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The closing price of Codexis Inc. (NASDAQ: CDXS) was $2.80 for the day, down -11.11% from the previous closing price of $3.15. In other words, the price has decreased by -$11.11 from its previous closing price. On the day, 0.72 million shares were traded. CDXS stock price reached its highest trading level at $3.08 during the session, while it also had its lowest trading level at $2.77.
Ratios:
Our analysis of CDXS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.92 and its Current Ratio is at 2.99. In the meantime, Its Debt-to-Equity ratio is 0.69 whereas as Long-Term Debt/Eq ratio is at 0.63.
On May 30, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $11.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 15 ’23 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 ’23. The Chief Operating Officer now owns 98,102 shares after completing the transaction at $1.72 per share. On Sep 08 ’23, 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 198596720 and an Enterprise Value of 167932656. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.24 while its Price-to-Book (P/B) ratio in mrq is 3.23. Its current Enterprise Value per Revenue stands at 2.758 whereas that against EBITDA is -3.497.
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 $1.45. The 50-Day Moving Average of the stock is -14.17%, while the 200-Day Moving Average is calculated to be -5.61%.
Shares Statistics:
CDXS traded an average of 411.41K shares per day over the past three months and 398840 shares per day over the past ten days. A total of 69.91M shares are outstanding, with a floating share count of 68.46M. Insiders hold about 2.97% of the company’s shares, while institutions hold 75.44% stake in the company. Shares short for CDXS as of 1721001600 were 2210896 with a Short Ratio of 4.94, compared to 1718323200 on 2230436. Therefore, it implies a Short% of Shares Outstanding of 2210896 and a Short% of Float of 3.5700000000000003.
