Coda Octopus (CODA, $4.89) misses fiscal Q2 earnings expectations
Coda Octopus Group posted its quarterly earnings results that fell short of analysts’ expectations.
The company, which specializes in underwater technologies, reported earnings of $0.05 per share for the for its second quarter ended April 30, missing analysts’ expectations of $0.08 (Fidelity Earnings reports).
Coda’s revenue fell -7.3% year-over-year to $4.98 million in the quarter.
Annmarie Gayle, CODA’s Chairman and CEO, has indicated that some of the factors which are slowing down the placement of orders by customers, particularly for the Services Business, include uncertainties due to the supply chain where there is substantial shortage of components and raw materials along with with sharp price rises. This, according to Gayle, leads to delay in the placement of these orders. Gayle also said that the pandemic has resulted in delays in receiving orders from Europe, causing a sharp decline in revenues generated from Europe in the period compared to the year-ago quarter.
Coda Octopus Group, Inc, along with its subsidiaries, sells underwater technologies and equipment for 3D imaging, defense, and survey applications in the Americas, Europe, Australia, Asia, the Middle East, and Africa.
Momentum Indicator for CODA turns positive, indicating new upward trend
CODA saw its Momentum Indicator move above the 0 level on April 25, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 102 similar instances where the indicator turned positive. In of the 102 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CODA's RSI Indicator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
CODA moved above its 50-day moving average on April 28, 2025 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for CODA crossed bullishly above the 50-day moving average on May 05, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CODA advanced for three days, in of 268 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 218 cases where CODA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 49 cases where CODA's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CODA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CODA broke above its upper Bollinger Band on April 25, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.467) is normal, around the industry mean (10.649). P/E Ratio (20.412) is within average values for comparable stocks, (59.612). CODA's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.116). Dividend Yield (0.000) settles around the average of (0.019) among similar stocks. P/S Ratio (3.723) is also within normal values, averaging (7.466).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CODA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 61, placing this stock slightly worse than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a developer of underwater technologies and 3D subsea technology products
Industry AerospaceDefense