Will Optical Cable Corporation (OCC) Stock Stay Stinky?

Optical Cable Corporation (NASDAQ:OCC) stock enjoyed an overall uptrend of 40.94% from the beginning of 2019. The closing share price quoted for February 19, 2019 was $5.37. The 3.07% rally might have been tempting for an investor to buy at this point.

A fresh roundup today notes that OCC stock has added around 128.51% of its value in the past 12 months, suggesting more investors have expressed joy over about in that time period. The stock registered its 52-week high of $6.4 on September 26 and its 52-week low of $2.35 on February 23. Currently, the shares are trading $1.68 above its YTD moving average of $3.69.

To help you decide whether it’s worth the wait (and the money), Optical Cable Corporation (NASDAQ:OCC) is currently trading at 16.63X the company’s trailing-12-month earnings per share, which represents a discount compared to the sector’s 1194.32X and comes in below its industry’s 17.48X. The most popular method for valuing a stock is to study the historic Price-to-Earnings (P/E) ratio using reported earnings for the past 12 months. The EPS number for this stock in the most recent four quarters of earnings stood at $0.32. P/E ratio is so popular because it’s simple, it’s effective, and, tautologically, because everyone uses it.

The 14-day Absolute ATR (Average True Range) on Tuesday, February 19 of 2019 shows that the price on average moves $0.34. The average daily volatility is 17% over the past week. Low volatility is good for the stock and it means we have calm and confident investors. If you check recent Optical Cable Corporation (OCC) volume, you will see that it has changed to 1.1 million shares versus the average daily volume of 21.69 million shares.

When you look at the daily chart for OCC, you will observe the stock held 51.27% gains in the 6-month period and maintains 128.51% distance from its most recent low. The past 5-day performance for the share stays positive at 66.77% but up 48.66% from its three-week moving average. Comparing to 50-day SMA, Optical Cable Corporation shares price is now up 45.5%. It also closed 36.05% higher from its 200-day SMA. This is often seen as the last line of defense for long term trends to find support at, else be considered broken and/or in a bear market. The daily chart of the stock more clearly reveals the slide in prices as it closed Tuesday with a 1-month performance at 51.27%.