Optical Cable Stock Price on April 30, 2024
| OCC Stock | USD 2.77 0.00 0.00% |
Below is the normalized historical share price chart for Optical Cable extending back to April 03, 1996. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Optical Cable stands at 2.77, as last reported on the 28th of May, with the highest price reaching 2.81 and the lowest price hitting 2.76 during the day.
If you're considering investing in Optical Stock, it is important to understand the factors that can impact its price. We consider Optical Cable risky. Optical Cable maintains Sharpe Ratio (i.e., Efficiency) of 0.0213, which implies the firm had a 0.0213% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Optical Cable, which you can use to evaluate the volatility of the company. Please check Optical Cable's Risk Adjusted Performance of 0.0292, semi deviation of 2.36, and Coefficient Of Variation of 2788.34 to confirm if the risk estimate we provide is consistent with the expected return of 0.0716%.
At present, Optical Cable's Common Stock is projected to increase significantly based on the last few years of reporting. The current year's Stock Based Compensation is expected to grow to about 867.7 K, whereas Common Stock Shares Outstanding is forecasted to decline to about 7.4 M. . As of May 28, 2024, Price To Sales Ratio is expected to decline to 0.32. In addition to that, Price Earnings Ratio is expected to decline to 10.22. Optical Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of April 1996 | 200 Day MA 2.8945 | 50 Day MA 2.8424 | Beta 0.494 |
Optical |
Sharpe Ratio = 0.0213
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| Cash | Small Risk | OCC | High Risk | Huge Risk |
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Estimated Market Risk
| 3.37 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Optical Cable is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Optical Cable by adding it to a well-diversified portfolio.
Price Book 0.9586 | Enterprise Value Ebitda 15.7989 | Price Sales 0.3256 | Shares Float 5.1 M | Earnings Share (0.02) |
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Optical Cable Valuation on April 30, 2024
It is possible to determine the worth of Optical Cable on a given historical date. On April 30, 2024 Optical was worth 2.83 at the beginning of the trading date compared to the closed value of 2.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Optical Cable stock. Still, in general, we apply an absolute valuation method to find Optical Cable's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Optical Cable where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Optical Cable's related companies.
| Open | High | Low | Close | Volume | |
| 3.03 | 3.03 | 2.82 | 2.86 | 2,779 | |
04/30/2024 | 2.83 | 2.83 | 2.75 | 2.80 | 4,087 |
| 2.80 | 2.88 | 2.79 | 2.79 | 5,519 |
| Backtest Optical Cable | | | Optical Cable History | | | Optical Cable Valuation | Previous | Next |
Optical Cable Trading Date Momentum on April 30, 2024
| On May 01 2024 Optical Cable was traded for 2.79 at the closing time. Highest Optical Cable's price during the trading hours was 2.88 and the lowest price during the day was 2.79 . The net volume was 5.5 K. The overall trading history on the 1st of May contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.36% . The trading delta at closing time to current price is 4.29% . |
Optical Cable Fundamentals Correlations and Trends
By evaluating Optical Cable's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Optical Cable's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Optical financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Optical Cable Stock history
Optical Cable investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Optical is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Optical Cable will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Optical Cable stock prices may prove useful in developing a viable investing in Optical Cable
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 9.1 M | 7.4 M | |
| Net Loss | -312.4 K | -296.8 K |
Optical Cable Quarterly Net Working Capital |
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Optical Cable Stock Technical Analysis
Optical Cable technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Optical Cable Period Price Range
Low | April 30, 2024
| High |
2.83 | 2.80 |
Optical Cable May 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Optical Cable stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Optical Cable shares will generate the highest return on investment. By undertsting and applying Optical Cable stock market strength indicators, traders can identify Optical Cable entry and exit signals to maximize returns
Optical Cable Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Optical Cable's price direction in advance. Along with the technical and fundamental analysis of Optical Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Optical to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0292 | |||
| Jensen Alpha | 0.1173 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0253 | |||
| Treynor Ratio | (0.60) |
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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 tightly coupled 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.Note that the Optical Cable 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 the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Optical Stock analysis
When running Optical Cable's 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 the 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.
Earnings Share (0.02) | Revenue Per Share 8.763 | Quarterly Revenue Growth (0.19) | Return On Assets (0.02) | Return On Equity (0.01) |
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.