Codexis Inc

Codexis Inc Stock Forecast & Price Prediction

Live Codexis Inc Stock (CDXS) Price
$5.67

7

Ratings

  • Buy 5
  • Hold 2
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$5.67

P/E Ratio

-5.06

Volume Traded Today

$1.8M

Dividend

Dividends not available for CDXS

52 Week High/low

5.96/1.85

Codexis Inc Market Cap

$461.4M

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CDXS Summary

From what 7 stock analysts predict, the share price for Codexis Inc (CDXS) might increase by 26.4% in the next year. This is based on a 12-month average estimation for CDXS. Price targets go from $3 to $11. The majority of stock analysts believe CDXS is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

CDXS Analyst Ratings

CDXS is a stock in Healthcare which has been forecasted to be worth $7.16667 as an average. On the higher end, the forecast price is $11 USD by Brandon Couillard from Jefferies and on the lower end CDXS is forecasted to be $3 by from Piper Sandler.

CDXS stock forecast by analyst

These are the latest 20 analyst ratings of CDXS.

Analyst/Firm

Rating

Price Target

Change

Date

Kristen Kluska
Cantor Fitzgerald

Overweight

$11

Reiterates

Nov 22, 2024
Kristen Kluska
Cantor Fitzgerald

Overweight

$11

Reiterates

Nov 15, 2024
Robert Wasserman
Benchmark

Hold


Reiterates

Nov 4, 2024
Kristen Kluska
Cantor Fitzgerald

Overweight

$11

Reiterates

Sep 20, 2024
Kristen Kluska
Cantor Fitzgerald

Overweight

$11

Reiterates

Aug 29, 2024
Robert Wasserman
Benchmark

Hold


Downgrade

Aug 19, 2024
Kristen Kluska
Cantor Fitzgerald

Overweight

$11

Reiterates

Aug 9, 2024
Kristen Kluska
Cantor Fitzgerald

Overweight

$11

Initiates

May 30, 2024
Robert Wasserman
Benchmark

Buy

$9

Reiterates

May 3, 2024
Robert Wasserman
Benchmark

Buy

$9

Upgrade

Feb 29, 2024
Robert Wasserman
Benchmark

Hold


Downgrade

Nov 7, 2023
Kashy Harrison
Piper Sandler

Overweight

$10

Maintains

Nov 6, 2023
Robert Wasserman
Benchmark

Buy

$9

Reiterates

Sep 1, 2023

Stifel

Buy


Maintains

Aug 14, 2023

Stephens & Co.

Overweight


Reiterates

Jul 21, 2023
Robert Wasserman
Benchmark

Buy

$9

Maintains

May 9, 2023
Swayampakula Ramakanth
HC Wainwright & Co.

Neutral


Downgrade

May 9, 2023
Kashy Harrison
Piper Sandler

Overweight

$14

Maintains

Apr 17, 2023
Swayampakula Ramakanth
HC Wainwright & Co.

Buy

$9

Maintains

Feb 27, 2023
Do Kim
Piper Sandler

Overweight

$23

Maintains

Jan 19, 2023

CDXS Company Information

What They Do: Develops and sells enzymes and proteins.

Business Model: Codexis, Inc. operates through two main segments: Performance Enzymes and Novel Biotherapeutics. The company generates revenue by offering biocatalyst products and services, including screening and protein engineering. It employs its proprietary CodeEvolver technology platform to enhance manufacturing processes and develop novel biocatalysts.

Other Information: Founded in 2002 and based in Redwood City, California, Codexis has a strategic collaboration with Nestlรฉ Health Science to advance treatments for specific health conditions. The company's sales efforts are focused on pharmaceutical manufacturers in the U.S. and Europe.
CDXS
Codexis Inc (CDXS)

When did it IPO

2010

Staff Count

174

Country

United States

Sector/Industry

Healthcare/Biotechnology

CEO

Dr. Stephen George Dilly MBBS, Ph.D.

Market Cap

$461.4M

Codexis Inc (CDXS) Financial Data

In 2023, CDXS generated $70.1M in revenue, which was a decrease of -49.39% from the previous year. This can be seen as a signal that CDXS's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$69.1M

Revenue From 2021

$104.8M

51.69 %
From Previous Year

Revenue From 2022

$138.6M

32.30 %
From Previous Year

Revenue From 2023

$70.1M

-49.39 %
From Previous Year
  • Revenue TTM $64.4M
  • Operating Margin TTM -129.0%
  • Gross profit TTM $57.3M
  • Return on assets TTM -21.0%
  • Return on equity TTM -75.3%
  • Profit Margin -96.3%
  • Book Value Per Share 0.90%
  • Market capitalisation $461.4M
  • Revenue for 2021 $104.8M
  • Revenue for 2022 $138.6M
  • Revenue for 2023 $70.1M
  • EPS this year (TTM) $-0.88

Codexis Inc (CDXS) Latest News

News Image

Fri, 06 Dec 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Codexis, Inc. announced equity grants to five new employees, totaling 168,400 stock options and 39,750 restricted stock units, approved by its Compensation Committee.

Why It Matters - Equity grants to new employees often signal company growth and confidence in future performance, potentially impacting stock value and investor sentiment positively.

News Image

Tue, 19 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Codexis, Inc. (NASDAQ: CDXS) will attend the Piper Sandler 36th Annual Healthcare Conference from December 3-5, 2024, in New York, focusing on enzymatic solutions for therapeutics manufacturing.

Why It Matters - Codexis's attendance at a major healthcare conference may signal potential partnerships, innovations, or investments, influencing market perception and stock performance.

News Image

Thu, 14 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Codexis, Inc. (NASDAQ: CDXS) presented four synthesis routes for approved siRNA therapy and showcased superior double-stranded RNA ligases at TIDES Europe. A conference call is scheduled for 4:30 PM EST.

Why It Matters - Codexis' breakthrough in siRNA synthesis and superior enzyme performance could enhance its market position, potentially boosting revenue and investor confidence in upcoming developments.

News Image

Mon, 11 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Codexis, Inc. will present four siRNA synthesis routes and a comparative study of its RNA ligase at TIDES Europe, Nov. 12-14, 2024, and will hold a conference call on Nov. 14 to discuss data.

Why It Matters - Codexis's presentations on siRNA synthesis highlight its innovation in therapeutics manufacturing, potentially boosting investor confidence and influencing stock performance.

News Image

Tue, 12 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Codexis, Inc. (NASDAQ: CDXS) has appointed Raymond De Vrรฉ, PhD, to its Board of Directors, enhancing its leadership in enzymatic solutions for therapeutics manufacturing.

Why It Matters - Raymond De Vrรฉ's appointment could enhance Codexis's strategic direction and governance, potentially impacting innovation and growth prospects, influencing investor confidence and stock performance.

News Image

Mon, 04 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Codexis, Inc. (NASDAQ: CDXS) will participate in four upcoming investor conferences, highlighting its role in enzymatic solutions for therapeutics manufacturing.

Why It Matters - Codexis's participation in multiple investor conferences signals potential growth and engagement, which may attract investor interest and affect stock performance positively.

...

CDXS Frequently asked questions

The highest forecasted price for CDXS is $11 from Brandon Couillard at Jefferies.

The lowest forecasted price for CDXS is $3 from from Piper Sandler

The CDXS analyst ratings consensus are 5 buy ratings, 2 hold ratings, and 0 sell ratings.