BlackRock Fund Advisors has recently announced that it has increased stake in Codexis Inc. (NASDAQ:CDXS) by 1.97%. After grabbing 5.21 million shares, the institutional investor is now in possession of 0.1 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 7.47% having worth around $8.65 million. Moreover, Nantahala Capital Management LLC increased its share by 33780.0 to have a control over 5.07 million shares. And Fidelity Management & Research Co raised its holdings to 2.47 million shares by acquiring 4.11 million shares or 5.89% of the stake.
Codexis Inc. (CDXS) concluded trading on 12/14/23 at a closing price of $2.95, with 5.93 million shares of worth about $17.5 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.79% during that period and on Thursday the price saw a gain of about 41.15%. Currently the company’s common shares owned by public are about 69.83M shares, out of which, 67.10M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 43 times over the past 12 months. They bought 1,324,460 shares in 26 of the transactions. In 17 selling transactions, insiders dumped 413,966 shares.
Vanguard Total Stock Market ETF, Edinburgh Worldwide Investment Tr, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Codexis Inc. Vanguard Total Stock Market ETF is currently holding 2.07 million shares of worth totaling $3.44 million. The company recently came selling -0.14 million shares which brought its stake up to 2.97% of the company’s outstanding shares. iShares Russell 2000 ETF, after selling 1.6 million shares, have now control over 2.29% of the stake in the company. It holds 16048.0 shares of worth $2.65 million.
However, the stock later moved at a day high price of 3.0200, or with a gain of 41.15%. Stock saw a price change of 34.09% in past 5 days and over the past one month there was a price change of 50.51%. Year-to-date (YTD), CDXS shares are showing a performance of -36.70% which decreased to -46.56% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.45 but also hit the highest price of $6.98 during that period. The average intraday trading volume for Codexis Inc. shares is 782.06K. The stock is currently trading 36.65% above its 20-day simple moving average (SMA20), while that difference is up 51.40% for SMA50 and it goes to 8.11% higher than SMA200.
BlackRock Fund Advisors acquired 5.21 million shares of Codexis Inc. having value of about $8.65 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.1 million shares in the company valued at close to $296781.8, or have control over 1.97% stake in the company. Codexis Inc. (NASDAQ: CDXS) currently have 69.83M outstanding shares and institutions hold larger chunk of about 80.33% of that. Holding of mutual funds in the company is about 39.83% while other institutional holders and individual stake holders have control over 40.76% and 29.72% of the stake respectively.
The stock has a current market capitalization of $206.00M and its 3Y-monthly beta is at 1.83. It has posted earnings per share of -$1.21 in the same period. It has Quick Ratio of 2.62 while making debt-to-equity ratio of 0.22. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CDXS, volatility over the week remained 14.91% while standing at 9.59% over the month.
Analysts are in expectations that Codexis Inc. (CDXS) stock would likely to be making an EPS of -$0.16 in the current quarter, while forecast for next quarter EPS is -$0.18 and it is -$0.66 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.31 which is -$0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.14 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -130.81% while it is estimated to increase by 44.07% in next year. EPS is likely to grow at an annualized rate of 15.00% for next 5-years, compared to annual growth of -0.66% made by the stock over the past 5-years.
