Codexis, Inc.

Codexis, Inc.

CDXSยทNASDAQ

$2.72

+1.1%
HealthcareBiotechnology

Codexis, Inc. discovers, develops, and sells enzymes and other proteins. It offers biocatalyst products and services; intermediate chemicals products that are used for further chemical processing; and Codex biocatalyst panels and kits that enable customers to perform chemistry screening. The company also provides biocatalyst screening and protein engineering services. In addition, it offers CodeEvolver protein engineering technology platform, which helps in developing and delivering biocatalysts that perform chemical transformations and enhance the efficiency and productivity of manufacturing processes. The company's platform is also used to discover novel biotherapeutic drug candidates for targeted human diseases, as well as for molecular biology and in vitro diagnostic enzymes. It sells its products to pharmaceutical manufacturers through its direct sales and business development force in the United States and Europe. The company was incorporated in 2002 and is headquartered in Redwood City, California.

At a Glance

Live Snapshot
Market Cap$247.24M
EPS-0.5000
P/E Ratio-5.44
Earnings Date08/12/2026
cdxs

Codexis, Inc. Street Expectations Map

CDXS ยท NASDAQ

Wall Street analysts project that CDXS stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 5.00, with estimates ranging from a low of 5.00 to a high of 5.00.

Lowest Target
5.00
83.82%
Consensus Target
5.00
83.82%
Highest Target
5.00
83.82%

The consensus 1-year price target stands at 5.00, with estimates ranging from a low of 5.00 to a high of 5.00.

Analyst Consensus Analysis

Upside Potential

+83.8%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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Codexis, Inc. Forward Estimates of Revenue

CDXS ยท NASDAQ
Latest Revenue
70.39M
FY 2025
Avg Estimate
70.80M
FY 2026
Estimate Range
54.28M - 83.45M
Analyst Spread

Forward Growth Analysis

Projected Growth+0.6%

Flat growth suggests market maturity or near-term challenges offsetting expansion efforts.

Analyst Coverage5 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread41%

Wide estimate range reveals significant forecast uncertainty and potential volatility.

OutlookCautious

Analyst skepticism evidentโ€”carefully evaluate risks before investment decisions.

Key Insight

High forecast uncertainty: Wide estimate range indicates analysts struggling to predict outcomesโ€”suggests elevated risk and potential volatility.

cdxs

Codexis, Inc. Forward Estimates of Net Income

CDXS ยท NASDAQ
Latest Net Income
-43.97M
FY 2025
Avg Estimate
-35.92M
FY 2026
Estimate Range
-53.42M - -10.69M
Analyst Spread

Forward Growth Analysis

Projected Growth+18.3%

Solid growth trajectory indicates healthy business performance and competitive positioning.

Analyst Coverage5 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread119%

Wide estimate range reveals significant forecast uncertainty and potential volatility.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

Key Insight

High forecast uncertainty: Wide estimate range indicates analysts struggling to predict outcomesโ€”suggests elevated risk and potential volatility.

cdxs

Codexis, Inc. Forward Estimates of EPS

CDXS ยท NASDAQ
Latest EPS
-0.50
FY 2025
Avg Estimate
$-0.44
FY 2026
Estimate Range
$-0.73 - $-0.15
Analyst Spread

Forward Growth Analysis

Projected Growth+12.7%

Solid growth trajectory indicates healthy business performance and competitive positioning.

Analyst Coverage3 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread133%

Wide estimate range reveals significant forecast uncertainty and potential volatility.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

Key Insight

High forecast uncertainty: Wide estimate range indicates analysts struggling to predict outcomesโ€”suggests elevated risk and potential volatility.

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Codexis, Inc. Forward Estimates of EBIT

CDXS ยท NASDAQ
Latest EBIT
-38.33M
FY 2025
Avg Estimate
-36.20M
FY 2026
Estimate Range
-42.67M - -27.75M
Analyst Spread

Forward Growth Analysis

Projected Growth+5.6%

Moderate growth expected, typical for mature businesses with stable market positions.

Analyst Coverage5 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread41%

Wide estimate range reveals significant forecast uncertainty and potential volatility.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

Key Insight

High forecast uncertainty: Wide estimate range indicates analysts struggling to predict outcomesโ€”suggests elevated risk and potential volatility.

cdxs

Codexis, Inc. Forward Estimates of EBITDA

CDXS ยท NASDAQ
Latest EBITDA
-30.04M
FY 2025
Avg Estimate
-32.83M
FY 2026
Estimate Range
-38.70M - -25.17M
Analyst Spread

Forward Growth Analysis

Projected Growth-9.3%

Declining expectations indicate headwindsโ€”investigate whether temporary or structural issues.

Analyst Coverage5 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread41%

Wide estimate range reveals significant forecast uncertainty and potential volatility.

OutlookCautious

Analyst skepticism evidentโ€”carefully evaluate risks before investment decisions.

Key Insight

Declining estimates with wide disagreement: Analysts projecting contraction without consensus signals significant business uncertaintyโ€”exercise caution.

cdxs

Codexis, Inc. Forward Estimates of SG&A Expense

CDXS ยท NASDAQ
Latest SG&A Expense
47.07M
FY 2025
Avg Estimate
43.09M
FY 2026
Estimate Range
33.04M - 50.79M
Analyst Spread

Forward Growth Analysis

Projected Growth-8.5%

Declining expectations indicate headwindsโ€”investigate whether temporary or structural issues.

Analyst Coverage5 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread41%

Wide estimate range reveals significant forecast uncertainty and potential volatility.

OutlookCautious

Analyst skepticism evidentโ€”carefully evaluate risks before investment decisions.

Key Insight

Declining estimates with wide disagreement: Analysts projecting contraction without consensus signals significant business uncertaintyโ€”exercise caution.

cdxs

Codexis, Inc. Insider Positioning

CDXS ยท NASDAQ

During the last 12 months, insiders have purchased $3.82M and sold $2.75M worth of CDXS shares, resulting in $1.08M of net buying activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

20.7K

27.85K

Net Activity

-28K

-$28K

6-9 Months

Bought

1.3M

2.49M

Sold

1.6M

2.72M

Net Activity

-232K

-$232K

9-12 Months

Bought

545.0K

1.34M

Sold

0

0.00

Net Activity

+1.3M

+$1.34M

Top Buyers

1
OMI

Opaleye Management Inc.

10 Percent Owner

1.9M sharesโ€ข12 transactions

$3.82M

Top Sellers

1
OMI

Opaleye Management Inc.

10 Percent Owner

1.5M sharesโ€ข6 transactions

$2.67M

2
MA

Moore Alison

Director, Officer: President And Ceo

10.1K sharesโ€ข2 transactions

$21K

3
EG

Erbez Georgia

Officer: See Remarks

10.1K sharesโ€ข2 transactions

$21K

4
LS

Lutz Stefan

Officer: Chief Scientific Officer

13.0K sharesโ€ข3 transactions

$18K

5
WDP

Wolf Dennis P

Director

9.0K sharesโ€ข1 transactions

$14K

Insider Activity Analysis

Net Insider Sentiment

Bullish

Moderately bullish with $1.08M net buying. Insiders show cautious optimism through measured share purchases.

Buy/Sell Ratio

1.39:1

Positive buy/sell ratio. Buying exceeds or matches selling, indicating net positive insider sentiment.

Insider Participation

High Selling

5 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.