How to buy Optical Cable Corporation stock | $4.08

Optical Cable Corporation is a communication equipment business based in the US. Optical Cable Corporation shares (OCC) are listed on the NASDAQ and all prices are listed in US Dollars. Optical Cable Corporation employs 317 staff and has a trailing 12-month revenue of around 0.00.

Optical Cable Corporation stock price (NASDAQ: OCC)

Use our graph to track the performance of OCC stocks over time.

Optical Cable Corporation shares at a glance

• Key figures

Information last updated 2021-10-16.

Latest market close	$4.08
52-week range	$2.52 - $4.69
50-day moving average	$3.66
200-day moving average	$3.66
Wall St. target price	N/A
PE ratio	4.608
Dividend yield	$0.02 (0.52%)
Earnings per share (TTM)	$0.83

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Is it a good time to buy Optical Cable Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Optical Cable Corporation price performance over time

Historical closes compared with the close of $4.08 from 2021-10-21

1 week (2021-10-15)	6.81%
1 month (2021-09-23)	11.17%
3 months (2021-07-23)	-2.86%
6 months (2021-04-23)	18.95%

1 year (2020-10-23)	35.10%
2 years (2019-10-23)	36.69%
3 years (2018-10-23)	5.44
5 years (2016-10-21)	36.00%

Is Optical Cable Corporation under- or over-valued?

Valuing Optical Cable Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Optical Cable Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Optical Cable Corporation's P/E ratio

Optical Cable Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 5x. In other words, Optical Cable Corporation shares trade at around 5x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Optical Cable Corporation financials

Revenue TTM	$57.1 million
Gross profit TTM	$14.1 million
Return on assets TTM	-3.98%
Return on equity TTM	32.93%
Profit margin	10.87%
Book value	$2.92
Market capitalisation	$28.9 million

TTM: trailing 12 months

Shorting Optical Cable Corporation shares

There are currently 13,566 Optical Cable Corporation shares held short by investors – that's known as Optical Cable Corporation's "short interest". This figure is 34.2% down from 20,618 last month.

There are a few different ways that this level of interest in shorting Optical Cable Corporation shares can be evaluated.

Optical Cable Corporation's "short interest ratio" (SIR)

Optical Cable Corporation's "short interest ratio" (SIR) is the quantity of Optical Cable Corporation shares currently shorted divided by the average quantity of Optical Cable Corporation shares traded daily (recently around 22610). Optical Cable Corporation's SIR currently stands at 0.6. In other words for every 100,000 Optical Cable Corporation shares traded daily on the market, roughly 600 shares are currently held short.

However Optical Cable Corporation's short interest can also be evaluated against the total number of Optical Cable Corporation shares, or, against the total number of tradable Optical Cable Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Optical Cable Corporation's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Optical Cable Corporation shares in existence, roughly 0 shares are currently held short) or 0.0029% of the tradable shares (for every 100,000 tradable Optical Cable Corporation shares, roughly 3 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Optical Cable Corporation.

Find out more about how you can short Optical Cable Corporation stock.

Optical Cable Corporation share dividends

We're not expecting Optical Cable Corporation to pay a dividend over the next 12 months.

Have Optical Cable Corporation's shares ever split?

Optical Cable Corporation's shares were split on a 1:8 basis on 30 July 2002. So if you had owned 8 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Optical Cable Corporation shares – just the quantity. However, indirectly, the new 700% higher share price could have impacted the market appetite for Optical Cable Corporation shares which in turn could have impacted Optical Cable Corporation's share price.

Optical Cable Corporation share price volatility

Over the last 12 months, Optical Cable Corporation's shares have ranged in value from as little as $2.52 up to $4.69. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Optical Cable Corporation's is 0.5201. This would suggest that Optical Cable Corporation's shares are less volatile than average (for this exchange).

Optical Cable Corporation overview

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. The company provides fiber optic and hybrid cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair constructions. It also offers fiber optic connectivity products, including fiber optic wall mounts, cabinet mount and rack mount enclosures, pre-terminated fiber optic enclosures, fiber optic connectors, splice trays, fiber optic jumpers, plug and play cassette modules, pre-terminated fiber optic cable assemblies, adapters, and accessories. In addition, the company provides copper connectivity products comprising category compliant patch panels, jacks, plugs, patch cords, faceplates, surface mounted boxes, distribution and multi-media boxes, copper rack mount and wall mount enclosures, cable assemblies, cable organizers, and other wiring products for equipment rooms, telecommunications closets, data centers, and workstation applications. Further, it offers network, data storage, and telecommunications management systems, such as data cabinets, wall mount enclosures, horizontal and vertical cable management systems, and open frame relay racks for enterprise and residential use; and datacom wiring products, such as various enclosures, modules, and modular outlets for single dwelling and multiple dwelling residential uses. Additionally, the company provides specialty fiber optic connectors and connectivity components, copper datacom connectors, and related systems and solutions for military, other harsh environment, and special applications. It sells its products to distributors, original equipment manufacturers, value-added resellers, and end-users.

Frequently asked questions

What percentage of Optical Cable Corporation is owned by insiders or institutions?
Currently 37.714% of Optical Cable Corporation shares are held by insiders and 12.545% by institutions. How many people work for Optical Cable Corporation?
Latest data suggests 317 work at Optical Cable Corporation. When does the fiscal year end for Optical Cable Corporation?
Optical Cable Corporation's fiscal year ends in October. Where is Optical Cable Corporation based?
Optical Cable Corporation's address is: 5290 Concourse Drive, Roanoke, VA, United States, 24019 What is Optical Cable Corporation's ISIN number?
Optical Cable Corporation's international securities identification number is: US6838272085 What is Optical Cable Corporation's CUSIP number?
Optical Cable Corporation's Committee on Uniform Securities Identification Procedures number is: 683827109