After finishing at $3.03 in the prior trading day, Codexis Inc. (NASDAQ: CDXS) closed at $3.20, up 5.61%. In other words, the price has increased by $+0.1700 from its previous closing price. On the day, 799739 shares were traded.
Ratios:
Our goal is to gain a better understanding of CDXS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.62 and its Current Ratio is at 2.68. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.14.
On August 07, 2023, TD Cowen Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $21 to $4.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 15 when Dorgan Byron L sold 20,000 shares for $2.11 per share. The transaction valued at 42,168 led to the insider holds 193,461 shares of the business.
Norrett Kevin bought 9,000 shares of CDXS for $15,479 on Sep 11. The Chief Operating Officer now owns 98,102 shares after completing the transaction at $1.72 per share. On Sep 08, another insider, DILLY STEPHEN GEORGE, who serves as the insider of the company, bought 58,479 shares for $1.73 each. As a result, the insider paid 100,952 and bolstered with 438,878 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CDXS now has a Market Capitalization of 223.46M and an Enterprise Value of 229.05M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.02 while its Price-to-Book (P/B) ratio in mrq is 2.44. Its current Enterprise Value per Revenue stands at 2.13 whereas that against EBITDA is -2.88.
Stock Price History:
Over the past 52 weeks, CDXS has reached a high of $5.39, while it has fallen to a 52-week low of $1.45. The 50-Day Moving Average of the stock is 2.8668, while the 200-Day Moving Average is calculated to be 2.4361.
Shares Statistics:
The stock has traded on average 696.76K shares per day over the past 3-months and 475k shares per day over the last 10 days, according to various share statistics. A total of 69.83M shares are outstanding, with a floating share count of 66.80M. Insiders hold about 4.34% of the company’s shares, while institutions hold 81.04% stake in the company. Shares short for CDXS as of Jan 31, 2024 were 2.52M with a Short Ratio of 3.61, compared to 2.58M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.60% and a Short% of Float of 3.68%.
Earnings Estimates
Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.31, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.19, with high estimates of -$0.17 and low estimates of -$0.22.
Analysts are recommending an EPS of between -$1.05 and -$1.33 for the fiscal current year, implying an average EPS of -$1.15. EPS for the following year is -$0.67, with 6 analysts recommending between -$0.53 and -$0.85.
Revenue Estimates
7 analysts predict $19.9M in revenue for the current quarter. It ranges from a high estimate of $25.55M to a low estimate of $7.9M. As of the current estimate, Codexis Inc.’s year-ago sales were $30.38M, an estimated decrease of -34.50% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $11.7M, a decrease of -9.90% over than the figure of -$34.50% in the same quarter last year. There is a high estimate of $12.23M for the next quarter, whereas the lowest estimate is $10.9M.
A total of 6 analysts have provided revenue estimates for CDXS’s current fiscal year. The highest revenue estimate was $69.14M, while the lowest revenue estimate was $57.58M, resulting in an average revenue estimate of $65.47M. In the same quarter a year ago, actual revenue was $138.59M, down -52.80% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $58.92M in the next fiscal year. The high estimate is $69.68M and the low estimate is $44M. The average revenue growth estimate for next year is down -10.00% from the average revenue estimate for this year.
