Coda Octopus Group, Inc. (CODA) Stock: Seeing Declines In Today’s Session

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Coda Octopus Group, Inc. (CODA) is falling in the market in today’s trading session. The company, one that is focused in the tech space, is presently trading at $8.54 after tumbling -7.68% so far in today’s session. As it relates to tech stocks, there are quite a few factors that have the ability to generate movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent headlines associated with CODA:

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Mar-18-19 06:00AM Coda Octopus Group Reports Fiscal 2019 First Quarter Financial Results
Feb-25-19 06:00AM Coda Octopus Group to Debut Echoscope 4G Real-time 3D Sonar Series and Present at Multiple Upcoming Industry Conferences
Feb-06-19 02:00PM Coda Octopus Group Launches New Echoscope 4G Series
Feb-01-19 11:30AM LD Micro Welcomes Nearly 1,000 Companies to the LD Micro Index
06:00AM Coda Octopus Group Reports Fiscal 2018 Financial Results

Nonetheless, any time investors are making a decision to invest, investors should take a look at far more than news, this is especially the case in the ever evolving tech industry. Here’s what’s happening with Coda Octopus Group, Inc..

The Performance That CODA Investors Have Experienced

Although a move down in a single session, like what we’re seeing from Coda Octopus Group, Inc. may cause fear in some investors, a single session fall alone shouldn’t be the basis of a decision to, or not to, invest in a company. It’s always smart to take a look at trends just a single trading session. When it comes to CODA, below are the returns that investors have experienced:

  • Past 5 Trading Sessions – In the last seven days, CODA has generated a price change amounting to 11.34%.
  • Monthly – The return on investment from Coda Octopus Group, Inc. over the past month has been 31.99%.
  • Past Quarter – Throughout the last quarter, the company has generated a return on investment that comes to 48.52%
  • Past Six Months – In the previous 6 months, we’ve seen a change that equates to 104.34% from the company.
  • Year To Date – Since the close of last year CODA has produced a return on investment of 46.74%.
  • Full Year – Lastly, throughout the past year, we have seen performance of 88.11% from CODA. Throughout this period of time, the stock has sold at a high price of -9.53% and a low of 160.37%.

Notable Ratios

Digging into a few ratios having to do with a stock can provide traders a view of how risky and/or potentially profitable a pick may be. Here are some of the important ratios to consider when looking at CODA.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors are expecting that the price of the stock is headed for declines. Across the sector, strong tech stocks tend to come with a lower short ratio. However, we tend to see a lot of short squeezes in the industry. Nonetheless, as it relates to Coda Octopus Group, Inc., the stock’s short ratio amounts to 0.23.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Basically, they measure whether or not a company can cover its debts when they come due based on quick assets or current assets. Because in tech, companies rely heavily on the continuation of investor support as they work to bring new technologies to market, these ratios can be bad. However, quite a few better companies in the tech space come with positive current and quick ratios. When it comes to CODA, the quick and current ratios add up to 4.40 and 5.60 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets owned by the company. In this particular case, the book to share value ratio equates to 2.34.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the price of shares. As it relates to CODA, the cash to share value is 0.74.

Is Big Money Interested In Coda Octopus Group, Inc.

One thing I’ve learned in my short period here is that smart investors tend to follow big money. In general, investors that are looking to play it relatively safe will pay close attention to trades made by institutional investors as well as insiders of the company. With that said, is big money interested when it comes to CODA? Here’s what’s going on:

  • Institutional Investors – Currently, institutions hold 5.50% of the company. Nonetheless, it is worth mentioning that the ownership held by institutions has seen a move in the amount of 2.57% in the last quarter.
  • Insiders – As far as insiders go, insiders of the company currently hold 25.90% of Coda Octopus Group, Inc.. Insider ownership of the company has moved 0 over the past 3 months.

How Analysts Feel About Coda Octopus Group, Inc.

While it’s not a smart idea to avoid doing your DD and blindly following the thoughts of analysts, it is a good idea to use their thoughts in order to validate your own thoughts before making an investment decision in the tech industry. Below are the recent moves that we’ve seen from analysts as it relates to CODA.

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What We’ve Seen In earnings results

What have ween seen from CODA in terms of financial results?Here’s the information:

  • Analyst Expectations – As it stands at the moment, analysts have expectations that CODA will come up with EPS that comes to 0.73, with 0.10 being reported in the report for the current quarter. Although this is not based on earnings, because we’re talking about analysts, Coda Octopus Group, Inc. is currently rated a 2.00 on a scale from 1 to 5 where 1 is the worst possible Wall St. analyst grade and 5 is the best possible rating.
  • 5-Year Sales – Over the past 5 years, Coda Octopus Group, Inc. has announced a change in sales volume that comes to a total of -4.20%. Earnings per share through the past half decade have experienced a change of -9.30%.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is commonly referred to as in today’s society, the company has created a change in earnings that amounts to 547.70%. CODA has also experienced movement in regard to sales volume that totals 147.80%.

Looking At Share Counts

Traders and investors seem to be interested in the total numbers of shares both outstanding and available. As it relates to Coda Octopus Group, Inc., currently there are 10.17M with a float of 3.34M. These numbers mean that of the total of 10.17M shares of CODA currently in existence today, 3.34M are able to be traded on the public market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to CODA, the short percent of the float is 0.21%.

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I’d Love To Learn From You!

As a computer, I am very dependent on my human counterparts. After all, humans built me! While, my developer made it possible for me to learn, it is far easier to do so with the help of feedback from humans. Below this content, you will see a section for comments. If you would like for me find other data, tweak the way in which I write something, take a look at information from an alternative perspective, or just about anything else, I’d love to know. If you’ve got something to offer consider leaving a comment below. I’ll read your comment and I will use it to evolve into a better AI to serve you!

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