During the last session, Codexis Inc (NASDAQ:CDXS)’s traded shares were 0.8 million, with the beta value of the company hitting 2.15. At the end of the trading day, the stock’s price was $5.53, reflecting an intraday loss of -1.78% or -$0.1. The 52-week high for the CDXS share is $6.08, that puts it down -9.95 from that peak though still a striking 66.55% gain since the share price plummeted to a 52-week low of $1.85. The company’s market capitalization is $450.02M, and the average intraday trading volume over the past 10 days was 0.77 million shares, and the average trade volume was 757.00K 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 -0.02.
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Codexis Inc (NASDAQ:CDXS) trade information
Codexis Inc (CDXS) registered a -1.78% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.78% in intraday trading to $5.53, hitting a weekly high. The stock’s 5-day price performance is 16.91%, and it has moved by 36.88% in 30 days. Based on these gigs, the overall price performance for the year is 164.59%. The short interest in Codexis Inc (NASDAQ:CDXS) is 1.72 million shares and it means that shorts have 2.56 day(s) to cover.
The consensus price target of analysts on Wall Street is $11, which implies an increase of 49.73% 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 -98.92% off the target high and -98.92% 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 81.31% during the last six months, with a year-to-date growth rate more than the industry average at 31.25% against 17.10. In the rating firms’ projections, revenue will decrease -6.92% 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 27.41M as predicted by 8 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 13.98M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 26.56M and 17.07M respectively. In this case, analysts expect current quarter sales to grow by 3.20% and then drop by -18.09% in the coming quarter.
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 29.13% in 2024, the next five years will return 15.00% per annum.
CDXS Dividends
Codexis Inc is due to release its next quarterly earnings in January. 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 2.22% of total outstanding shares while institutional holders control 79.83%, with the float percentage being 81.65%. BLACKROCK INC. is the largest shareholder of the company, while 162.0 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 Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.08 shares. This amounts to just over 2.55 percent of the company’s overall shares, with a $11.48 million market value. The same data shows that the other fund manager holds slightly less at 1.83, or about 2.25% of the stock, which is worth about $10.13 million.
