for Coda Octopus Group's shares. Their CODA share price forecasts range from $8.00 to $8.00. On average, they anticipate the company's share price to reach $8.00 in the next year. 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 has Coda Octopus Group's stock performed in 2022?: Coda Octopus Group's stock was trading at $8.00 on January 1st, 2022. Since then, CODA stock has decreased by 38.4% and is now trading at $4.93.
View the best growth stocks for 2022 here.
When is Coda Octopus Group's next earnings date?: Coda Octopus Group is scheduled to release its next quarterly earnings announcement on Tuesday, September 13th 2022.
View our CODA earnings forecast.
How were Coda Octopus Group's earnings last quarter?: Coda Octopus Group, Inc. (NASDAQ:CODA) announced its quarterly earnings results on Tuesday, June, 14th. The company reported $0.05 EPS for the quarter. The firm had revenue of $4.99 million for the quarter. Coda Octopus Group had a trailing twelve-month return on equity of 8.27% and a net margin of 15.82%.
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."
Who are Coda Octopus Group's major shareholders?: Coda Octopus Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Rice Hall James & Associates LLC (2.22%). Insiders that own company stock include Blair Graeme Cunningham, Bryan Ezralow, G Tyler Runnels, Mary Losty, Michael J Hamilton, Michael Midgley and Niels Sondergaard.
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 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 $4.93.
How much money does Coda Octopus Group make?: Coda Octopus Group (NASDAQ:CODA) has a market capitalization of $53.53 million and generates $21.33 million in revenue each year. The company earns $4.95 million in net income (profit) each year or $0.30 on an earnings per share basis.
How many employees does Coda Octopus Group have?: Coda Octopus Group employs 95 workers across the globe.
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 8/10/2022 by MarketBeat.com Staff

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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

Company Ownership

Earnings and Valuation

About Coda Octopus Group (NASDAQ:CODA) Stock

Analyst Upgrades and Downgrades

Coda Octopus Group Stock Performance

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

Should I buy or sell Coda Octopus Group stock right now?

What is Coda Octopus Group's stock price forecast for 2022?

How has Coda Octopus Group's stock performed in 2022?

When is Coda Octopus Group's next earnings date?

How were Coda Octopus Group's earnings last quarter?

What other stocks do shareholders of Coda Octopus Group own?

What is Coda Octopus Group's stock symbol?

Who are Coda Octopus Group's major shareholders?

How do I buy shares of Coda Octopus Group?

What is Coda Octopus Group's stock price today?

How much money does Coda Octopus Group make?

How many employees does Coda Octopus Group have?

How can I contact Coda Octopus Group?

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