On 12/14/23, Codexis Inc (NASDAQ: CDXS) stock enjoyed a major increase of 41.1%, closing at $2.95. Moreover, exceptionally high trading volume at 753% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 35.3% during the last week.
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 F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Codexis has a slightly negative Appreciation Score of 31 and a very low Power Rating of 13, leading to the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
Be the first to comment