For its third fiscal quarter (ending July 31), Coda Octopus Group Inc (NASDAQ: CODA) has reported a 22% increase in E.P.S. from $0.09 a year ago to $0.11 in the current quarter. E.P.S. were $0.27 for the latest four quarters through July 31 versus $0.38 for the same period a year ago — a decline of -29%.
Recent Price Action
Coda Octopus Group Inc (NASDAQ: CODA) stock closed at $7.43 on 9/16/24 after a very large increase of 5.4%. Moreover, exceptionally high trading volume at 472% of normal accompanied the advance. The stock has risen 6.0% during the last week and has been strong relative to the market over the last nine months.
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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Coda Octopus Group has a poor Appreciation Score of 23 but a good Power Rating of 78, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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