During the last session, Codexis Inc. (NASDAQ:CDXS)’s traded shares were 0.36 million, with the beta value of the company hitting 2.08. At the end of the trading day, the stock’s price was $3.15, reflecting an intraday gain of 6.06% or $0.18. The 52-week high for the CDXS share is $4.91, that puts it down -55.87 from that peak though still a striking 52.06% gain since the share price plummeted to a 52-week low of $1.51. The company’s market capitalization is $223.43M, and the average intraday trading volume over the past 10 days was 0.42 million shares, and the average trade volume was 570.75K shares over the past three months.
Codexis Inc. (CDXS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. CDXS has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.24.
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Codexis Inc. (NASDAQ:CDXS) trade information
Codexis Inc. (CDXS) registered a 6.06% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 6.06% in intraday trading to $3.15, hitting a weekly high. The stock’s 5-day price performance is -0.32%, and it has moved by 15.38% in 30 days. Based on these gigs, the overall price performance for the year is 52.91%. The short interest in Codexis Inc. (NASDAQ:CDXS) is 2.26 million shares and it means that shorts have 2.42 day(s) to cover.
The consensus price target of analysts on Wall Street is $11, which implies an increase of 71.36% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11 and $11 respectively. As a result, CDXS is trading at a discount of -249.21% off the target high and -249.21% off the low.
Codexis Inc. (CDXS) estimates and forecasts
Statistics show that Codexis Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Codexis Inc. (CDXS) shares have gone up 9.76% during the last six months, with a year-to-date growth rate more than the industry average at 33.04% against 17.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 52.00% this quarter and then jump 60.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -7.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 11.48M as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 28.21M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -39.95%. While earnings are projected to return 32.25% in 2024, the next five years will return 15.00% per annum.
CDXS Dividends
Codexis Inc. is due to release its next quarterly earnings on 2024-Oct-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Codexis Inc. (NASDAQ:CDXS)’s Major holders
Codexis Inc. insiders own 2.34% of total outstanding shares while institutional holders control 92.24%, with the float percentage being 94.45%. BLACKROCK INC. is the largest shareholder of the company, while 166.0 institutions own stock in it. As of 2024-06-30, the company held over 6.79 million shares (or 9.7194% of all shares), a total value of $21.05 million in shares.
The next largest institutional holding, with 4.45 million shares, is of FMR LLC’s that is approximately 6.3637% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $13.78 million.
Also, the Mutual Funds coming in first place with the largest holdings of Codexis Inc. (CDXS) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.08 shares. This amounts to just over 2.93 percent of the company’s overall shares, with a $6.54 million market value. The same data shows that the other fund manager holds slightly less at 1.88, or about 2.66% of the stock, which is worth about $5.93 million.
