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The closing price of Codexis Inc (NASDAQ: CDXS) was $5.14 for the day, down -5.34% from the previous closing price of $5.43. In other words, the price has decreased by -$5.34 from its previous closing price. On the day, 1.03 million shares were traded. CDXS stock price reached its highest trading level at $5.5 during the session, while it also had its lowest trading level at $4.92.
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 Dec 30 ’24 when Opaleye Management Inc. bought 35,000 shares for $4.70 per share. The transaction valued at 164,392 led to the insider holds 8,580,000 shares of the business.
Opaleye Management Inc. bought 10,000 shares of CDXS for $46,603 on Dec 31 ’24. The 10% Owner now owns 8,590,000 shares after completing the transaction at $4.66 per share. On Oct 25 ’24, another insider, Opaleye Management Inc., who serves as the 10% Owner of the company, bought 25,000 shares for $2.91 each. As a result, the insider paid 72,720 and bolstered with 8,545,000 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 441881664 and an Enterprise Value of 369873184. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.05 while its Price-to-Book (P/B) ratio in mrq is 5.70. Its current Enterprise Value per Revenue stands at 5.739 whereas that against EBITDA is -8.08.
Stock Price History:
The Beta on a monthly basis for CDXS is 2.13, which has changed by 1.011111 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, CDXS has reached a high of $6.08, while it has fallen to a 52-week low of $2.53. The 50-Day Moving Average of the stock is 14.36%, while the 200-Day Moving Average is calculated to be 46.83%.
Shares Statistics:
CDXS traded an average of 658.59K shares per day over the past three months and 802030 shares per day over the past ten days. A total of 81.38M shares are outstanding, with a floating share count of 79.18M. Insiders hold about 2.70% of the company’s shares, while institutions hold 77.66% stake in the company. Shares short for CDXS as of 1734048000 were 1901861 with a Short Ratio of 2.89, compared to 1731628800 on 1680708. Therefore, it implies a Short% of Shares Outstanding of 1901861 and a Short% of Float of 2.6099999.
