During the last session, Codexis Inc (NASDAQ:CDXS)’s traded shares were 1.53 million, with the beta value of the company hitting 2.38. The 52-week high for the CDXS share is $6.08, that puts it down -122.71 from that peak though still a striking 9.16% gain since the share price plummeted to a 52-week low of $2.48. The company’s market capitalization is $226.15M, and the average trade volume was 795.89K 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 -0.18.
Codexis Inc (NASDAQ:CDXS) trade information
The stock’s 5-day price performance is -30.53%, and it has moved by -38.65% in 30 days. Based on these gigs, the overall price performance for the year is -35.08%.
The consensus price target of analysts on Wall Street is $11, which implies an increase of 75.18% 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 -302.93% off the target high and -302.93% off the low.
Codexis Inc (CDXS) estimates and forecasts
In the rating firms’ projections, revenue will increase 10.41% 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 11.77M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 14.69M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 17.07M and 7.98M respectively. In this case, analysts expect current quarter sales to shrink by -31.07% and then jump by 84.09% 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 -33.31%. While earnings are projected to return 18.46% in 2025, the next five years will return 38.21% per annum.
CDXS Dividends
Codexis Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 4.45 million shares, is of FMR LLC’s that is approximately 6.3165% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $13.78 million.
