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Codexis Inc. (CDXS) Reveals an Earnings Mystery

Codexis Inc. (NASDAQ:CDXS) went down by -7.06% from its latest closing price compared to the recent 1-year high of $42.01. The company’s stock price has collected -14.50% of loss in the last five trading sessions.

Is It Worth Investing in Codexis Inc. (NASDAQ :CDXS) Right Now?

Plus, the 36-month beta value for CDXS is at 1.56. Opinions of the stock are interesting as 8 analysts out of 8 who provided ratings for Codexis Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $18.38, which is $12.19 above the current price. CDXS currently public float of 63.77M and currently shorts hold a 8.63% ratio of that float. Today, the average trading volume of CDXS was 1.05M shares.

CDXS’s Market Performance

CDXS stocks went down by -14.50% for the week, with a monthly drop of -18.66% and a quarterly performance of -40.65%, while its annual performance rate touched -75.72%. The volatility ratio for the week stands at 5.33% while the volatility levels for the past 30 days are set at 6.23% for Codexis Inc. The simple moving average for the period of the last 20 days is -13.79% for CDXS stocks with a simple moving average of -60.52% for the last 200 days.

Analysts’ Opinion of CDXS

Many brokerage firms have already submitted their reports for CDXS stocks, with Piper Sandler repeating the rating for CDXS by listing it as a “Overweight.” The predicted price for CDXS in the upcoming period, according to Piper Sandler is $35 based on the research report published on March 31st of the current year 2022.

Piper Sandler gave a rating of “Overweight” to CDXS, setting the target price at $32 in the report published on April 12th of the previous year.

CDXS Trading at -20.04% from the 50-Day Moving Average

After a stumble in the market that brought CDXS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -85.27% of loss for the given period.

Volatility was left at 6.23%, however, over the last 30 days, the volatility rate increased by 5.33%, as shares sank -20.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -51.14% lower at present.

During the last 5 trading sessions, CDXS fell by -14.50%, which changed the moving average for the period of 200-days by -80.31% in comparison to the 20-day moving average, which settled at $7.10. In addition, Codexis Inc. saw -80.20% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CDXS starting from NICOLS JOHN J, who sale 39,000 shares at the price of $8.78 back on Aug 15. After this action, NICOLS JOHN J now owns 1,022,679 shares of Codexis Inc., valued at $342,580 using the latest closing price.

NICOLS JOHN J, the Director of Codexis Inc., sale 38,500 shares at $8.62 during a trade that took place back on Aug 12, which means that NICOLS JOHN J is holding 1,022,679 shares at $331,774 based on the most recent closing price.

Stock Fundamentals for CDXS

Current profitability levels for the company are sitting at:

  • -21.67 for the present operating margin
  • +75.83 for the gross margin

The net margin for Codexis Inc. stands at -20.31. Equity return is now at value -11.60, with -8.00 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 4.85.

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