Stocks of Codexis Inc. (NASDAQ:CDXS) traded higher last session on Wall Street, down -8.39% to $2.73.
CDXS stock price is now -15.80% away from the 50-day moving average and 0.59% away from the 200-day moving average. The market capitalization of the company currently stands at $192.63M.
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On May 30, 2024, Cantor Fitzgerald recently initiated its ‘Overweight’ rating on the stock quoting a target price of $11, while ‘The Benchmark Company’ rates the stock as ‘Buy’
In other news, Dorgan Byron L, Director sold 20,000 shares of the company’s stock on Nov 15 ’23. The stock was sold for $42,168 at an average price of $2.11. Upon completion of the transaction, the Director now directly owns 193,461 shares in the company, valued at $0.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11 ’23, Chief Operating Officer Norrett Kevin bought 9,000 shares of the business’s stock. A total of $15,479 was incurred on buying the stock at an average price of $1.72. This leaves the insider owning 98,102 shares of the company worth $0.27 million. A total of 2.97% of the company’s stock is owned by insiders.
During the past 12 months, Codexis Inc. has had a low of $1.45 and a high of $4.91. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 3.71, and a quick ratio of 3.63. The fifty day moving average price for CDXS is $3.2326 and a two-hundred day moving average price translates $2.7191 for the stock.
The latest earnings results from Codexis Inc. (NASDAQ: CDXS) was released for 2024-03-31. The net profit margin was -87.73% and return on equity was -63.45% for CDXS. The company reported revenue of $17.07 million for the quarter, compared to $12.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.51 percent.
