Codexis Inc (NASDAQ: CDXS) stock suffered a major decline of -10.4% on 1/27/21. The shares closed at $22.17. Moreover, unusually high trading volume at 169% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -16.0% during the last week.
Current PriceTarget Research Rating
CDXS is expected to continue to be a major Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
Codexis has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Codexis has a very low Appreciation Score of 4 but a good Power Rating of 71, resulting in the Negative Value Trend Rating.
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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