NASDAQ:CDXS - Codexis Stock Price, News, & Analysis

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$18.99 -0.63 (-3.21 %)
(As of 05/20/2019 08:54 AM ET)
Previous Close$19.62
Today's Range$18.6991 - $19.6050
52-Week Range$12.85 - $23.05
Volume297,239 shs
Average Volume298,266 shs
Market Capitalization$1.04 billion
P/E RatioN/A
Dividend YieldN/A
Beta-0.37
Codexis, Inc. discovers, develops, and sells protein catalysts. It also offers 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 protein catalyst screening and protein engineering services. In addition, it offers CodeEvolver protein engineering technology platform, which helps in developing and delivering protein catalysts that perform chemical transformations. The company's platform is used to discover novel biotherapeutic drug candidates for targeted human diseases, as well as for molecular biology and in vitro diagnostic enzymes. Its platform also enhances the pharmaceuticals companies manufacturing productivity and efficiency or outsourcing the manufacture of the intermediates and active pharmaceutical ingredients. The company sells its products to pharmaceutical manufacturers through its direct sales and business development force in the United States and Europe. Codexis, Inc. was founded in 2002 and is headquartered in Redwood City, California.

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Industry, Sector and Symbol

Industry Industrial organic chemicals
Sub-IndustryBiotechnology
SectorMedical
Current SymbolNASDAQ:CDXS
CUSIP19200510
Phone650-421-8100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$60.59 million
Book Value$0.94 per share

Profitability

Net Income$-10,880,000.00

Miscellaneous

Employees132
Market Cap$1.04 billion
Next Earnings Date8/14/2019 (Estimated)
OptionableOptionable

Codexis (NASDAQ:CDXS) Frequently Asked Questions

What is Codexis' stock symbol?

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

How were Codexis' earnings last quarter?

Codexis, Inc. (NASDAQ:CDXS) posted its quarterly earnings results on Monday, May, 6th. The biotechnology company reported ($0.09) earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.09). The biotechnology company had revenue of $15.58 million for the quarter, compared to analyst estimates of $14.83 million. Codexis had a negative return on equity of 21.08% and a negative net margin of 18.22%. View Codexis' Earnings History.

When is Codexis' next earnings date?

Codexis is scheduled to release their next quarterly earnings announcement on Wednesday, August 14th 2019. View Earnings Estimates for Codexis.

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

Codexis issued an update on its FY 2019 earnings guidance on Tuesday, February, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $69-72 million, compared to the consensus revenue estimate of $73.84 million.

What price target have analysts set for CDXS?

6 Wall Street analysts have issued 1-year price objectives for Codexis' stock. Their predictions range from $18.00 to $25.00. On average, they anticipate Codexis' share price to reach $21.5833 in the next twelve months. This suggests a possible upside of 13.7% from the stock's current price. View Analyst Price Targets for Codexis.

What is the consensus analysts' recommendation for Codexis?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Codexis in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Codexis.

What are Wall Street analysts saying about Codexis stock?

Here are some recent quotes from research analysts about Codexis stock:
  • 1. According to Zacks Investment Research, "Codexis is a leading protein engineering company that applies its proprietary CodeEvolver technology to develop proteins for a variety of applications, including as biocatalysts for the commercial manufacture of pharmaceuticals, fine chemicals and industrial enzymes, and enzymes as biotherapeutics and for use in molecular diagnostics. Codexis’ proven technology enables improvements in protein performance, meeting customer needs for rapid, cost-effective and sustainable manufacturing in multiple commercial-scale implementations of biocatalytic processes. " (5/10/2019)
  • 2. HC Wainwright analysts commented, "We maintain our Buy rating of CDXS and our 12-month price target of $16.50 per share. We derive our price target based on the average of three valuation methods: 1) price-sales multiple analysis applying a 3x multiple to our 2025 risk-adjusted revenue estimate discounted at 12%; 2) price-earnings multiple analysis applying a 23x multiple to our 2025 estimated earnings discounted at 12%; and 3) discounted free cash flow analysis assuming a 12% discount rate and a 2% terminal growth rate." (1/14/2019)

Has Codexis been receiving favorable news coverage?

Media headlines about CDXS stock have been trending somewhat negative recently, according to InfoTrie. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Codexis earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave news articles about the biotechnology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term.

Who are some of Codexis' key competitors?

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), Micron Technology (MU), AbbVie (ABBV), NVIDIA (NVDA), Alibaba Group (BABA), General Electric (GE), Array Biopharma (ARRY), Cisco Systems (CSCO), Cypress Semiconductor (CY) and Exelixis (EXEL).

Who are Codexis' key executives?

Codexis' management team includes the folowing people:
  • Mr. John J. Nicols, Pres, CEO & Director (Age 55)
  • Mr. Gordon T. B. Sangster, Sr. VP & CFO (Age 66)
  • Dr. James J. Lalonde, Sr. VP of R&D (Age 58)
  • Ms. Laurie Heilmann, Sr. VP of Bus. Devel. & Marketing
  • Prof. Gerhard N. Mayr, Special Advisor to the Board (Age 73)

Who are Codexis' major shareholders?

Codexis' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.50%), Baillie Gifford & Co. (5.65%), Vivo Capital LLC (4.80%), Gilder Gagnon Howe & Co. LLC (4.56%), Wells Fargo & Company MN (3.52%) and Opaleye Management Inc. (2.70%). Company insiders that own Codexis stock include Bernard J Kelley, Byron L Dorgan, David V Smith, Dennis P Wolf, Gordon Sangster, James Lalonde, John J Nicols, Kathleen Sereda Glaub, Michael D Aldridge, Pam P Cheng, Patrick Y Yang, Thomas R Baruch and Ventures Vii Affiliates F Vivo. View Institutional Ownership Trends for Codexis.

Which major investors are selling Codexis stock?

CDXS stock was sold by a variety of institutional investors in the last quarter, including Prescott Group Capital Management L.L.C., Opaleye Management Inc., William Blair Investment Management LLC, Federated Investors Inc. PA, Morgan Stanley, Vivo Capital LLC, BlackRock Inc. and Wells Fargo & Company MN. Company insiders that have sold Codexis company stock in the last year include Bernard J Kelley, Byron L Dorgan, Dennis P Wolf, Gordon Sangster, James Lalonde, John J Nicols, Kathleen Sereda Glaub, Pam P Cheng, Patrick Y Yang and Thomas R Baruch. View Insider Buying and Selling for Codexis.

Which major investors are buying Codexis stock?

CDXS stock was purchased by a variety of institutional investors in the last quarter, including Gilder Gagnon Howe & Co. LLC, Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., FMR LLC, Baillie Gifford & Co., ARK Investment Management LLC, Bank of Montreal Can and AQR Capital Management LLC. View Insider Buying and Selling for Codexis.

How do I buy shares of Codexis?

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

What is Codexis' stock price today?

One share of CDXS stock can currently be purchased for approximately $18.99.

How big of a company is Codexis?

Codexis has a market capitalization of $1.04 billion and generates $60.59 million in revenue each year. The biotechnology company earns $-10,880,000.00 in net income (profit) each year or ($0.21) on an earnings per share basis. Codexis employs 132 workers across the globe.

What is Codexis' official website?

The official website for Codexis is http://www.codexis.com.

How can I contact Codexis?

Codexis' mailing address is 200 PENOBSCOT DRIVE, REDWOOD CITY CA, 94063. The biotechnology company can be reached via phone at 650-421-8100 or via email at [email protected]


MarketBeat Community Rating for Codexis (NASDAQ CDXS)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  257 (Vote Outperform)
Underperform Votes:  266 (Vote Underperform)
Total Votes:  523
MarketBeat's community ratings are surveys of what our community members think about Codexis and other stocks. Vote "Outperform" if you believe CDXS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CDXS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/20/2019 by MarketBeat.com Staff

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