Codexis Inc. (NASDAQ: CDXS) is 16.63% higher on its value in year-to-date trading and has touched a low of $9.89 and a high of $29.56 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CDXS stock was last observed hovering at around $25.06 in the last trading session, with the day’s gains setting it 0.4% off its average median price target of $26.00 for the next 12 months. It is also 15.13% off the consensus price target high of $30.00 offered by 7 analysts, but current levels are -10.7% lower than the price target low of $23.00 for the same period.
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Currently trading at $25.46, the stock is 18.79% and 8.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing 1.60% at the moment leaves the stock 48.65% off its SMA200. CDXS registered 159.80% gain for a year compared to 6-month gain of 117.61%. The firm has a 50-day simple moving average (SMA 50) of $21.99 and a 200-day simple moving average (SMA200) of $19.35.
The stock witnessed a 30.50% loss in the last 1 month and extending the period to 3 months gives it a 18.81%, and is 29.30% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.23% over the week and 8.09% over the month.
Codexis Inc. (CDXS) has around 181 employees, a market worth around $1.54B and $69.10M in sales. Profit margin for the company is -34.80%. Distance from 52-week low is 157.43% and -13.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.30%).
Codexis Inc. (CDXS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Codexis Inc. (CDXS) is a “Buy”. 7 analysts offering their recommendations for the stock have an average rating of 1.60, where 0 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Codexis Inc. is expected to release its quarterly report on 08/10/2021 and quarterly earnings per share for the current quarter are estimated at -$0.2 with sales reaching $14.85M over the same period.The EPS is expected to shrink by -91.60% this year, but quarterly earnings will post 20.50% year-over-year. Quarterly sales are estimated to grow 1.20% in year-over-year returns.
Codexis Inc. (CDXS) Top Institutional Holders
209 institutions hold shares in Codexis Inc. (CDXS), with 1.99M shares held by insiders accounting for 3.10% while institutional investors hold 97.90% of the company’s shares. The shares outstanding are 60.49M, and float is at 53.07M with Short Float at 10.99%. Institutions hold 94.87% of the Float.
The top institutional shareholder in the company is Baillie Gifford and Company with over 5.8 million shares valued at $126.51 million. The investor’s holdings represent 9.00% of the CDXS Shares outstanding. As of Dec 30, 2020, the second largest holder is Nantahala Capital Management, LLC with 5.0 million shares valued at $109.16 million to account for 7.76% of the shares outstanding. The other top investors are Blackrock Inc. which holds 4.7 million shares representing 7.30% and valued at over $102.6 million, while Casdin Capital, LLC holds 6.72% of the shares totaling 4.33 million with a market value of $94.52 million.
Codexis Inc. (CDXS) Insider Activity
A total of 20 insider transactions have happened at Codexis Inc. (CDXS) in the last six months, with sales accounting for 12 and purchases happening 8 times. The most recent transaction is an insider sale by WOLF DENNIS P ,the company’sDirector. SEC filings show that WOLF DENNIS P sold 10,000 shares of the company’s common stock on Mar 25 at a price of $20.44 per share for a total of $0.2 million. Following the sale, the insider now owns 41129.0 shares.
Codexis Inc. disclosed in a document filed with the SEC on Mar 08 that KELLEY BERNARD J (Director) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Mar 08 and was made at $18.72 per share for $0.37 million. Following the transaction, the insider now directly holds 0.21 million shares of the CDXS stock.
Still, SEC filings show that on Jan 21, KELLEY BERNARD J (Director) disposed off 2,500 shares at an average price of $24.98 for $62439.0. The insider now directly holds 208,636 shares of Codexis Inc. (CDXS).
Codexis Inc. (CDXS): Who are the competitors?
The company’s main competitors (and peers) include Balchem Corporation (BCPC) that is trading 32.65% up over the past 12 months and Pfizer Inc. (PFE) that is 13.08% higher over the same period. Short interest in the company’s stock has risen 19.04% from the last report on Feb 11, 2021 to stand at a total of 4.72 million short shares sold with a short interest ratio of 7.8.