In the last trading session, 1.04 million Codexis Inc (NASDAQ:CDXS) shares changed hands as the company’s beta touched 2.08. With the company’s per share price at $4.01 changed hands at -$0.1 or -2.43% during last session, the market valuation stood at $326.32M. CDXS’s last price was a discount, traded about -51.62% off its 52-week high of $6.08. The share price had its 52-week low at $2.56, which suggests the last value was 36.16% up since then.
Analysts gave the Codexis Inc (CDXS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended CDXS as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Codexis Inc’s EPS for the current quarter is expected to be -0.02.
Codexis Inc (NASDAQ:CDXS) trade information
Instantly CDXS was in red as seen at the end of in last trading. With action -8.66%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -15.93%, with the 5-day performance at -8.66% in the red. However, in the 30-day time frame, Codexis Inc (NASDAQ:CDXS) is -18.33% down.
The consensus price target for the stock as assigned by Wall Street analysts is 11, meaning bulls need an upside of 63.55% from its current market value. According to analyst projections, CDXS’s forecast low is 11 with 11 as the target high. To hit the forecast high, the stock’s price needs a -174.31% plunge from its current level, while the stock would need to soar -174.31% for it to hit the projected low.
Codexis Inc (CDXS) estimates and forecasts
Year-over-year growth is forecast to reach -6.92% down from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 27.41M. 5 analysts are of the opinion that Codexis Inc’s revenue for the current quarter will be 13.98M. The company’s revenue for the corresponding quarters a year ago was 26.56M and 17.07M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 3.20%. The estimates for the next quarter sales put growth at -18.09%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -39.95%. The 2025 estimates are for Codexis Inc earnings to increase by 29.13%, but the outlook for the next 5-year period is at 27.32% per year.
CDXS Dividends
Codexis Inc is expected to release its next quarterly earnings report in March.
FMR LLC holds the second largest percentage of outstanding shares, with 6.3165% or 4.45 million shares worth $13.78 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 2.08 shares estimated at $8.32 million under it, the former controlled 2.55% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.41% of the shares, roughly 1.97 shares worth around $7.88 million.
