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Coda Octopus Group Inc(CODA)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CODA
09/25/2026: CODA (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Coda Octopus Group Inc is a specialized marine technology company known for its proprietary real-time 3D sonar hardware and subsea engineering services, primarily serving defense and industrial sectors. Its core strength lies in its patented Echoscope technology, which provides a competitive edge in subsea imaging. The primary growth opportunity involves expanding the adoption of its diver-assisted systems and capitalizing on infrastructure inspection needs. However, the company faces significant risks, including revenue lumpiness tied to government contracts and strong competition from larger defense conglomerates. Investors should monitor defense budget trends and the success of new product scaling, keeping in mind that the stock is better suited for investors comfortable with small-cap and sector-specific risks.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers niche technology growth potential but is limited by the scale of its addressable defense markets. |
| Momentum investor | Weak fit | Low trading volume and project-driven cycles often make consistent momentum signals difficult to sustain. |
| Value investor | Mixed fit | Valuation may appear reasonable, but project lumpiness makes it difficult to ascertain stable fundamental value. |
| Dividend investor | Weak fit | The company does not pay dividends, favoring reinvestment over income. |
| Low-risk investor | Weak fit | Exposure to defense budget cycles and small-cap volatility creates significant risk for conservative portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Small-cap nature and project-dependent revenue lead to significant price swings. |
| Valuation risk | Medium | Thinly traded stocks can experience price disconnects from fundamental performance. |
| Competition risk (Defense/Sonar majors) | High | Larger competitors like Teledyne have broader resources to challenge sonar product dominance. |
| Business quality | Medium | Proprietary technology is strong, but scale and financial depth remain challenges. |
| Dividend income | Low / none | No income stream is provided to shareholders. |
| Execution risk | Medium / high | Success relies heavily on long-cycle contract procurement and technical delivery. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit 11.89% | Avg. Invested days 29 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 09/25/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 121.63M USD | Price to earnings Ratio 23.96 | 1Y Target Price 14 |
Price to earnings Ratio 23.96 | 1Y Target Price 14 | ||
Volume (30-day avg) 104.7K shares | Beta 0.6 | 52 Weeks Range 7.80 - 17.28 | Updated Date 09/26/2026 |
52 Weeks Range 7.80 - 17.28 | Updated Date 09/26/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.45 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Marine Products | Echoscope and sonar software sales and maintenance. | Core revenue from specialized hardware used underwater. |
| Marine Engineering | Subsea engineering services for defense and energy. | Revenue from providing technical services to major clients. |
| Geography | US, UK, and international defense markets. | Strong reliance on US and UK defense spending. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-09-14 | When Before Market | Estimate 0.12 | Actual 0.12 |
Profitability
Profit Margin 17.63% | Operating Margin (TTM) 19.87% |
Management Effectiveness
Return on Assets (TTM) 5.49% | Return on Equity (TTM) 8.41% |
Valuation
Trailing PE 23.96 | Forward PE 21.1 | Enterprise Value 94.59M | Price to Sales(TTM) 4.25 |
Enterprise Value 94.59M | Price to Sales(TTM) 4.25 | ||
Enterprise Value to Revenue 3.31 | Enterprise Value to EBITDA 12.41 | Shares Outstanding 11.28M | Shares Floating 5.74M |
Shares Outstanding 11.28M | Shares Floating 5.74M | ||
Percent Insiders 51.17 | Percent Institutions 27.13 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Coda Octopus Group Inc
Exchange NASDAQ | Headquarters Orlando, FL, United States | ||
IPO Launch date 2008-10-22 | CEO & Chairman Ms. Annmarie Gayle LL.B, LLM | ||
Sector Industrials | Industry Aerospace & Defense | Full time employees 100 | Website https://www.codaoctopusgroup.com |
Full time employees 100 | Website https://www.codaoctopusgroup.com | ||
Coda Octopus Group, Inc., together with its subsidiaries, sells and rentals underwater technologies and equipment for real time 3D imaging, mapping, defense, and survey applications in the United States, Europe, Australia, Asia, the Middle East, and Africa. It operates through three segments: Marine Technology Business, Acoustic Sensors and Materials Business, and Defense Engineering Services Business. The Marine Technology Business offers geophysical range of products, such as GeoSurvey, a software and hardware package for acquisition and processing of sidescan sonar and sub-bottom profiler data in oil and gas companies; DA4G, a geophysical hardware; and Survey Engine, a software product that provides post-processing solutions for sidescan sonar and sub-bottom profiler data; inertial positioning and attitude measurement systems; and real-time volumetric imaging sonar systems under the Echoscope, Echoscope PIPE, and Echoscope PIPE NANO Gen Series brands, as well as the Diver Augmented Vision Display (DAVD) system, digital audio communication systems, GNSS-aided inertial navigation systems, and geophysical hardware and software solutions. These products are used in underwater construction, offshore renewables, oil and gas, complex mapping, salvage operations, defense, robotics, autonomous underwater vehicles, marine sciences, and port security. The Acoustic Sensors and Materials Business provides acoustic sensors, hydrophones, innovative acoustic materials, and calibration services, such as the medical, subsea, defense, and research sectors, with a focus on medical imaging and non-destructive testing. The Defense Engineering Services Business designs, manufactures, and supplies embedded solutions and sub-assemblies for integration into mission-critical defense systems, supporting programs such as Raytheon's Close-In Weapon Support and Northrop Grumman's Mine Hunting System. Coda Octopus Group, Inc. was founded in 1994 and is headquartered in Orlando, Florida.
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