Coda Octopus Group Inc (NASDAQ: CODA) suffers from extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and the stock fell on very heavy volume.
Coda Octopus Group Inc (NASDAQ: CODA) has recently experienced minimal negative changes in fundamentals: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
CODA’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Coda Octopus Group has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Coda Octopus Group has a neutral Power Rating of 48 but a poor Appreciation Score of 23, resulting in the Negative Value Trend Rating.
Recent Price Action
Coda Octopus Group Inc (NASDAQ: CODA) stock declined by -4.8% on 6/18/24. The shares closed at $5.96. Moreover, this decline was accompanied by exceptionally high trading volume at 260% of normal. The stock has performed in line with the market over the last nine months and has declined -6.7% during the last week.
Be the first to comment