Is Optical Cable Stock a Good Investment?
Optical Cable Investment Advice | OCC |
- Examine Optical Cable's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Optical Cable's leadership team and their track record. Good management can help Optical Cable navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Communications Equipment space and any emerging trends that could impact Optical Cable's business and its evolving consumer preferences.
- Compare Optical Cable's performance and market position to its competitors. Analyze how Optical Cable is positioned in terms of product offerings, innovation, and market share.
- Check if Optical Cable pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Optical Cable's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Optical Cable stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Optical Cable is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Risky | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine Optical Cable Stock
Researching Optical Cable's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 35.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.94. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Optical Cable recorded a loss per share of 0.75. The entity last dividend was issued on the 28th of October 2015. The firm had 1:8 split on the 31st of July 2002.
To determine if Optical Cable is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Optical Cable's research are outlined below:
| Optical Cable generated a negative expected return over the last 90 days | |
| Optical Cable has about 192.29 K in cash with (395.68 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Optical Cable has a poor financial position based on the latest SEC disclosures | |
| Roughly 35.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from oilprice.com: Why the Latest Baltic Sea Cable Evidence Has Wider Implications |
Optical Cable Quarterly Liabilities And Stockholders Equity |
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Optical Cable uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Optical Cable. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Optical Cable's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 11th of March 2024 Upcoming Quarterly Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View |
Know Optical Cable's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Optical Cable is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Optical Cable backward and forwards among themselves. Optical Cable's institutional investor refers to the entity that pools money to purchase Optical Cable's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Hilltop Holdings Inc | 2024-06-30 | 15.3 K | Blackrock Inc | 2024-06-30 | 10.8 K | Tower Research Capital Llc | 2024-06-30 | 3.4 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 3.4 K | Wells Fargo & Co | 2024-06-30 | 1000 | Bank Of America Corp | 2024-06-30 | 45.0 | Advisor Group Holdings, Inc. | 2024-06-30 | 25.0 | Jpmorgan Chase & Co | 2024-06-30 | 13.0 | Fmr Inc | 2024-09-30 | 0.0 | Dimensional Fund Advisors, Inc. | 2024-09-30 | 308.8 K | Vanguard Group Inc | 2024-09-30 | 223.3 K |
Optical Cable's market capitalization trends
The company currently falls under 'Micro-Cap' category with a total capitalization of 19.52 M.Market Cap |
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Optical Cable's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.05 | 0.03 | |
| Return On Capital Employed | 0.03 | 0.03 | |
| Return On Assets | 0.05 | 0.03 | |
| Return On Equity | 0.10 | 0.10 |
Determining Optical Cable's profitability involves analyzing its financial statements and using various financial metrics to determine if Optical Cable is a good buy. For example, gross profit margin measures Optical Cable's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Optical Cable's profitability and make more informed investment decisions.
Please note, the presentation of Optical Cable's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Optical Cable's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Optical Cable's management manipulating its earnings.
Evaluate Optical Cable's management efficiency
Optical Cable has Return on Asset of (0.0801) % which means that on every $100 spent on assets, it lost $0.0801. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.2533) %, meaning that it generated no profit with money invested by stockholders. Optical Cable's management efficiency ratios could be used to measure how well Optical Cable manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Equity is expected to grow to 0.10, whereas Return On Tangible Assets are forecasted to decline to 0.03. At present, Optical Cable's Other Current Assets are projected to decrease significantly based on the last few years of reporting. The current year's Intangible Assets is expected to grow to about 552.7 K, whereas Total Assets are forecasted to decline to about 44.8 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 3.61 | 4.68 | |
| Tangible Book Value Per Share | 3.53 | 4.57 | |
| Enterprise Value Over EBITDA | 8.24 | 12.31 | |
| Price Book Value Ratio | 0.99 | 0.94 | |
| Enterprise Value Multiple | 8.24 | 12.31 | |
| Price Fair Value | 0.99 | 0.94 | |
| Enterprise Value | 35.5 M | 33.8 M |
Optical Cable showcases strong leadership that adapts to market changes and drives innovation. Our analysis explores how this adaptability affects the stock's investment appeal.
Beta 0.465 |
Basic technical analysis of Optical Stock
As of the 30th of November, Optical Cable holds the Risk Adjusted Performance of (0.05), variance of 6.49, and Coefficient Of Variation of (1,415). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Optical Cable, as well as the relationship between them.Optical Cable's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Optical Cable insiders, such as employees or executives, is commonly permitted as long as it does not rely on Optical Cable's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Optical Cable insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Optical Cable's Outstanding Corporate Bonds
Optical Cable issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Optical Cable uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Optical bonds can be classified according to their maturity, which is the date when Optical Cable has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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| ORACLE P 65 Corp BondUS68389XAE58 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View |
Understand Optical Cable's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Optical Cable's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.82) | |||
| Mean Deviation | 1.9 | |||
| Coefficient Of Variation | (1,415) | |||
| Standard Deviation | 2.55 | |||
| Variance | 6.49 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (0.83) | |||
| Maximum Drawdown | 11.72 | |||
| Value At Risk | (4.40) | |||
| Potential Upside | 4.85 | |||
| Skewness | 0.4488 | |||
| Kurtosis | 0.3486 |
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.82) | |||
| Mean Deviation | 1.9 | |||
| Coefficient Of Variation | (1,415) | |||
| Standard Deviation | 2.55 | |||
| Variance | 6.49 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (0.83) | |||
| Maximum Drawdown | 11.72 | |||
| Value At Risk | (4.40) | |||
| Potential Upside | 4.85 | |||
| Skewness | 0.4488 | |||
| Kurtosis | 0.3486 |
Consider Optical Cable's intraday indicators
Optical Cable intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Optical Cable stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Optical Cable Corporate Filings
F4 | 9th of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 12th of September 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
10Q | 11th of September 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
| 21st of May 2024 Other Reports | ViewVerify |
Optical Stock media impact
Far too much social signal, news, headlines, and media speculation about Optical Cable that are available to investors today. That information is available publicly through Optical media outlets and privately through word of mouth or via Optical internal channels. However, regardless of the origin, that massive amount of Optical data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Optical Cable news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Optical Cable relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Optical Cable's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Optical Cable alpha.
Optical Cable Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Optical Cable can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Optical Cable Corporate Executives
Elected by the shareholders, the Optical Cable's board of directors comprises two types of representatives: Optical Cable inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Optical. The board's role is to monitor Optical Cable's management team and ensure that shareholders' interests are well served. Optical Cable's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Optical Cable's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tracy CPA | CFO VP | Profile | |
| Tracy Smith | CFO, Sr. VP and Corporate Secretary | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Optical Cable. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Optical Stock refer to our How to Trade Optical Stock guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Communications Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Optical Cable. If investors know Optical will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Optical Cable listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.75) | Revenue Per Share 8.284 | Quarterly Revenue Growth (0.04) | Return On Assets (0.08) | Return On Equity (0.25) |
The market value of Optical Cable is measured differently than its book value, which is the value of Optical that is recorded on the company's balance sheet. Investors also form their own opinion of Optical Cable's value that differs from its market value or its book value, called intrinsic value, which is Optical Cable's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Optical Cable's market value can be influenced by many factors that don't directly affect Optical Cable's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Optical Cable's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Optical Cable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Optical Cable's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.