Codexis, Inc. (CDXS) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Codexis, Inc. (CDXS) stock forecast summary
Our AI scores Codexis, Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Codexis, Inc. is a small-cap company with a market capitalization of $118M. It ranks number 14 by market capitalization among the 23 Industrial Organic Chemicals issuers in our coverage with a current forecast.
For CDXS, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 44.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 46.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, CDXS included.
CDXS price chart and AI forecast
How CDXS ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Codexis, Inc. (CDXS) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Industrial Organic Chemicals peers listed below that report each metric.
Valuation & Market
| Metric | CDXS | Rank |
|---|---|---|
| Market Cap | $118M | 14/23 |
| P/B Ratio | 3.59x | 3/13 |
| EPS | $-0.47 | – |
| Book Value/Share | $0.30 | – |
| Revenue/Share | $0.78 | – |
| FCF/Share | $-0.11 | – |
Profitability & Margins
| Metric | CDXS | Rank |
|---|---|---|
| ROE | -93.2% | 10/11 |
| ROA | -25.6% | 8/15 |
| ROIC | -28.6% | 15/17 |
| Gross Margin | 85.0% | 2/18 |
| Operating Margin | -32.5% | 11/18 |
| Net Margin | -36.0% | 8/13 |
| EBT Margin | -36.0% | 13/19 |
| Tax Rate | -0.2% | – |
Financial Health
| Metric | CDXS | Rank |
|---|---|---|
| Current Ratio | 3.06x | 8/21 |
| Quick Ratio | 2.99x | 3/15 |
| D/E Ratio | 2.64x | 3/15 |
| Financial Leverage | 3.64x | 3/16 |
| Interest Coverage | -18.5x | 15/18 |
| Working Capital | $48M | 13/20 |
Cash Flow
| Metric | CDXS | Rank |
|---|---|---|
| Operating Cash Flow | -$10M | 17/20 |
| Free Cash Flow | -$12M | 10/15 |
| Capital Spending | -$2M | 2/15 |
| FCF/Sales | -14.3% | 10/15 |
| CapEx/Sales | 2.1% | 11/15 |
Operational Efficiency
| Metric | CDXS | Rank |
|---|---|---|
| Asset Turnover | 0.71x | 9/17 |
| Inventory Turnover | 6.3x | 8/14 |
| Fixed Assets Turnover | 7.2x | 2/16 |
| Days Inventory | 58 days | 7/14 |
| Payables Period | 94 days | 4/12 |
Income Statement
| Metric | CDXS | Rank |
|---|---|---|
| Total Revenue | $85M | 13/16 |
| Operating Income | -$28M | 14/18 |
| Net Income | -$31M | 13/16 |
| R&D Expense | $49M | 3/10 |
| SG&A Expense | $43M | 7/13 |
| Cost of Goods Sold | $10M | 12/17 |
Dividend & Shareholder Information
| Metric | CDXS | Rank |
|---|---|---|
| Shares Outstanding | 110M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $72M | 59.9% of assets |
| Cash & Short-term Investments | $27M | 22.6% of assets |
| Inventory | $2M | 1.3% of assets |
| Total Liabilities | $87M | 72.5% of assets |
| Short-term Debt | $21M | 17.4% of assets |
CDXS quarterly financials and insider trading
Codexis, Inc. (CDXS) industry peers
Companies classified under the same SEC industry code as Codexis, Inc. (Industrial Organic Chemicals): 24 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| CDXS Codexis, Inc. | $118M | |
| IFF International Flavors & Fragrances Inc | $21.08B | |
| LYB Lyondellbasell Industries N.V. | $19.92B | |
| WLK Westlake Corp | $8.47B | |
| MEOH Methanex Corp | $5.13B | |
| SXT Sensient Technologies Corp | $5.07B | |
| REX Rex American Resources Corp | $1.31B | |
| GPRE Green Plains Inc. | $927M | |
| WLKP Westlake Chemical Partners Lp | $752M | |
| BAK Braskem Sa | $434M | |
| GEVO Gevo, Inc. | $344M | |
| ALTO Alto Ingredients, Inc. | $290M | |
| FF Futurefuel Corp. | $237M | |
| LODE Comstock Inc. | $148M | |
| AMTX Aemetis, Inc | $117M | |
| LNZA Lanzatech Global, Inc. | $65M | |
| VGAS Verde Clean Fuels, Inc. | $44M | |
| SAFX Xcf Global, Inc. | $36M | |
| TOMZ Tomi Environmental Solutions, Inc. | $18M | |
| GWTI Greenway Technologies, Inc. & Subsidiaries | $10M | |
| CNEY Cn Energy Group. Inc. | $6M | |
| CLNV Clean Vision Corp | $6M | |
| QGAI Quantum Genesis Ai Corp. | $1M | |
| SUIC Suic Worldwide Holdings Ltd. | N/A |
Where CDXS sits on the market map
Codexis, Inc. (CDXS) stock news
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Codexis, Inc. (CDXS) stock forecast FAQ
What is the Codexis, Inc. (CDXS) stock forecast?
Our AI scores Codexis, Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Codexis, Inc. stock predictions?
For CDXS, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 44.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 46.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Codexis, Inc. forecasts updated?
Codexis, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Codexis, Inc.'s industry peers?
24 issuers in our coverage, CDXS included, share the SEC industry code Industrial Organic Chemicals. The largest are: International Flavors & Fragrances Inc (IFF), Lyondellbasell Industries N.V. (LYB), Westlake Corp (WLK), Methanex Corp (MEOH), Sensient Technologies Corp (SXT), Rex American Resources Corp (REX).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.