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NASDAQ:CDXS

Codexis - CDXS Stock Forecast, Price & News

$8.66
-0.26 (-2.91%)
(As of 08/16/2022 02:34 PM ET)
Add
Compare
Today's Range
$8.29
$8.89
50-Day Range
$6.67
$12.86
52-Week Range
$6.15
$42.01
Volume
42,491 shs
Average Volume
1.33 million shs
Market Capitalization
$567.14 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$21.33

Codexis MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
147.5% Upside
$21.33 Price Target
Short Interest
Bearish
8.37% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.67
Upright™ Environmental Score
News Sentiment
0.56mentions of Codexis in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($0.48) to ($0.71) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.81 out of 5 stars

Medical Sector

931st out of 1,124 stocks

Industrial Organic Chemicals Industry

17th out of 21 stocks

CDXS stock logo

About Codexis (NASDAQ:CDXS) Stock

Codexis, Inc. discovers, develops, and sells enzymes and other proteins. It offers biocatalyst products and services; intermediate chemicals products that are used for further chemical processing; and Codex biocatalyst panels and kits that enable customers to perform chemistry screening. The company also provides biocatalyst screening and protein engineering services. In addition, it offers CodeEvolver protein engineering 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 to discover novel biotherapeutic drug candidates for targeted human diseases, as well as for molecular biology and in vitro diagnostic enzymes. It 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.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Benchmark set a $20.00 target price on Codexis in a research note on Tuesday, July 19th. Piper Sandler decreased their target price on shares of Codexis from $35.00 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, July 14th. HC Wainwright dropped their price target on shares of Codexis from $27.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, August 8th. Craig Hallum decreased their price objective on shares of Codexis from $42.00 to $19.00 in a research report on Friday, July 15th. Finally, Cowen dropped their target price on Codexis from $39.00 to $21.00 in a research report on Friday, July 15th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Codexis has an average rating of "Moderate Buy" and a consensus target price of $21.33.

Codexis Stock Performance

Shares of CDXS Stock traded down $0.49 during trading hours on Tuesday, hitting $8.43. 15,143 shares of the company were exchanged, compared to its average volume of 1,328,027. The business's 50-day simple moving average is $9.34 and its two-hundred day simple moving average is $13.98. Codexis has a one year low of $6.15 and a one year high of $42.01. The stock has a market capitalization of $552.08 million, a price-to-earnings ratio of -29.73 and a beta of 1.62.

Codexis (NASDAQ:CDXS - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The biotechnology company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.08. The business had revenue of $38.41 million for the quarter, compared to analyst estimates of $37.86 million. Codexis had a negative return on equity of 11.63% and a negative net margin of 14.03%. The business's revenue was up 50.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.07) EPS. As a group, analysts anticipate that Codexis will post -0.48 EPS for the current fiscal year.

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CDXS Stock News Headlines

Codexis (NASDAQ:CDXS) PT Lowered to $25.00
Codexis (NASDAQ:CDXS) Trading Down 6.2% on Analyst Downgrade
Codexis (NASDAQ:CDXS) Shares Up 9.3% Following Strong Earnings
Codexis: Q2 Earnings Snapshot
Codexis (CDXS) Set to Announce Quarterly Earnings on Thursday
Codexis (NASDAQ:CDXS) Stock Price Down 4.8%
Codexis (NASDAQ:CDXS) Shares Gap Up to $7.84
Codexis (NASDAQ:CDXS) Trading Up 9%
Codexis Shares Slide On CEO Transition
See More Headlines
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CDXS Company Calendar

Last Earnings
8/04/2022
Today
8/16/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
Biotechnology
Sector
Medical
Current Symbol
NASDAQ:CDXS
CUSIP
19200510
Employees
261
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$21.33
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
+146.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$-21,280,000.00
Pretax Margin
-13.81%

Debt

Sales & Book Value

Annual Sales
$104.75 million
Book Value
$2.53 per share

Miscellaneous

Free Float
60,909,000
Market Cap
$567.14 million
Optionable
Optionable
Beta
1.62

Key Executives

  • Mr. John J. Nicols (Age 58)
    Pres, CEO & Director
    Comp: $1.33M
  • Mr. Ross Taylor Jr. (Age 59)
    M.B.A., Sr. VP & CFO
    Comp: $667.31k
  • Dr. Karl A. Schoene Ph.D.
    Sr. VP of Devel. & Operations
  • Ms. Asli Aras Ph.D.
    VP of Corp. Devel.
  • Ms. Karen Frechou-Armijo
    Sr. VP & Head of HR
  • Dr. Gjalt Huisman Ph.D.
    Sr. VP of Strategic Devel. & GM of Biotherapeutics
  • Mr. Rob Wilson Ph.D.
    Sr. VP & GM of Performance Enzymes
  • Dr. Stefan Lutz Ph.D.
    Sr. VP of Research
  • Mr. Robert Sato M.B.A.
    Ph.D., Sr. VP of Pharmaceutical Devel., Quality & Regulatory
  • Prof. Gerhard N. Mayr (Age 76)
    Special Advisor to the Board













CDXS Stock - Frequently Asked Questions

Should I buy or sell Codexis stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Codexis in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CDXS shares.
View CDXS analyst ratings
or view top-rated stocks.

What is Codexis' stock price forecast for 2022?

5 equities research analysts have issued 12-month target prices for Codexis' stock. Their CDXS share price forecasts range from $19.00 to $25.00. On average, they expect the company's share price to reach $21.33 in the next year. This suggests a possible upside of 139.2% from the stock's current price.
View analysts price targets for CDXS
or view top-rated stocks among Wall Street analysts.

How have CDXS shares performed in 2022?

Codexis' stock was trading at $31.27 on January 1st, 2022. Since then, CDXS stock has decreased by 71.5% and is now trading at $8.92.
View the best growth stocks for 2022 here
.

When is Codexis' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CDXS earnings forecast
.

How were Codexis' earnings last quarter?

Codexis, Inc. (NASDAQ:CDXS) posted its earnings results on Thursday, August, 4th. The biotechnology company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.08. The biotechnology company had revenue of $38.41 million for the quarter, compared to analyst estimates of $37.86 million. Codexis had a negative trailing twelve-month return on equity of 11.63% and a negative net margin of 14.03%. The business's revenue for the quarter was up 50.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.07) EPS.

What guidance has Codexis issued on next quarter's earnings?

Codexis updated its FY 2022 earnings guidance on Thursday, August, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $135.00 million-$141.00 million, compared to the consensus revenue estimate of $137.67 million.

What is John J. Nicols' approval rating as Codexis' CEO?

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.

What other stocks do shareholders of Codexis own?

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).

What is Codexis' stock symbol?

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

Who are Codexis' major shareholders?

Codexis' stock is owned by a number of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (11.33%), ARK Investment Management LLC (6.87%), Allspring Global Investments Holdings LLC (4.62%), FMR LLC (2.73%), Assenagon Asset Management S.A. (2.28%) and State Street Corp (1.97%). Insiders that own company stock include Bernard J Kelley, Byron L Dorgan, Dennis P Wolf, John J Nicols, Patrick Y Yang and Thomas R Baruch.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Codexis' stock price today?

One share of CDXS stock can currently be purchased for approximately $8.92.

How much money does Codexis make?

Codexis (NASDAQ:CDXS) has a market capitalization of $584.17 million and generates $104.75 million in revenue each year. The biotechnology company earns $-21,280,000.00 in net income (profit) each year or ($0.30) on an earnings per share basis.

How many employees does Codexis have?

The company employs 261 workers across the globe.

How can I contact Codexis?

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.

This page (NASDAQ:CDXS) was last updated on 8/16/2022 by MarketBeat.com Staff

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