Codexis Inc (NASDAQ:CDXS)’s traded shares stood at 0.36 million during the last session, with the company’s beta value hitting 2.16. At the close of trading, the stock’s price was $4.73, to imply an increase of 2.16% or $0.1 in intraday trading. The CDXS share’s 52-week high remains $4.99, putting it -5.5% down since that peak but still an impressive 60.89% since price per share fell to its 52-week low of $1.85. The company has a valuation of $384.92M, with an average of 0.52 million shares in intraday trading volume over the past 10 days and average of 694.35K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Codexis Inc (CDXS), translating to a mean rating of 1.50. Of 3 analyst(s) looking at the stock, 0 analyst(s) give CDXS a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.02.
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Codexis Inc (NASDAQ:CDXS) trade information
After registering a 2.16% upside in the last session, Codexis Inc (CDXS) has traded red over the past five days. The 5-day price performance for the stock is 3.28%, and 17.96% over 30 days. With these gigs, the year-to-date price performance is 55.08%. Short interest in Codexis Inc (NASDAQ:CDXS) saw shorts transact 1.68 million shares and set a 2.74 days time to cover.
The extremes give us $11 and $11 for target low and target high price respectively. As such, CDXS has been trading -132.56% off suggested target high and -132.56% from its likely low.
Codexis Inc (CDXS) estimates and forecasts
Looking at statistics comparing Codexis Inc share performance against respective industry, we note that the company has outperformed competitors. Codexis Inc (CDXS) shares are 45.09% up over the last 6 months, with its year-to-date growth rate higher than industry average at 31.25% against 17.50%. The rating firms project that company’s revenue will shrink -6.92% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 27.41M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 13.98M.Earnings reports from the last fiscal year show that sales brought in 26.56M and 17.07M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 3.20% before dropping -18.09% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -39.95% for the past 5-year period. While 2024 is set for a 29.13% return in earnings, projections for the next 5 years are at 15.00% annually.
CDXS Dividends
Codexis Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Codexis Inc (NASDAQ:CDXS)’s Major holders
Codexis Inc insiders hold 2.22% of total outstanding shares, with institutional holders owning 79.83% of the shares at 81.65% float percentage. In total, 79.83% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 6.79 million shares (or 9.7194% of shares), all amounting to roughly $21.05 million.
The next major institution holding the largest number of shares is FMR LLC with 4.45 million shares, or about 6.3637% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $13.78 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Codexis Inc (CDXS) shares. Going by data provided on Sep 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 2.08 shares. This is just over 2.55% of the total shares, with a market valuation of $9.82 million. Data from the same date shows that the other fund manager holds a little less at 1.83, or 2.25% of the shares, all valued at about 8.66 million.
