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CODA
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
68.37M

CODA Coda Octopus Group Forecast, Technical & Fundamental Analysis

a developer of underwater technologies and 3D subsea technology products

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for CODA with price predictions
07:00 PM EST Nov 30, 2023

CODA's RSI Indicator ascends from oversold territory

The RSI Indicator for CODA moved out of oversold territory on November 24, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 30 similar instances when the indicator left oversold territory. In of the 30 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 14 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

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 190 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 Momentum Indicator moved below the 0 level on November 09, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CODA as a result. In of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for CODA turned negative on November 13, 2023. 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 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

CODA moved below its 50-day moving average on November 16, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for CODA crossed bearishly below the 50-day moving average on November 22, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over 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 November 03, 2023. 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.

Fundamental Analysis (Ratings)

Fear & Greed

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 (1.372) is normal, around the industry mean (4.818). P/E Ratio (16.611) is within average values for comparable stocks, (295.429). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (7.594). Dividend Yield (0.000) settles around the average of (0.028) among similar stocks. P/S Ratio (3.285) is also within normal values, averaging (165.309).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to 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.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average 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 that the returns do not compensate for the risks. CODA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Boeing Company (NYSE:BA), Lockheed Martin Corp (NYSE:LMT), Northrop Grumman Corp (NYSE:NOC), Spirit Aerosystems Holdings (NYSE:SPR), Virgin Galactic Holdings (NYSE:SPCE).

Industry description

Aerospace & Defense is one of largest industries in the U.S., mainly comprising the following areas: commercial airliners, military aircraft, missiles, space, and general aviation. Focused heavily on research & development, it is also one of the fastest growing industries. Military aircraft has the largest market share in the industry’s sales, followed by space systems, civil aircraft, and missiles. Aerospace exports, directly and indirectly, support more jobs than the export of any other commodity, according to a study by the U.S. Department of Commerce. Boeing Company, Lockheed Martin Corporation and General Electric Company are some of the most prominent players in this space.

Market Cap

The average market capitalization across the Aerospace & Defense Industry is 11.14B. The market cap for tickers in the group ranges from 1.66K to 134.53B. BA holds the highest valuation in this group at 134.53B. The lowest valued company is ASDN at 1.66K.

High and low price notable news

The average weekly price growth across all stocks in the Aerospace & Defense Industry was 2%. For the same Industry, the average monthly price growth was 53%, and the average quarterly price growth was 19%. NEXD experienced the highest price growth at 121%, while KITT experienced the biggest fall at -34%.

Volume

The average weekly volume growth across all stocks in the Aerospace & Defense Industry was 102%. For the same stocks of the Industry, the average monthly volume growth was 6% and the average quarterly volume growth was 22%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 48
P/E Growth Rating: 59
Price Growth Rating: 53
SMR Rating: 78
Profit Risk Rating: 73
Seasonality Score: 25 (-100 ... +100)
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A.I. Advisor
published Earnings

CODA is expected to report earnings to 9 cents per share on January 30

Coda Octopus Group CODA Stock Earnings Reports
Q4'23
Est.
$0.09
Q3'23
Missed
by $0.03
Q2'23
Missed
by $0.01
Q1'23
Est.
$0.12
Q4'22
Missed
by $0.04
The last earnings report on September 13 showed earnings per share of 9 cents, missing the estimate of 11 cents. With 53.76K shares outstanding, the current market capitalization sits at 68.37M.
A.I. Advisor
published General Information

General Information

a developer of underwater technologies and 3D subsea technology products

Industry AerospaceDefense

Profile
Fundamentals
Details
Industry
Electronic Components
Address
3300 S Hiawassee Road
Phone
+1 407 735-2406
Employees
83
Web
https://www.codaoctopusgroup.com
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CODA and

Correlation & Price change

A.I.dvisor tells us that CODA and TXT have been poorly correlated (+22% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that CODA and TXT's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CODA
1D Price
Change %
CODA100%
+0.76%
TXT - CODA
22%
Poorly correlated
+1.59%
HWM - CODA
21%
Poorly correlated
+0.57%
HXL - CODA
21%
Poorly correlated
+3.10%
RKLB - CODA
20%
Poorly correlated
+1.83%
RDW - CODA
20%
Poorly correlated
+4.30%
More

Groups containing CODA

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CODA
1D Price
Change %
CODA100%
+0.76%
electronic
(undefined stocks)
22%
Poorly correlated
+1.88%
components
(undefined stocks)
21%
Poorly correlated
+2.39%
3d printing
(undefined stocks)
16%
Poorly correlated
+2.33%
Aerospace & Defense
(undefined stocks)
15%
Poorly correlated
+1.93%