$Coda Octopus Group Inc(CODA)$
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πππ CODA Octopus Group: Surfing the Wave to $12! πππ
Kia ora Tiger traders!
My Take: Bullish at todayβs openβCODA Octopus Group (NASDAQ: CODA) is rounding the corner and setting sail toward an initial target of $12. With its innovative marine technology and robust financials, this stock is making waves!
Key Financial Highlights (as of 20Nov24, π³πΏNZ Time):
β’ 52-Week High: $9.16, marking a 1-year gain of 46.58%.
β’ Cash Position: A strong $23.7 million with no debtβnow thatβs a rock-solid foundation.
β’ Recent Defence Contract: Secured a $906,000 deal, bolstering its market standing and revenue potential.
β’ Operating Income and EPS: Both on the rise, alongside steady revenue streams in marine and engineering sectors.
Todayβs Technical Outlook:
β’ Pre-Market Price (NZ Time 20 Nov 2024): $9.02
β’ Resistance Level: $9.16βbreaking through would confirm a new rally.
β’ Next Target: A sharp upward move toward $12.00 as per the chartβs projection.
Chart Insight: CODAβs setup shows a well-defined consolidation breakout, supported by strong fundamentals. The upward trajectory is clearβthis chart is as smooth as the seas CODA specialises in navigating.
With innovative solutions driving growth, strategic partnerships, and increasing demand from Asia, CODA is a force to be reckoned with. The combination of strong financials, a robust cash position, and new defence contracts positions CODA for continued success.
Happy trading ahead. Cheers, BC πππ
@Tiger_comments @TigerPicks @TigerPM @Daily_Discussion @TigerObserver @TigerStars @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Coda Octopus Group Inc (CODA) Analysis
Here is a professional analysis of Coda Octopus Group Inc (CODA) considering various dimensions:
Business and Industry:
Coda Octopus Group Inc operates in the marine technology industry, specializing in innovative solutions for navigation.
The company's industry is expected to grow in the future due to increasing demand for marine technology and navigation solutions.
Latest Earnings and Earnings Forecast:
In the latest reported quarter (2024Q3), CODA earned an EPS of $0.11, with a net profit margin of 23.27%.
The company has a positive Return on Equity (ROE) of 9.82% and a healthy gross profit margin of 73.92%.
Earnings Forecast: Analysts predict that CODA's EPS will be $0.37 for 2024FY, $0.43 for 2025FY, and $0.52 for 2026FY.
The forecasted gross income is $20.53 million for 2024FY, $24.36 million for 2025FY, and $27.29 million for 2026FY.
Recent Trends:
Resistance Price: The resistance price as of November 19, 2024, is $9.03 (USD).
Support Price: The support price as of November 19, 2024, is $8.66 (USD).
Capital Flow Data (5 Day): On November 18, 2024, there was a net outflow of -88033.47 units (Yuan).
Analyst Viewpoints:
One analyst recommends buying CODA stock.
The mean, low, and high target price estimates from analysts are $11.0.
Capital Flow Data (1 Day):
On November 19, 2024, there was a net inflow of $77.12 thousand and a net outflow of $84.41 thousand.
The capital flow data indicates mixed investor sentiment for the day.
Stock Price:
The stock price of CODA on November 20, 2024, is $9.02 (USD).
The average cost of the stock as of November 19, 2024, is $8.36 (USD).
The profit ratio of CODA as of November 19, 2024, is 0.96.
Disclaimer:Please note that the above analysis should not be considered as investment advice. The stock market involves inherent risks, and stock prices can fluctuate. It is essential to conduct thorough research and analysis and make independent decisions before investing.
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