Ardelyx Inc (NASDAQ:ARDX) has a beta value of 0.83 and has seen 7.83 million shares traded in the last trading session. The company, currently valued at $1.75B, closed the last trade at $7.50 per share which meant it gained $0.34 on the day or 4.75% during that session. The ARDX stock price is -35.07% off its 52-week high price of $10.13 and 57.87% above the 52-week low of $3.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.46 million shares traded. The 3-month trading volume is 6.39 million shares.
Ardelyx Inc (NASDAQ:ARDX) trade information
Sporting 4.75% in the green in last session, the stock has traded in the green over the last five days, when the ARDX stock price touched $7.50 or saw a rise of 4.7%. Year-to-date, Ardelyx Inc shares have moved 20.97%, while the 5-day performance has seen it change 2.74%. Over the past 30 days, the shares of Ardelyx Inc (NASDAQ:ARDX) have changed -21.30%. Short interest in the company has seen 36.31 million shares shorted with days to cover at 5.93.
Ardelyx Inc (ARDX) estimates and forecasts
Figures show that Ardelyx Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 85.64% over the past 6 months, with this year growth rate of -46.67%, compared to 9.20% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 28.61% over the past 5 years. Earnings growth for 2024 is a modest -37.03% while over the next 5 years, the company’s earnings are expected to increase by 30.00%.
ARDX Dividends
Ardelyx Inc is expected to release its next earnings report between May 01 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Ardelyx Inc (NASDAQ:ARDX)’s Major holders
Insiders own 1.88% of the company shares, while shares held by institutions stand at 59.71% with a share float percentage of 60.85%. Investors are also buoyed by the number of investors in a company, with Ardelyx Inc having a total of 228 institutions that hold shares in the company. The top two institutional holders are State Street Corporation with over 22.44 million shares worth more than $76.06 million. As of Jun 29, 2023, State Street Corporation held 10.30% of shares outstanding.
The other major institutional holder is Janus Henderson Group PLC, with the holding of over 21.83 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $73.99 million and represent 10.02% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Vanguard Total Stock Market Index Fund. As of Aug 30, 2023, the former fund manager holds about 8.08% shares in the company for having 17.61 million shares of worth $75.03 million while later fund manager owns 6.87 million shares of worth $23.28 million as of Jun 29, 2023, which makes it owner of about 3.15% of company’s outstanding stock.
