Codexis Inc. (NASDAQ:CDXS) finished Friday with an addition of $1.01 to close at $29.75, an upside of 3.51 percent. An average of 663,480 shares of common stock have been traded in the last five days. There was a gain of $1.42 in the past week, and it reached a new high 31 times over the past 12 months. The last 20 days have seen an average of 1,066,700 shares traded, while the 50-day average volume stands at 608,404.
CDXS stock has increased by 15.40% in the last month. The company shares reached their 1-month lowest point of $22.60 on 09/29/21. With the stock rallying to its 52-week high on 10/08/21, shares of the company touched a low of $12.79 and a high of $32.42 in 52 weeks. It has reached a new high 14 times so far this year and achieved 36.28% or $7.92 in price. In spite of this, the price is down -8.24% from the 52-week high.
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5 days have passed since Codexis Inc. (CDXS) last reported insider trading activity. Dorgan Byron L, who is Director, most recently acquired $20,000 shares at $27.94 per share on Oct 18. In this transaction, the insider spent $558,862. Director, WOLF DENNIS P, disposed of 6,000 shares at a price of $28.30 on Oct 15. The insider now owns more than $169,818 worth of shares. Prior to that, President and CEO NICOLS JOHN J went on to Sale 35,000 shares at $23.77 each on Aug 13. An amount of $831,796 was transacted.
Codexis Inc. (CDXS) has a trailing price-to-earnings (P/E) ratio of 34.65 for the broader industry and 33.43 for the sector. The stock’s beta is 1.40. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 22.50, the price-to-book (PB) ratio at 11.76.
The quick ratio of Codexis Inc. for the three months ended June 29 was 7.10, and the current ratio was 7.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Codexis Inc.’s EBITDA margin for the year ending June 29 is -28.04%, while its operating margin for the same period stands at -28.50%. Its gross profit as reported stood at $55.31 million compared to revenue of $69.06 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Codexis Inc.’s return on assets was -11.90%. For the broader industry, ROE averaged -68.79 over the past year.
For the three-month period that ended June 29, Codexis Inc. had $1.29 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$4.27 million in the quarter, while revenues were shrunk -79.16%. The analyst consensus anticipated Codexis Inc.’s latest quarter earnings to come in at -$0.17 per share, but it turned out to be -$0.07, a 58.80% surprise. For the quarter, EBITDA amounted to -$3.11 million. Shareholders own equity worth $64.64 million.
From a technical analysis perspective, let’s take a brief look at Codexis Inc. (CDXS) price momentum. RSI 9-day as of the close on 22 October was 57.51%, suggesting the stock is Neutral, with historical volatility in this time frame at 88.28%.
As of today, CDXS’s price is $29.05 +5.01% or $1.42 from its 5-day moving average. CDXS is currently trading +16.35% higher than its 20-day SMA and +44.91% higher than its 100-day SMA. However, the stock’s current price level is +22.73% above the SMA50 and +27.79% above the SMA200.
The stochastic %K and %D were 55.66% and 58.43%, respectively, and the average true range (ATR) was 1.86. With the 14-day stochastic at 60.21% and the average true range at 1.80, the RSI (14) stands at 57.34%. The stock has reached 0.13 on the 9-day MACD Oscillator while the 14-day reading was at 0.00.
Piper Sandler launched coverage on Codexis Inc. (NASDAQ: CDXS) in its analyst report released on April 12, 2021. The firm assigned the stock a an Overweight rating. The consensus rating for Codexis Inc. (CDXS) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CDXS, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.
What is CDXS’s price target for the next 12 months?
Analysts predict a range of price targets between $29.00 and $33.00, with a median target of $32.00. Taking a look at these predictions, the average price target given by analysts for Codexis Inc. (CDXS) stock is $31.29.