Codexis Inc. (NASDAQ:CDXS) traded today at a new 52-week high of $34.45. This new high was reached on below average trading volume as 299,000 shares traded hands, while the average 30-day volume is approximately 887,000 shares.
Codexis Inc is involved in the business of providing enzyme optimization services, commercialization of proteins, and developing biocatalyst products. The firm's products and services include Screening and Evolution services, Enzymes, Screening Kits. It also develops protein engineering and biocatalyst platforms such as Codeevolver, Ketoreductases, Transminases, Imine reductases, etc. The company operates in two business segments namely Performance Enzymes and Novel Biotherapeutics. It generates maximum revenue from the Performance Enzymes segment.
Over the past year, Codexis Inc. has traded in a range of $12.79 to $34.45 and is now at $34.22, 168% above that low.
Codexis Inc. (NASDAQ:CDXS) has potential upside of 5.6% based on a current price of $34.22 and analysts' consensus price target of $36.12.
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