Codexis (CDXS) Stock Price, News & Analysis

Company Overview

Codexis, Inc. discovers, develops, and sells enzymes and other proteins. The company operates through two segments, Performance Enzymes and Novel Biotherapeutics. It offers biocatalyst products and services. The company also provides biocatalyst screening and protein engineering services. In addition, it offers CodeEvolver, a technology platform, which helps in developing and delivering biocatalysts that perform chemical transformations and enhance the efficiency and productivity of manufacturing processes. The company's platform is also used for molecular biology and in vitro diagnostic enzymes. It has a collaboration agreement with Nestlé Health Science to develop CDX-7108 for the treatment of exocrine pancreatic insufficiency. The company sells its products to pharmaceutical manufacturers through its direct sales and business development force in the United States and Europe. The company was incorporated in 2002 and is headquartered in Redwood City, California.

Key Stats

• Today's Range: $3.07 to $3.19
• 50-Day Range: $2.62 to $3.63
• 52-Week Range: $1.51 to $4.91
• Volume: 328,263 shs
• Average Volume: 536,796 shs
• Market Capitalization: $222.96 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $8.75
• Consensus Rating: Moderate Buy

Codexis Stock Analysis - MarketRank™

Codexis scored higher than 87% of companies evaluated by MarketBeat, and ranked 153rd out of 994 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Codexis has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Codexis has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Codexis are expected to decrease in the coming year, from ($0.75) to ($0.77) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Codexis is -3.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Codexis is -3.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Codexis has a P/B Ratio of 2.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.08% of the outstanding shares of Codexis have been sold short.

Short Interest Ratio / Days to Cover

Codexis has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Codexis has recently decreased by 5.65%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Codexis does not currently pay a dividend.

Dividend Growth

Codexis does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 2.5 / 5
• Environmental Score: -3.67

Percentage of Shares Shorted

3.08% of the outstanding shares of Codexis have been sold short.

Short Interest Ratio / Days to Cover

Codexis has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Codexis has recently decreased by 5.65%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.51

News Sentiment

Codexis has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Codexis this week, compared to 2 articles on an average week.

Search Interest

3 people have searched for CDXS on MarketBeat in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Codexis insiders have bought more of their company's stock than they have sold. Specifically, they have bought $3,514,910.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 2.10% of the stock of Codexis is held by insiders.

Percentage Held by Institutions

78.54% of the stock of Codexis is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CDXS Stock Analysis - Frequently Asked Questions

How have CDXS shares performed this year?

Codexis' stock was trading at $3.05 on January 1st, 2024. Since then, CDXS stock has increased by 3.6% and is now trading at $3.16.
View the best growth stocks for 2024 here.

How were Codexis' earnings last quarter?

Codexis, Inc. (NASDAQ:CDXS) issued its quarterly earnings results on Thursday, August, 8th. The biotechnology company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.26) by $0.06. The biotechnology company had revenue of $7.98 million for the quarter, compared to the consensus estimate of $7.64 million. Codexis had a negative net margin of 125.41% and a negative trailing twelve-month return on equity of 64.06%.

How do I buy shares of Codexis?

Shares of CDXS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Codexis own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Codexis investors own include Advanced Micro Devices (AMD), Sorrento Therapeutics (SRNE), AbbVie (ABBV), Micron Technology (MU), Enphase Energy (ENPH) and Intellia Therapeutics (NTLA).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 10/05/2024
• Next Earnings (Estimated): 11/07/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Industrial organic chemicals
• Sub-Industry: Biotechnology
• Current Symbol: NASDAQ:CDXS
• CUSIP: 19200510
• CIK: 1200375
• Web: www.codexis.com
• Phone: (650) 421-8100
• Fax: 650-421-8102
• Employees: 250
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $8.75
• High Stock Price Target: $11.00
• Low Stock Price Target: $5.00
• Potential Upside/Downside: +176.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.93)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-76,240,000.00
• Net Margins: -125.41%
• Pretax Margin: -125.30%
• Return on Equity: -64.06%
• Return on Assets: -35.67%

Debt

• Debt-to-Equity Ratio: 0.46
• Current Ratio: 2.99
• Quick Ratio: 2.92

Sales & Book Value

• Annual Sales: $60.89 million
• Price / Sales: 3.66
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.24 per share
• Price / Book: 2.55

Miscellaneous

• Outstanding Shares: 70,558,000
• Free Float: 69,076,000
• Market Cap: $222.96 million
• Optionable: Optionable
• Beta: 2.08