Somewhat Positive News Coverage Somewhat Unlikely to Impact Codexis (CDXS) Stock Price

News articles about Codexis (NASDAQ:CDXS) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Codexis earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the biotechnology company an impact score of 46.2389476269391 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Codexis (CDXS) opened at $8.35 on Tuesday. Codexis has a twelve month low of $3.60 and a twelve month high of $9.45. The company has a market capitalization of $414.19, a P/E ratio of -12.85 and a beta of -1.59.

Codexis (NASDAQ:CDXS) last announced its quarterly earnings results on Thursday, November 9th. The biotechnology company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.05). Codexis had a negative net margin of 76.37% and a negative return on equity of 140.02%. The company had revenue of $9.98 million for the quarter, compared to analyst estimates of $10.00 million. equities research analysts expect that Codexis will post -0.46 earnings per share for the current fiscal year.

Several brokerages have commented on CDXS. Jefferies Group reiterated a “buy” rating and set a $9.00 price target (up previously from $8.00) on shares of Codexis in a report on Monday, October 2nd. BidaskClub upgraded Codexis from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. HC Wainwright increased their price target on Codexis from $8.00 to $8.50 and gave the company a “buy” rating in a report on Friday, October 13th. Finally, Zacks Investment Research upgraded Codexis from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Codexis presently has a consensus rating of “Buy” and an average price target of $7.81.

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Codexis Company Profile

Codexis, Inc is a developer of biocatalysts for the pharmaceutical and fine chemicals markets. The Company’s CodeEvolver protein engineering technology platform, which introduces genetic mutations into genes in order to give rise to changes in the enzymes that they produce, overcomes many of the limitations, allowing customers to evolve and optimize biocatalysts to perform specific and desired chemical reactions at commercial scale.

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