Ardelyx, Inc. (NASDAQ:ARDX)’s traded shares stood at 801,428 during the last session, with the company’s beta value hitting 1.81. At the close of trading, the stock’s price was $6.95, to imply a decline of 0% or $0 in intraday trading. The ARDX share’s 52-week high remains $8.79, putting it -26.47% down since that peak but still an impressive +39.28% since price per share fell to its 52-week low of $4.22. The company has a valuation of $627.23 Million, with an average of 623.97 Million shares in intraday trading volume over the past 10 days and average of 736.99 Million shares over the past 3 months.

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Analysts have given a consensus recommendation of Buy for Ardelyx, Inc. (ARDX), translating to a mean rating of 1.4. Of 7 analyst(s) looking at the stock, none analyst(s) give ARDX a Sell rating. None of those analysts rate the stock as Overweight while no one advise Hold as 7 recommend it as a Buy. None analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.26.

Ardelyx, Inc. (NASDAQ:ARDX) trade information

After registering a 0% downside in the last session, Ardelyx, Inc. (ARDX) has traded red over the past five days. The stock hit a weekly high of $7.43- this Tuesday, Feb 16, jumping 6.46% in its intraday price action. The 5-day price performance for the stock is -4.4%, and 1.76% over 30 days. With these gigs, the year-to-date price performance is 7.42%. Short interest in Ardelyx, Inc. (NASDAQ:ARDX) saw shorts transact 4.63 Million shares and set a 0.01 days time to cover.

Analysts on Wall Street suggest a consensus price target of $13.83, implying an increase of 98.99% to the stock’s current value. The extremes give us $11 and $15 for target low and target high price respectively. As such, ARDX has been trading 115.83% off suggested target high and 58.27% from its likely low.

Ardelyx, Inc. (ARDX) estimates and forecasts

Looking at statistics comparing Ardelyx, Inc. share performance against respective industry, we note that the company has outperformed competitors. Ardelyx, Inc. (ARDX) shares are +19.42% up over the last 6 months, with its year-to-date growth rate higher than industry average at 31.97% against 17.5%. But the analysts are intensifying their growth estimates for the 2021 fiscal year. Revenue is forecast to grow 3.7% this quarter before falling -16% for the next one. The rating firms project that company’s revenue will grow 30.7% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is $1.42 Million. Meanwhile, for the quarter ending March 01, 2021, a total of 3 analyst(s) estimate revenue growth to $1.1 Million. Earnings reports from the last fiscal year show that sales brought in $2.25 Million and $1.21 Million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to dip -36.9% before falling -9.3% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings fell an estimated -53.5% for the past 5-year period. While 2021 is set for a 9.3% return in earnings, projections for the next 5 years are at 30% annually.

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Ardelyx, Inc. (NASDAQ:ARDX)’s Major holders

Ardelyx, Inc. insiders hold 1.19% of total outstanding shares, with institutional holders owning 86.37% of the shares at 87.42% float percentage. In total, 158 institutions holds shares in the company, led by NEA Management Company, LLC. As of Sep 29, 2020, the company held over 13.63 Million shares (or 15.11% of shares), all amounting to roughly $71.58 Million.

The next major institution holding the largest number of shares is RA Capital Management, L.P. with 6.26 Million shares, or about 6.94% of shares outstanding. As of the market price on Sep 29, 2020, these shares were worth $32.87 Million.

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