Coda Octopus Group (NASDAQ:CODA) Price Target Raised to $11.00

Posted by Joseph Casey on Nov 14th, 2024

Coda Octopus Group (NASDAQ:CODA – Free Report) had its target price upped by Alliance Global Partners from $9.00 to $11.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Coda Octopus Group Stock Up 0.6 %

Shares of CODA opened at $8.87 on Monday. The stock has a market capitalization of $99.26 million, a P/E ratio of 32.85 and a beta of 0.52. Coda Octopus Group has a twelve month low of $5.21 and a twelve month high of $9.15. The firm has a fifty day simple moving average of $7.92 and a two-hundred day simple moving average of $7.12.

Coda Octopus Group (NASDAQ:CODA – Get Free Report) last released its quarterly earnings data on Monday, September 16th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $5.48 million for the quarter. Coda Octopus Group had a net margin of 15.93% and a return on equity of 5.93%.

Hedge Funds Weigh In On Coda Octopus Group

A hedge fund recently raised its stake in Coda Octopus Group stock. Rice Hall James & Associates LLC boosted its stake in Coda Octopus Group, Inc. (NASDAQ:CODA – Free Report) by 25.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 307,388 shares of the company’s stock after acquiring an additional 62,898 shares during the period. Rice Hall James & Associates LLC owned 2.75% of Coda Octopus Group worth $2,229,000 at the end of the most recent reporting period. Institutional investors own 20.12% of the company’s stock.

Coda Octopus Group Company Profile

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Coda Octopus Group, Inc, together with its subsidiaries, develops, sells, and rentals underwater technologies and equipment for real time 3D imaging, mapping, defense, and survey applications in the Americas, Europe, Australia, Asia, the Middle East, and Africa. The company operates through two segments, Marine Engineering Business and Marine Technology Business.