Coda Octopus Group, Inc. (CODA) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Coda Octopus Group, Inc. (CODA) stock forecast summary
Our AI ranks Coda Octopus Group, Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Coda Octopus Group, Inc. is a small-cap company with a market capitalization of $112M. It ranks number 9 by market capitalization among the 10 Search, Detection, Navigation, Guidance, Aeronautical Sys issuers in our coverage with a current forecast. Its Gross Margin of 65.9% is the highest of the 8 peers that report one. Its D/E Ratio of 0.10x is the lowest of the 9 peers that report one.
For CODA, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -16.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -1.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, CODA included.
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How CODA ranks among 5172 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Coda Octopus Group, Inc. (CODA) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Search, Detection, Navigation, Guidance, Aeronautical Sys peers listed below that report each metric.
Valuation & Market
| Metric | CODA | Rank |
|---|---|---|
| Market Cap | $112M | 9/10 |
| P/E Ratio | 21.59x | 5/6 |
| P/B Ratio | 1.79x | 8/9 |
| EPS | $0.46 | – |
| Book Value/Share | $5.56 | – |
| Revenue/Share | $3.13 | – |
| FCF/Share | $0.62 | – |
Profitability & Margins
| Metric | CODA | Rank |
|---|---|---|
| ROE | 8.0% | 6/9 |
| ROA | 7.3% | 4/10 |
| ROIC | 10.7% | 4/9 |
| Gross Margin | 65.9% | 1/8 |
| Operating Margin | 19.1% | 3/10 |
| Net Margin | 14.3% | 3/10 |
| EBT Margin | 22.8% | 2/10 |
| Tax Rate | 25.9% | – |
Financial Health
| Metric | CODA | Rank |
|---|---|---|
| Current Ratio | 10.06x | 2/10 |
| Quick Ratio | 7.58x | 1/8 |
| D/E Ratio | 0.10x | 9/9 |
| Financial Leverage | 1.10x | 9/9 |
| Working Capital | $49M | 8/10 |
Cash Flow
| Metric | CODA | Rank |
|---|---|---|
| Operating Cash Flow | $8M | 6/10 |
| Free Cash Flow | $7M | 6/10 |
| Capital Spending | -$810K | 4/10 |
| OCF Growth YoY | 23.9% | 4/7 |
| FCF Growth YoY | 15.8% | 6/7 |
| FCF/Sales | 19.8% | 1/9 |
| CapEx/Sales | 2.3% | 5/9 |
Operational Efficiency
| Metric | CODA | Rank |
|---|---|---|
| Asset Turnover | 0.51x | 6/9 |
| Receivables Turnover | 6.3x | 7/9 |
| Inventory Turnover | 0.9x | 6/6 |
| Fixed Assets Turnover | 4.8x | 6/8 |
| Days Sales Outstanding | 58 days | 3/9 |
| Days Inventory | 409 days | 1/6 |
| Payables Period | 30 days | 6/8 |
| Cash Conversion Cycle | 437 days | 1/6 |
Income Statement
| Metric | CODA | Rank |
|---|---|---|
| Total Revenue | $35M | 8/9 |
| Operating Income | $7M | 6/10 |
| Net Income | $5M | 6/10 |
| R&D Expense | $3M | 5/7 |
| SG&A Expense | $13M | 6/7 |
| Cost of Goods Sold | $12M | 6/8 |
Dividend & Shareholder Information
| Metric | CODA | Rank |
|---|---|---|
| Shares Outstanding | 11M | – |
| Net Income Growth | 22.1% | 2/7 |
| EPS Growth | 43.8% | 1/6 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $55M | 79.3% of assets |
| Cash & Short-term Investments | $32M | 46.0% of assets |
| Accounts Receivable | $6M | 8.2% of assets |
| Inventory | $13M | 19.6% of assets |
| Total Liabilities | $6M | 8.9% of assets |
| Short-term Debt | $4M | 6.5% of assets |
CODA quarterly financials and insider trading
Coda Octopus Group, Inc. (CODA) industry peers
Companies classified under the same SEC industry code as Coda Octopus Group, Inc. (Search, Detection, Navigation, Guidance, Aeronautical Sys): 10 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| CODA Coda Octopus Group, Inc. | ▲ | $112M |
| NOC Northrop Grumman Corp /De/ | ▶ | $73.85B |
| GRMN Garmin Ltd | ▼ | $54.78B |
| LHX L3harris Technologies, Inc. /De/ | ▼ | $46.28B |
| TDY Teledyne Technologies Inc | ▼ | $28.68B |
| DRS Leonardo Drs, Inc. | ▶ | $9.45B |
| LUNR Intuitive Machines, Inc. | ▶ | $1.86B |
| NN Nextnav Inc. | ▲ | $1.62B |
| AERG Applied Energetics, Inc. | ▶ | $196M |
| MIND Mind Technology, Inc | ▲ | $39M |
Where CODA sits on the market map
Coda Octopus Group, Inc. (CODA) stock news
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Coda Octopus Group, Inc. (CODA) stock forecast FAQ
What is the Coda Octopus Group, Inc. (CODA) stock forecast?
Our AI ranks Coda Octopus Group, Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Coda Octopus Group, Inc. stock predictions?
For CODA, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -16.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -1.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Coda Octopus Group, Inc. forecasts updated?
Coda Octopus Group, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Coda Octopus Group, Inc.'s industry peers?
10 issuers in our coverage, CODA included, share the SEC industry code Search, Detection, Navigation, Guidance, Aeronautical Sys. The largest are: Northrop Grumman Corp /De/ (NOC), Garmin Ltd (GRMN), L3harris Technologies, Inc. /De/ (LHX), Teledyne Technologies Inc (TDY), Leonardo Drs, Inc. (DRS), Intuitive Machines, Inc. (LUNR).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.