While Codexis Inc has underperformed by -0.89%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CDXS fell by -29.30%, with highs and lows ranging from $6.08 to $1.90, whereas the simple moving average fell by -35.30% in the last 200 days.
On August 19, 2024, The Benchmark Company Downgraded Codexis Inc (NASDAQ: CDXS) to Hold. Cantor Fitzgerald also rated CDXS shares as ‘Overweight’, setting a target price of $11 on the company’s shares in an initiating report dated May 30, 2024. The Benchmark Company November 07, 2023d its ‘Buy’ rating to ‘Hold’ for CDXS, as published in its report on November 07, 2023. TD Cowen’s report from August 07, 2023 suggests a price prediction of $4 for CDXS shares, giving the stock a ‘Market Perform’ rating. H.C. Wainwright also rated the stock as ‘Neutral’.
Analysis of Codexis Inc (CDXS)
Further, the quarter-over-quarter decrease in sales is -55.82%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Codexis Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -115.53% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.64, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and CDXS is recording an average volume of 879.94K. On a monthly basis, the volatility of the stock is set at 3.75%, whereas on a weekly basis, it is put at 2.25%, with a loss of -9.02% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.08, showing growth from the present price of $2.22, which can serve as yet another indication of whether CDXS is worth investing in or should be passed over.
How Do You Analyze Codexis Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.23%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 82.84% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CDXS shares are owned by institutional investors to the tune of 82.84% at present.
