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.
CODA saw its Stochastic Oscillator peaks and leaves the overbought zone
The Stochastic Oscillator for CODA moved out of overbought territory on March 02, 2026. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 55 similar instances where the indicator exited the overbought zone. In of the 55 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for CODA moved out of overbought territory on February 26, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for CODA turned negative on March 03, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 February 09, 2026. 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.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 06, 2026. You may want to consider a long position or call options on CODA as a result. In of 105 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 261 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 240 cases where CODA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CODA’s price grows at a higher 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 58, placing this stock slightly better than average.
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 (2.742) is normal, around the industry mean (9.954). P/E Ratio (38.216) is within average values for comparable stocks, (97.336). CODA's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.120). Dividend Yield (0.000) settles around the average of (0.014) among similar stocks. P/S Ratio (5.992) is also within normal values, averaging (11.235).
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 Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued 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.
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General Information
a developer of underwater technologies and 3D subsea technology products
Industry AerospaceDefense
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