Codexis Inc (NASDAQ: CDXS) is -6.29% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CDXS stock was last observed hovering at around $4.58 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $4.47, the stock is -7.42% and -7.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing -2.40% at the moment leaves the stock 23.89% off its SMA200. CDXS registered 60.79% gain for a year compared to 6-month gain of 24.17%. The firm has a 50-day simple moving average (SMA 50) of $4.8494 and a 200-day simple moving average (SMA200) of $3.6081.
The stock witnessed a -10.06% loss in the last 1 month and extending the period to 3 months gives it a 53.61%, and is -8.21% 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 5.70% over the week and 6.63% over the month.
Codexis Inc (CDXS) has around 174 employees, a market worth around $363.76M and $64.45M in sales. Profit margin for the company is -96.35%. Distance from 52-week low is 76.68% and -26.48% 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.
166.0 institutions hold shares in Codexis Inc (CDXS), with institutional investors hold 80.81% of the company’s shares. The shares outstanding are 81.38M, and float is at 79.14M with Short Float at 3.01%. Institutions hold 78.97% 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 35,000 shares of the company’s common stock on Dec 30 ’24 at a price of $4.70 per share for a total of $0.16 million. Following the purchase, the insider now owns 8.58 million shares.
Codexis Inc disclosed in a document filed with the SEC on Dec 31 ’24 that Opaleye Management Inc. (10% Owner) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Dec 31 ’24 and was made at $4.66 per share for $46603.0. Following the transaction, the insider now directly holds 8.59 million shares of the CDXS stock.
Still, SEC filings show that on Oct 25 ’24, Opaleye Management Inc. (10% Owner) acquired 25,000 shares at an average price of $2.91 for $72720.0. The insider now directly holds 8,545,000 shares of Codexis Inc (CDXS).
