Codexis, Inc. (CDXS) Reaches $6.55 After 5.00% Down Move; SAINT JEAN CARBON (TORVF) Sellers Increased By 100% Their Shorts

December 5, 2017 - By Vivian Park

The stock of Codexis, Inc. (NASDAQ:CDXS) is a huge mover today! The stock decreased 5.76% or $0.4 during the last trading session, reaching $6.55. About 74,330 shares traded. Codexis, Inc. (NASDAQ:CDXS) has risen 27.19% since December 5, 2016 and is uptrending. It has outperformed by 10.49% the S&P500.The move comes after 9 months negative chart setup for the $316.67 million company. It was reported on Dec, 5 by Barchart.com. We have $6.22 PT which if reached, will make NASDAQ:CDXS worth $15.83M less.

SAINT JEAN CARBON (OTCMKTS:TORVF) had an increase of 100% in short interest. TORVF’s SI was 1,000 shares in December as released by FINRA. Its up 100% from 500 shares previously. The stock decreased 0.81% or $0.0003 during the last trading session, reaching $0.0367. About 8,500 shares traded or Infinity% up from the average. Saint Jean Carbon Inc. (OTCMKTS:TORVF) has 0.00% since December 5, 2016 and is . It has underperformed by 16.70% the S&P500.

Investors sentiment increased to 2 in 2017 Q2. Its up 0.64, from 1.36 in 2017Q1. It increased, as 7 investors sold Codexis, Inc. shares while 10 reduced holdings. 10 funds opened positions while 24 raised stakes. 23.06 million shares or 31.08% more from 17.59 million shares in 2017Q1 were reported. Manufacturers Life Insurance Com The holds 35,264 shares. Barclays Public Limited Company, United Kingdom-based fund reported 1,297 shares. Wells Fargo & Mn has 0% invested in Codexis, Inc. (NASDAQ:CDXS) for 119,294 shares. Axa holds 0% of its portfolio in Codexis, Inc. (NASDAQ:CDXS) for 117,770 shares. Deutsche Bank & Trust Ag owns 76,417 shares. New York State Common Retirement Fund invested in 0% or 34,400 shares. Retail Bank Of Montreal Can has invested 0% of its portfolio in Codexis, Inc. (NASDAQ:CDXS). Legal & General Plc holds 0% in Codexis, Inc. (NASDAQ:CDXS) or 10,550 shares. Moreover, Bridgeway Capital has 0.02% invested in Codexis, Inc. (NASDAQ:CDXS) for 270,700 shares. Guggenheim Capital Llc reported 11,762 shares stake. Schwab Charles Investment Management has invested 0% in Codexis, Inc. (NASDAQ:CDXS). Intl Group Inc Inc accumulated 25,302 shares or 0% of the stock. Baillie Gifford And holds 0.01% of its portfolio in Codexis, Inc. (NASDAQ:CDXS) for 1.46 million shares. Essex Mgmt Ltd Liability Corp invested in 288,876 shares. Tiaa Cref Investment Mgmt Lc reported 109,557 shares stake.

Codexis, Inc. discovers, develops, and sells protein catalysts. The company has market cap of $316.67 million. It also offers intermediate chemicals products that are used for further chemical processing; and Codex biocatalyst panels and kits that enable clients to perform chemistry screening. It currently has negative earnings. The firm also provides protein catalyst screening and protein engineering services.

Analysts await Codexis, Inc. (NASDAQ:CDXS) to report earnings on March, 8. They expect $0.07 earnings per share, up 158.33% or $0.19 from last year’s $-0.12 per share. CDXS’s profit will be $3.38 million for 23.39 P/E if the $0.07 EPS becomes a reality. After $-0.21 actual earnings per share reported by Codexis, Inc. for the previous quarter, Wall Street now forecasts -133.33% EPS growth.

Among 4 analysts covering Codexis (NASDAQ:CDXS), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Codexis has $11 highest and $3.75 lowest target. $7.06’s average target is 7.79% above currents $6.55 stock price. Codexis had 8 analyst reports since August 12, 2015 according to SRatingsIntel. On Wednesday, January 6 the stock rating was initiated by H.C. Wainwright with “Buy”. Jefferies maintained Codexis, Inc. (NASDAQ:CDXS) on Friday, October 13 with “Buy” rating. The stock has “Buy” rating by Ladenburg Thalmann on Wednesday, January 4. On Wednesday, August 12 the stock rating was downgraded by Zacks to “Hold”. Zacks upgraded Codexis, Inc. (NASDAQ:CDXS) on Wednesday, August 26 to “Hold” rating. First Analysis downgraded the shares of CDXS in report on Thursday, January 26 to “Equal-Weight” rating.

Saint Jean Carbon Inc. engages in the exploration and development of graphite properties in Canada. The company has market cap of $7.11 million. It holds interests in the Mount Copeland property with eight claims covering 1,886.296 hectares located in British Columbia; Walker mine covering 9.02 square km located to the north-east of Ottawa; the Clot property with five claims covering an area of approximately 297.35 ha located to the northwest of Montreal; and the Bell property with 13 claims covering a total area of 781 ha located in Buckingham and Lochaber townships of southwestern Québec, as well as the Buckingham/Kendall property. It currently has negative earnings. The firm was formerly known as Torch River Resources Ltd. and changed its name to Saint Jean Carbon Inc. in October 2013.

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