Codexis Inc (NASDAQ: CDXS) is 63.93% higher on its value in year-to-date trading and has touched a low of $2.53 and a high of $6.08 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 $4.93 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $5.00, the stock is -2.27% and 17.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.25 million and changing 1.42% at the moment leaves the stock 45.23% off its SMA200. CDXS registered 60.26% gain for a year compared to 6-month gain of 57.23%. The firm has a 50-day simple moving average (SMA 50) of $4.2264 and a 200-day simple moving average (SMA200) of $3.43585.
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The stock witnessed a 8.46% loss in the last 1 month and extending the period to 3 months gives it a 71.82%, and is -11.19% down 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 7.66% over the week and 6.65% over the month.
Codexis Inc (CDXS) has around 174 employees, a market worth around $406.89M and $64.45M in sales. Profit margin for the company is -96.35%. Distance from 52-week low is 97.63% and -17.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-55.86%).
with sales reaching $27.41M over the same period.The EPS is expected to grow by 29.13% this year, but quarterly earnings will post -6.92% year-over-year. Quarterly sales are estimated to grow 3.20% in year-over-year returns.
Codexis Inc (CDXS) Top Institutional Holders
161.0 institutions hold shares in Codexis Inc (CDXS), with institutional investors hold 81.60% of the company’s shares. The shares outstanding are 81.38M, and float is at 79.18M with Short Float at 2.17%. Institutions hold 79.79% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.79 million shares valued at $21.05 million. The investor’s holdings represent 9.7194% of the CDXS Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 4.45 million shares valued at $13.78 million to account for 6.3637 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 4.09 million shares representing 5.8568% and valued at over $12.68 million, while NANTAHALA CAPITAL MANAGEMENT, LLC holds 5.196 of the shares totaling 3.63 million with a market value of $11.25 million.
Codexis Inc (CDXS) Insider Activity
The most recent transaction is an insider purchase by Opaleye Management Inc., the company’s 10% Owner. SEC filings show that Opaleye Management Inc. bought 25,000 shares of the company’s common stock on Oct 25 ’24 at a price of $2.91 per share for a total of $72720.0. Following the purchase, the insider now owns 8.54 million shares.
Codexis Inc disclosed in a document filed with the SEC on Sep 24 ’24 that Opaleye Management Inc. (10% Owner) bought a total of 80,000 shares of the company’s common stock. The trade occurred on Sep 24 ’24 and was made at $2.94 per share for $0.23 million. Following the transaction, the insider now directly holds 8.52 million shares of the CDXS stock.
Still, SEC filings show that on Sep 25 ’24, Opaleye Management Inc. (10% Owner) acquired 5,000 shares at an average price of $2.86 for $14290.0. The insider now directly holds 8,520,000 shares of Codexis Inc (CDXS).
