Optical Cable Net Income vs. Number Of Shares Shorted

OCC Stock  USD 2.14  0.03  1.38%   
Based on the measurements of profitability obtained from Optical Cable's financial statements, Optical Cable's profitability may be sliding down. It has an above-average probability of reporting lower numbers next quarter. Profitability indicators assess Optical Cable's ability to earn profits and add value for shareholders.
 
Net Income  
First Reported
1996-04-30
Previous Quarter
-1.6 M
Current Value
-1.6 M
Quarterly Volatility
1.6 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
At present, Optical Cable's Days Of Sales Outstanding is projected to slightly decrease based on the last few years of reporting. At present, Optical Cable's Net Income is projected to decrease significantly based on the last few years of reporting. The current year's Net Income From Continuing Ops is expected to grow to about 2.5 M, whereas Operating Income is forecasted to decline to about 849.1 K.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.40.36
Moderately Up
Slightly volatile
For Optical Cable profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Optical Cable to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Optical Cable utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Optical Cable's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Optical Cable over time as well as its relative position and ranking within its peers.
  
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For information on how to trade Optical Stock refer to our How to Trade Optical Stock guide.
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.
Please note, there is a significant difference between Optical Cable's value and its price as these two are different measures arrived at by different 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.

Optical Cable Number Of Shares Shorted vs. Net Income Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Optical Cable's current stock value. Our valuation model uses many indicators to compare Optical Cable value to that of its competitors to determine the firm's financial worth.
Optical Cable is rated below average in net income category among its peers. It is rated below average in number of shares shorted category among its peers . The ratio of Net Income to Number Of Shares Shorted for Optical Cable is about  208.48 . At present, Optical Cable's Net Income is projected to decrease significantly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Optical Cable's earnings, one of the primary drivers of an investment's value.

Optical Number Of Shares Shorted vs. Net Income

Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Optical Cable

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
2.07 M
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

Optical Cable

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
9.91 K
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.

Optical Number Of Shares Shorted Comparison

Optical Cable is currently under evaluation in number of shares shorted category among its peers.

Optical Cable Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Optical Cable, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Optical Cable will eventually generate negative long term returns. The profitability progress is the general direction of Optical Cable's change in net profit over the period of time. It can combine multiple indicators of Optical Cable, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Operating Income893.8 K849.1 K
Income Before TaxM1.5 M
Total Other Income Expense Net1.4 M1.5 M
Net Income1.9 MM
Income Tax Expense131.2 K124.6 K
Net Loss-312.4 K-296.8 K
Net Income From Continuing Ops2.4 M2.5 M
Non Operating Income Net Other(276.30)(262.48)
Interest Income599.3 K596.9 K
Net Interest Income-1 M-1.1 M
Change To Netincome398.1 K483 K
Net Income Per Share 0.30  0.32 
Income Quality(0.22)(0.21)
Net Income Per E B T 0.84  0.69 

Optical Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Optical Cable. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Optical Cable position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Optical Cable's important profitability drivers and their relationship over time.

Use Optical Cable in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Optical Cable position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Optical Cable will appreciate offsetting losses from the drop in the long position's value.

Optical Cable Pair Trading

Optical Cable Pair Trading Analysis

The ability to find closely correlated positions to Optical Cable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Optical Cable when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Optical Cable - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Optical Cable to buy it.
The correlation of Optical Cable is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Optical Cable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Optical Cable moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Optical Cable can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Optical Cable position

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When determining whether Optical Cable offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Optical Cable's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Optical Cable Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Optical Cable Stock:
Check out Your Equity Center.
For information on how to trade Optical Stock refer to our How to Trade Optical Stock guide.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
To fully project Optical Cable's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Optical Cable at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Optical Cable's income statement, its balance sheet, and the statement of cash flows.
Potential Optical Cable investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Optical Cable investors may work on each financial statement separately, they are all related. The changes in Optical Cable's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Optical Cable's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.