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Codexis Inc (NASDAQ: CDXS) closed the day trading at $3.74 down -7.43% from the previous closing price of $4.04. In other words, the price has decreased by -$7.43 from its previous closing price. On the day, 0.61 million shares were traded. CDXS stock price reached its highest trading level at $4.0 during the session, while it also had its lowest trading level at $3.73.
Ratios:
For a better understanding of CDXS, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.15 and its Current Ratio is at 3.21. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.51.
On May 30, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $11.Cantor Fitzgerald initiated its Overweight rating on May 30, 2024, with a $11 target price.
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 Oct 25 ’24 when Opaleye Management Inc. bought 25,000 shares for $2.91 per share. The transaction valued at 72,720 led to the insider holds 8,545,000 shares of the business.
Opaleye Management Inc. bought 80,000 shares of CDXS for $234,856 on Sep 24 ’24. The 10% Owner now owns 8,515,000 shares after completing the transaction at $2.94 per share. On Sep 25 ’24, another insider, Opaleye Management Inc., who serves as the 10% Owner of the company, bought 5,000 shares for $2.86 each. As a result, the insider paid 14,290 and bolstered with 8,520,000 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 304353376 and an Enterprise Value of 255944176. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.72 while its Price-to-Book (P/B) ratio in mrq is 4.15. Its current Enterprise Value per Revenue stands at 3.971 whereas that against EBITDA is -5.591.
Stock Price History:
Over the past 52 weeks, CDXS has reached a high of $4.91, while it has fallen to a 52-week low of $1.72. The 50-Day Moving Average of the stock is 15.60%, while the 200-Day Moving Average is calculated to be 15.90%.
Shares Statistics:
Over the past 3-months, CDXS traded about 610.05K shares per day on average, while over the past 10 days, CDXS traded about 796760 shares per day. A total of 81.38M shares are outstanding, with a floating share count of 78.91M. Insiders hold about 3.03% of the company’s shares, while institutions hold 79.13% stake in the company. Shares short for CDXS as of 1730332800 were 1953049 with a Short Ratio of 3.20, compared to 1727654400 on 2256560. Therefore, it implies a Short% of Shares Outstanding of 1953049 and a Short% of Float of 2.6800001.
