Optical Stock Today

OCC
 Stock
  

USD 3.40  0.21  5.82%   

Market Performance
0 of 100
Odds Of Distress
Less than 38
Optical Cable is trading at 3.40 as of the 3rd of July 2022, a -5.82 percent decrease since the beginning of the trading day. The stock's open price was 3.61. Optical Cable has about a 38 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Optical Cable Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 13th of July 2020 and ending today, the 3rd of July 2022. Click here to learn more.
CUSIP
683827109
Fiscal Year End
October
Business Domain
Technology Hardware & Equipment
IPO Date
2nd of April 1996
Category
Technology
Classification
Information Technology
ISIN
US6838272085
Optical Cable Corporation, together with its subsidiaries, manufactures and sells fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. Optical Cable Corporation was incorporated in 1983 and is headquartered in Roanoke, Virginia. The company has 7.87 M outstanding shares of which 7.54 K shares are now shorted by investors with about 0.8 days to cover. More on Optical Cable Corp

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Follow Valuation Odds of Bankruptcy
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Optical Cable Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Optical Cable's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Optical Cable or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Optical Cable Corp generated a negative expected return over the last 90 days
Optical Cable Corp has high historical volatility and very poor performance
Optical Cable Corp has about 138 K in cash with (273.35 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
Roughly 36.0% of the company outstanding shares are owned by corporate insiders
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CEOTeerada Ambhanwong
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Optical Cable's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyOvervalued
Optical Cable Corp (OCC) is traded on NASDAQ Exchange in USA and employs 322 people. The company currently falls under 'Micro-Cap' category with total capitalization of 28.42 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Optical Cable's market, we take the total number of its shares issued and multiply it by Optical Cable's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Optical Cable Corp runs under Technology sector within Communication Equipment industry. The entity has 7.87 M outstanding shares of which 7.54 K shares are now shorted by investors with about 0.8 days to cover. Optical Cable Corp has about 138 K in cash with (273.35 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
Check Optical Cable Probability Of Bankruptcy
Ownership
Optical Cable Corp has a total of 7.87 Million outstanding shares. Optical Cable has significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check Optical Ownership Details

Optical Stock Price Odds Analysis

What are Optical Cable's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Optical Cable jumping above the current price in 90 days from now is under 95%. The Optical Cable Corp probability density function shows the probability of Optical Cable stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Optical Cable has a beta of 0.7195. This indicates as returns on the market go up, Optical Cable average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Optical Cable Corp will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Optical Cable Corp is significantly underperforming DOW.
  Odds Below 3.4HorizonTargetOdds Above 3.4
5.59%90 days
 3.40 
94.37%
Based on a normal probability distribution, the odds of Optical Cable to move above the current price in 90 days from now is under 95 (This Optical Cable Corp probability density function shows the probability of Optical Stock to fall within a particular range of prices over 90 days) .

Optical Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Optical Cable that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Optical Cable's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Optical Cable's value.
InstituionSecurity TypeTotal SharesValue
Dimensional Fund Advisors LpCommon Shares343.4 K1.5 M
Vanguard Group IncCommon Shares194 K823 K
View Optical Cable Diagnostics

Optical Cable Corp Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Optical Cable market risk premium is the additional return an investor will receive from holding Optical Cable long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Optical Cable. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Optical Cable's alpha and beta are two of the key measurements used to evaluate Optical Cable's performance over the market, the standard measures of volatility play an important role as well.

Optical Stock Against Markets

Picking the right benchmark for Optical Cable stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Optical Cable stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Optical Cable is critical whether you are bullish or bearish towards Optical Cable Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Optical Cable without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Optical Cable Corporate Directors

Optical Cable corporate directors refer to members of an Optical Cable board of directors. The board of directors generally takes responsibility for the Optical Cable's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Optical Cable's board members must vote for the resolution. The Optical Cable board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Matthew Callahan - Non-Executive DirectorProfile
Lars Lidgren - Non-Executive DirectorProfile
Manu Leelanuwatana - DirectorProfile
Rattana Wonglertwit - Managing Director of Corporate OfficeProfile

Investing Optical Cable Corp

You need to understand the risk of investing before taking a position in Optical Cable. The danger of trading Optical Cable Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Optical Cable is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Optical Cable. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Optical Cable Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. Note that the Optical Cable Corp information on this page should be used as a complementary analysis to other Optical Cable's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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When running Optical Cable Corp price analysis, check to measure Optical Cable's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Optical Cable is operating at the current time. Most of Optical Cable's value examination focuses on studying past and present price action to predict the probability of Optical Cable's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Optical Cable's price. Additionally, you may evaluate how the addition of Optical Cable to your portfolios can decrease your overall portfolio volatility.
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Is Optical Cable's industry 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.
Market Capitalization
26.8 M
Quarterly Revenue Growth YOY
0.093
Return On Assets
-0.0153
Return On Equity
0.22
The market value of Optical Cable Corp 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 Optical Cable value 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.