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The closing price of Codexis Inc (NASDAQ: CDXS) was $4.59 for the day, up 0.66% from the previous closing price of $4.56. In other words, the price has increased by $0.66 from its previous closing price. On the day, 0.51 million shares were traded. CDXS stock price reached its highest trading level at $4.71 during the session, while it also had its lowest trading level at $4.47.
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 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:
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 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 373524576 and an Enterprise Value of 325115360. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.83 while its Price-to-Book (P/B) ratio in mrq is 5.09. Its current Enterprise Value per Revenue stands at 5.045 whereas that against EBITDA is -7.102.
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 $1.85. The 50-Day Moving Average of the stock is 30.86%, while the 200-Day Moving Average is calculated to be 39.31%.
Shares Statistics:
CDXS traded an average of 661.67K shares per day over the past three months and 731440 shares per day over the past ten days. A total of 81.38M shares are outstanding, with a floating share count of 78.86M. Insiders hold about 3.10% of the company’s shares, while institutions hold 78.01% stake in the company. Shares short for CDXS as of 1731628800 were 1680708 with a Short Ratio of 2.54, compared to 1728950400 on 2000662. Therefore, it implies a Short% of Shares Outstanding of 1680708 and a Short% of Float of 2.31.
