Codexis Inc. [CDXS] stock is trading at $3.08, down -4.64%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CDXS shares have gain 5.48% over the last week, with a monthly amount glided 6.21%, 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.
Codexis Inc. [CDXS] stock has fluctuated between $1.51 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 $3.08 at the most recent close of the market. An investor can expect a potential return of 257.14% based on the average CDXS price forecast.
Analyzing the CDXS fundamentals
Codexis Inc. [NASDAQ:CDXS] reported sales of 60.89M for the trailing twelve months, which represents 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.53.
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 2.99 points at the first support level, and at 2.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.23, and for the 2nd resistance point, it is at 3.39.
Ratios To Look Out For
For context, Codexis Inc.’s Current Ratio is 2.99. In addition, the Quick Ratio stands at 2.92 and the Cash Ratio stands at 0.63. Considering the valuation of this stock, the price to sales ratio is 3.59, the price to book ratio is 3.55.
Transactions by insiders
Recent insider trading involved Opaleye Management Inc., 10% Owner, that happened on Sep 24 ’24 when 80000.0 shares were purchased. 10% Owner, Opaleye Management Inc. completed a deal on Sep 25 ’24 to buy 5000.0 shares. Meanwhile, 10% Owner Opaleye Management Inc. bought 1.05 million shares on Sep 20 ’24.
