In last trading session, Codexis Inc (NASDAQ:CDXS) saw 1.34 million shares changing hands with its beta currently measuring 2.15. Company’s recent per share price level of $5.19 trading at -$0.44 or -7.82% at ring of the bell on the day assigns it a market valuation of $422.35M. That closing price of CDXS’s stock is at a discount of -17.15% from its 52-week high price of $6.08 and is indicating a premium of 51.25% from its 52-week low price of $2.53. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.85 million shares which gives us an average trading volume of 719.77K if we extend that period to 3-months.
For Codexis Inc (CDXS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.02 in the current quarter.
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Codexis Inc (NASDAQ:CDXS) trade information
Upright in the red during last session for losing -7.82%, in the last five days CDXS remained trading in the red while hitting it’s week-highest on Tuesday, 12/17/24 when the stock touched $5.19 price level, adding 13.64% to its value on the day. Codexis Inc’s shares saw a change of 70.16% in year-to-date performance and have moved -10.67% in past 5-day. Codexis Inc (NASDAQ:CDXS) showed a performance of 32.06% in past 30-days. Number of shares sold short was 1.72 million shares which calculate 2.56 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 11 to the stock, which implies a rise of 52.82% to its current value. Analysts have been projecting 11 as a low price target for the stock while placing it at a high target of 11. It follows that stock’s current price would drop -111.95% in reaching the projected high whereas dropping to the targeted low would mean a loss of -111.95% for stock’s current value.
Codexis Inc (CDXS) estimates and forecasts
Statistics highlight that Codexis Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 84.70% of value to its shares in past 6 months, showing an annual growth rate of 31.25% while that of industry is 17.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -6.92% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 27.41M for the same. And 5 analysts are in estimates of company making revenue of 13.98M in the next quarter. Company posted 26.56M and 17.07M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -39.95% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 29.13% while estimates for its earnings growth in next 5 years are of 15.00%.
Codexis Inc (NASDAQ:CDXS)’s Major holders
Insiders are in possession of 2.22% of company’s total shares while institution are holding 79.79 percent of that, with stock having share float percentage of 81.60%. Investors also watch the number of corporate investors in a company very closely, which is 79.79% institutions for Codexis Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at CDXS for having 6.79 million shares of worth $21.05 million. And as of 2024-06-30, it was holding 9.7194 of the company’s outstanding shares.
The second largest institutional holder is FMR LLC, which was holding about 4.45 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.3637 of outstanding shares, having a total worth of $13.78 million.
