214 institutions hold shares in Codexis Inc. (CDXS), with 1.99M shares held by insiders accounting for 3.09% while institutional investors hold 97.82% of the company’s shares. The shares outstanding are 60.49M, and float is at 53.09M with Short Float at 11.17%. Institutions hold 94.79% 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. (NASDAQ: CDXS) is 12.19% higher on its value in year-to-date trading and has touched a low of $10.28 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 $25.04 in the last trading session, with the day’s loss setting it -0.55% off its average median price target of $27.00 for the next 12 months. It is also 23.47% off the consensus price target high of $32.00 offered by 8 analysts, but current levels are -6.48% lower than the price target low of $23.00 for the same period.
Currently trading at $24.49, the stock is 3.28% and 7.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.22 million and changing -2.20% at the moment leaves the stock 35.45% off its SMA200. CDXS registered 112.96% gain for a year compared to 6-month gain of 69.89%. 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 18.31% loss in the last 1 month and extending the period to 3 months gives it a -1.01%, and is 6.99% 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 4.70% over the week and 5.81% over the month.
Codexis Inc. (CDXS) has around 181 employees, a market worth around $1.56B and $69.10M in sales. Profit margin for the company is -34.80%. Distance from 52-week low is 138.23% and -17.15% 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”. 8 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”. 8 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 $14.84M over the same period.The EPS is expected to shrink by -91.60% this year, but quarterly earnings will post 20.60% year-over-year. Quarterly sales are estimated to grow 1.20% in year-over-year returns.
Codexis Inc. (CDXS) Insider Activity
A total of 18 insider transactions have happened at Codexis Inc. (CDXS) in the last six months, with sales accounting for 11 and purchases happening 7 times. The most recent transaction is an insider sale by KELLEY BERNARD J, the company’s Director. SEC filings show that KELLEY BERNARD J sold 2,500 shares of the company’s common stock on Apr 21 at a price of $22.64 per share for a total of $56608.0. Following the sale, the insider now owns 0.21 million shares.
Codexis Inc. disclosed in a document filed with the SEC on Apr 05 that Yang Patrick Y (Director) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Apr 05 and was made at $24.27 per share for $0.24 million. Following the transaction, the insider now directly holds 83716.0 shares of the CDXS stock.
Still, SEC filings show that on Mar 25, WOLF DENNIS P (Director) disposed off 10,000 shares at an average price of $20.44 for $0.2 million. The insider now directly holds 41,129 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 28.26% up over the past 12 months. Short interest in the company’s stock has fallen -7.55% from the last report on Apr 14, 2021 to stand at a total of 6.27 million short shares sold with a short interest ratio of 9.61.