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: $4.30 to $4.53
• 50-Day Range: $2.78 to $4.33
• 52-Week Range: $1.85 to $4.91
• Volume: 676,173 shs
• Average Volume: 542,644 shs
• Market Capitalization: $352.38 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $8.33
• Consensus Rating: Moderate Buy

Codexis Stock Analysis - MarketRank™

Codexis scored higher than 84% of companies evaluated by MarketBeat, and ranked 174th out of 952 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: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Codexis has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 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: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Codexis are expected to grow in the coming year, from ($0.76) to ($0.71) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Codexis is -4.98, 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 -4.98, 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 4.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.40% 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 3.2, 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 2.50%, indicating that investor sentiment is improving.

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

2.40% 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 3.2, 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 2.50%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.20

News Sentiment

Codexis has a news sentiment score of 0.20. 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 is a lower news sentiment than the 0.48 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Codexis this week, compared to 2 articles on an average week.

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 at the beginning of the year. Since then, CDXS stock has increased by 42.0% and is now trading at $4.33.
View the best growth stocks for 2024 here.

How were Codexis' earnings last quarter?

Codexis, Inc. (NASDAQ:CDXS) posted its quarterly earnings data on Thursday, October, 31st. The biotechnology company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.25) by $0.04. The biotechnology company earned $12.83 million during the quarter, compared to analyst estimates of $11.64 million. Codexis had a negative trailing twelve-month return on equity of 71.56% and a negative net margin of 96.35%.

Who are Codexis' major shareholders?

Top institutional investors of Codexis include FMR LLC (5.53%), Baillie Gifford & Co. (2.23%), Geode Capital Management LLC (2.02%) and State Street Corp (1.91%). Insiders that own company stock include Opaleye Management Inc, John J Nicols, Byron L Dorgan, Sriram Ryali, Kevin Norrett, Margaret Nell Fitzgerald, Dennis P Wolf and Patrick Y Yang.
View institutional ownership trends.

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 Tesla (TSLA), NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Netflix (NFLX), Walt Disney (DIS) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Last Earnings: 10/31/2024
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/26/2025

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: $8.33
• High Stock Price Target: $11.00
• Low Stock Price Target: $5.00
• Potential Upside/Downside: +92.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.87)
• 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: -96.35%
• Pretax Margin: -96.25%
• Return on Equity: -71.56%
• Return on Assets: -38.00%

Debt

• Debt-to-Equity Ratio: 0.39
• Current Ratio: 3.21
• Quick Ratio: 3.15

Sales & Book Value

• Annual Sales: $70.14 million
• Price / Sales: 5.02
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.90 per share
• Price / Book: 4.81

Miscellaneous

• Outstanding Shares: 81,380,000
• Free Float: 79,669,000
• Market Cap: $352.38 million
• Optionable: Optionable
• Beta: 2.07