Stock Rating Upgrade
The Value Trend Rating for Codexis Inc (NASDAQ: CDXS) improved during the last several trading days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Codexis Inc (NASDAQ: CDXS) stock closed at $3.47 on 3/8/24 after a large decline of -5.2%. Moreover, above average trading volume at 147% of normal accompanied the decline. The stock has declined -25.4% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, CDXS is expected to continue to be a modest Value Eraser.
Codexis has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Codexis has a poor Appreciation Score of 18 but a good Power Rating of 75, producing the Low Neutral Value Trend Rating.
Be the first to comment