Codexis (CDXS) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Codexis in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CDXS shares.
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3 analysts have issued 1 year price targets for Codexis' stock. Their CDXS share price forecasts range from $9.00 to $21.00. On average, they predict the company's stock price to reach $15.50 in the next twelve months. This suggests a possible upside of 601.4% from the stock's current price.
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Codexis' stock was trading at $4.66 at the beginning of 2023. Since then, CDXS stock has decreased by 52.6% and is now trading at $2.21.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our CDXS earnings forecast.

Codexis, Inc. (NASDAQ:CDXS) announced its quarterly earnings results on Thursday, May, 4th. The biotechnology company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.29) by $0.05. The biotechnology company earned $12.98 million during the quarter, compared to the consensus estimate of $14.09 million. Codexis had a negative net margin of 41.17% and a negative trailing twelve-month return on equity of 32.75%. The company's revenue was down 63.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.13) earnings per share.

ETFs with the largest weight of Codexis (NASDAQ:CDXS) stock in their portfolio include Jacob Forward ETF (JFWD), ROBO Global Healthcare Technology and Innovation ETF (HTEC), ARK Genomic Revolution ETF (ARKG), Virtus LifeSci Biotech Clinical Trials ETF (BBC), Invesco Nasdaq Future Gen 200 ETF (QQQS), WisdomTree BioRevolution Fund (WDNA), Inspire Small/Mid Cap ETF (ISMD) and iShares Biotechnology ETF (IBB).

Codexis issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $63.00 million-$68.00 million, compared to the consensus revenue estimate of $74.57 million.

25 employees have rated Codexis Chief Executive Officer John J. Nicols on Glassdoor.com. John J. Nicols has an approval rating of 68% among the company's employees.

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

Codexis trades on the NASDAQ under the ticker symbol "CDXS."

Codexis' stock is owned by a number of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (9.26%), BlackRock Inc. (9.06%), ARK Investment Management LLC (6.51%), Telemark Asset Management LLC (3.84%), State Street Corp (2.58%) and FMR LLC (2.45%). Insiders that own company stock include Bernard J Kelley, Byron L Dorgan, Dennis P Wolf, John J Nicols, Kevin Norrett, Patrick Y Yang and Stephen George Dilly.
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Shares of CDXS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CDXS stock can currently be purchased for approximately $2.21.

Codexis (NASDAQ:CDXS) has a market capitalization of $147.56 million and generates $116.23 million in revenue each year. The biotechnology company earns $-33,590,000.00 in net income (profit) each year or ($0.72) on an earnings per share basis.

The company employs 261 workers across the globe.

Codexis' mailing address is 200 PENOBSCOT DRIVE, REDWOOD CITY CA, 94063. The official website for the company is www.codexis.com. The biotechnology company can be reached via phone at (650) 421-8100, via email at ir@codexis.com, or via fax at 650-421-8102.