At the time of writing, Codexis Inc [CDXS] stock is trading at $3.50, up 11.46%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CDXS shares have gain 20.27% over the last week, with a monthly amount glided 12.90%, 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.
For the past year, the stock price of Codexis Inc fluctuated between $1.51 and $4.91. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Codexis Inc [NASDAQ: CDXS] shares were valued at $3.50 at the most recent close of the market. An investor can expect a potential return of 214.29% based on the average CDXS price forecast.
Analyzing the CDXS fundamentals
According to Codexis Inc [NASDAQ:CDXS], the company’s sales were 64.45M for trailing twelve months, which represents an 38.33% jump. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at -0.79%, Pretax Profit Margin comes in at -0.96%, and Net Profit Margin reading is -0.96%. To continue investigating profitability, this company’s Return on Assets is posted at -3.74, Equity is -0.83 and Total Capital is 2.74. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.57.
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 3.28 points at the first support level, and at 3.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.73, and for the 2nd resistance point, it is at 3.96.
Ratios To Look Out For
It is important to note that Codexis Inc [NASDAQ:CDXS] has a current ratio of 3.21. Also, the Quick Ratio is 3.15, while the Cash Ratio stands at 1.07. Considering the valuation of this stock, the price to sales ratio is 4.93, the price to book ratio is 3.88.
Transactions by insiders
Recent insider trading involved Opaleye Management Inc., 10% Owner, that happened on Oct 25 ’24 when 25000.0 shares were purchased. 10% Owner, Opaleye Management Inc. completed a deal on Sep 24 ’24 to buy 80000.0 shares. Meanwhile, 10% Owner Opaleye Management Inc. bought 5000.0 shares on Sep 25 ’24.
