Codexis Inc. [CDXS] stock prices are down -3.43% to $3.10 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CDXS shares have gain 11.51% over the last week, with a monthly amount glided 3.33%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Codexis Inc. [NASDAQ: CDXS] stock has seen the most recent analyst activity on August 19, 2024, when The Benchmark Company downgraded its rating to a Hold. On May 30, 2024, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $11 on the stock. The Benchmark Company upgraded its rating to a Buy. The Benchmark Company downgraded its rating to a Hold. TD Cowen downgraded its rating to Market Perform for this stock on August 07, 2023, and downed its price target to $4. In a note dated May 09, 2023, H.C. Wainwright downgraded an Neutral rating on this stock.
The stock price of Codexis Inc. [CDXS] has been fluctuating 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 $3.10 at the most recent close of the market. An investor can expect a potential return of 254.84% based on the average CDXS price forecast.
Analyzing the CDXS fundamentals
The Codexis Inc. [NASDAQ:CDXS] reported sales of 60.89M for trailing twelve months, representing a drop of -62.58%. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at -1.09%, Pretax Profit Margin comes in at -1.25%, and Net Profit Margin reading is -1.25%. To continue investigating profitability, this company’s Return on Assets is posted at -0.58, Equity is -0.96 and Total Capital is -0.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.53.
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 3.05 points at the first support level, and at 2.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.19, and for the 2nd resistance point, it is at 3.27.
Ratios To Look Out For
It’s worth pointing out that Codexis Inc. [NASDAQ:CDXS]’s Current Ratio is 2.99. On the other hand, the Quick Ratio is 2.92, and the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 3.61, the price to book ratio is 3.58.
Transactions by insiders
Recent insider trading involved Opaleye Management Inc., 10% Owner, that happened on Sep 18 ’24 when 61000.0 shares were purchased. Director, Dorgan Byron L completed a deal on Nov 15 ’23 to sell 20000.0 shares.
