Codexis Inc (NASDAQ: CDXS) stock closed at $4.15 on 2/27/24 after a major increase of 29.7%. Moreover, trading volume in this advance was exceptionally high at 504% of normal. The stock has risen 30.5% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, CDXS is expected to continue to be a modest Value Eraser.
Codexis has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Codexis has a poor Appreciation Score of 22 but a neutral Power Rating of 56, and the Negative Value Trend Rating results.
Rating Review
In light of this very positive 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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