BlackRock Fund Advisors recently announced the acquisition of new stake in Codexis Inc. (NASDAQ:CDXS). The institutional investor has increased its shareholding in the Healthcare company by 1.97% to 5.21 million shares with purchase of 0.1 million shares. This fresh investment now brings its stake to 7.46% valued currently at $15.9 million. In addition, Nantahala Capital Management LLC raised its holdings by 33780.0 to 5.07 million shares. And Fidelity Management & Research Co has lifted its position by 151.08% or 2.47 million shares – to 4.11 million shares.
With over 0.45 million Codexis Inc. (CDXS) shares trading Friday and a closing price of $2.86 on the day, the dollar volume was approximately $1.29 million. The shares have shown a negative half year performance of -8.92% and its price on 01/12/24 lost nearly -0.69%. Currently, there are 69.83M common shares owned by the public and among those 66.80M shares have been available to trade.
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Insiders at the company have transacted a total of 42 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 1,286,582 shares. Insider sales of the common stock occurred on 17 occasions, with total insider shares sold totaling 413,966 shares.
The top 3 mutual fund holders in Codexis Inc. are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Old Westbury Small & Mid Cap Stra. Vanguard Total Stock Market ETF owns 2.07 million shares of the company’s stock, all valued at over $6.32 million. iShares Russell 2000 ETF sold 4896.0 shares to see its total holdings shrink to 1.85 million shares valued at over $5.63 million and representing 2.65% of the shares outstanding. Old Westbury Small & Mid Cap Stra now owns shares totaling to 1.76% of the shares outstanding.
Shares of Codexis Inc. (NASDAQ: CDXS) opened at $2.96, up $0.08 from a prior closing price of $2.88. However, the script later moved the day high at 3.0550, down -0.69%. The company’s stock has a 5-day price change of 2.51% and 48.19% over the past three months. CDXS shares are trading -6.23% year to date (YTD), with the 12-month market performance down to -50.77% lower. It has a 12-month low price of $1.45 and touched a high of $6.98 over the same period. CDXS has an average intraday trading volume of 807.78K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.30%, 19.89%, and 9.52% respectively.
Institutional ownership of Codexis Inc. (NASDAQ: CDXS) shares accounts for 79.32% of the company’s 69.83M shares outstanding. Mutual fund holders own 39.02%, while other institutional holders and individual stakeholders account for 40.54% and 30.15% respectively.
It has a market capitalization of $199.71M and a beta (3y monthly) value of 1.89. The earnings-per-share (ttm) stands at -$1.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.60% over the week and 10.38% over the month.
Analysts forecast that Codexis Inc. (CDXS) will achieve an EPS of $ChromaDex Corporation for the current quarter, $1.45 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Codexis, Inc. while analysts give the company a high EPS estimate of $Advaxis, Inc.. Comparatively, EPS for the current quarter was $Simplify Exchange Traded Funds a year ago. Earnings per share for the fiscal year are expected to decrease by -129.13%, and 44.66% over the next financial year. EPS should grow at an annualized rate of 15.00% over the next five years, compared to -0.66% over the past 5-year period.
