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

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$19.99 +0.37 (+1.89 %)
(As of 03/25/2019 04:00 PM ET)
Previous Close$19.62
Today's Range$19.41 - $20.20
52-Week Range$9.30 - $23.05
Volume219,030 shs
Average Volume461,577 shs
Market Capitalization$1.08 billion
P/E Ratio-95.19
Dividend YieldN/A
Beta-0.31
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$1.04 per share

Profitability

Net Income$-10,880,000.00

Miscellaneous

Employees132
Market Cap$1.08 billion
Next Earnings Date5/9/2019 (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) issued its earnings results on Wednesday, August, 8th. The biotechnology company reported ($0.07) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.13) by $0.06. The biotechnology company earned $13.54 million during the quarter, compared to analysts' expectations of $11.87 million. Codexis had a negative net margin of 17.95% and a negative return on equity of 24.35%. View Codexis' Earnings History.

When is Codexis' next earnings date?

Codexis is scheduled to release their next quarterly earnings announcement on Thursday, May 9th 2019. View Earnings Estimates for Codexis.

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

Codexis updated its FY 2019 earnings guidance on Tuesday, February, 26th. The company provided earnings per share 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 equities research analysts have issued 1 year target prices for Codexis' shares. Their predictions range from $18.00 to $25.00. On average, they expect Codexis' share price to reach $21.5833 in the next year. This suggests a possible upside of 8.0% 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, Inc. is a leading protein engineering company that applies its technology to the development of biocatalysts for the commercial manufacture of pharmaceuticals and fine chemicals. Codexis' proven technology enables implementation of biocatalytic solutions to meet customer needs for rapid, cost-effective and sustainable manufacturing. " (1/18/2019)
  • 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?

News articles about CDXS stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Codexis earned a media sentiment score of -1.1 on InfoTrie's scale. They also gave media coverage about the biotechnology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next few days.

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), Alibaba Group (BABA), Array Biopharma (ARRY), AbbVie (ABBV), Gilead Sciences (GILD), NVIDIA (NVDA), Square (SQ), Cypress Semiconductor (CY) and General Electric (GE).

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 number of of institutional and retail investors. Top institutional shareholders include Nantahala Capital Management LLC (12.13%), BlackRock Inc. (6.68%), Baillie Gifford & Co. (5.34%), Prescott Group Capital Management L.L.C. (2.33%), Lord Abbett & CO. LLC (1.90%) and Stifel Financial Corp (1.41%). 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 Bradley Foster & Sargent Inc. CT, Castleark Management LLC, Nantahala Capital Management LLC, Barclays PLC, Essex Investment Management Co. LLC, Pratt Collard Advisory Partners LLC, MetLife Investment Advisors LLC and Ingalls & Snyder LLC. Company insiders that have sold Codexis company stock in the last year 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 and Thomas R Baruch. View Insider Buying and Selling for Codexis.

Which major investors are buying Codexis stock?

CDXS stock was acquired by a variety of institutional investors in the last quarter, including Oak Ridge Investments LLC, FMR LLC, Stifel Financial Corp, Lisanti Capital Growth LLC, Baillie Gifford & Co., Prescott Group Capital Management L.L.C., Bank of New York Mellon Corp and Lord Abbett & CO. 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 $19.99.

How big of a company is Codexis?

Codexis has a market capitalization of $1.08 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:  248 (Vote Outperform)
Underperform Votes:  256 (Vote Underperform)
Total Votes:  504
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 3/25/2019 by MarketBeat.com Staff

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