Codexis Inc. [CDXS] stock is trading at $3.26, up 12.41%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CDXS shares have gain 13.19% over the last week, with a monthly amount drifted -0.61%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on May 30, 2024, and set its price target to $11. On February 29, 2024, upgrade upgraded it’s rating to Buy. The Benchmark Company downgraded its rating to a Hold. TD Cowen downgraded its rating to a Market Perform and reduced its price target to $4 on August 07, 2023. H.C. Wainwright downgraded its rating to Neutral for this stock on May 09, 2023.
Codexis Inc. [CDXS] stock has fluctuated between $1.45 and $4.91 over the past year. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Codexis Inc. [NASDAQ: CDXS] shares were valued at $3.26 at the most recent close of the market. An investor can expect a potential return of 237.42% based on the average CDXS price forecast.
Analyzing the CDXS fundamentals
Codexis Inc. [NASDAQ:CDXS] reported sales of 74.23M for the trailing twelve months, which represents a growth of 31.51%. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at -0.76%, Pretax Profit Margin comes in at -0.88%, and Net Profit Margin reading is -0.88%. To continue investigating profitability, this company’s Return on Assets is posted at -0.44, Equity is -0.68 and Total Capital is -0.47. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.4.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.08 points at the first support level, and at 2.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.39, and for the 2nd resistance point, it is at 3.51.
Ratios To Look Out For
For context, Codexis Inc.’s Current Ratio is 3.71. As well, the Quick Ratio is 3.63, while the Cash Ratio is 2.01. Considering the valuation of this stock, the price to sales ratio is 3.10, the price to book ratio is 2.90.
Transactions by insiders
Recent insider trading involved Dorgan Byron L, Director, that happened on Nov 15 ’23 when 20000.0 shares were sold. Chief Operating Officer, Norrett Kevin completed a deal on Sep 11 ’23 to buy 9000.0 shares. Meanwhile, DILLY STEPHEN GEORGE bought 58479.0 shares on Sep 08 ’23.
