Ardelyx Inc (NASDAQ: ARDX)’s Stock Performance and Outlook

In the last trading session, 5.54 million Ardelyx Inc (NASDAQ:ARDX) shares changed hands as the company’s beta touched 0.83. With the company’s per share price at $6.80 changed hands at -$0.26 or -3.68% during last session, the market valuation stood at $1.58B. ARDX’s last price was a discount, traded about -48.97% off its 52-week high of $10.13. The share price had its 52-week low at $3.16, which suggests the last value was 53.53% up since then. When we look at Ardelyx Inc’s average trading volume, we note the 3-month average coming to 5.67 million.

Ardelyx Inc (NASDAQ:ARDX) trade information

Instantly ARDX was in red as seen at the end of in last trading. With action -7.10%, the performance over the past five days has been red. The drop to weekly highs of 7.59 subtracted -3.68% to the stock’s daily price. The company’s shares are showing year-to-date upside of 9.68%, with the 5-day performance at -7.10% in the red. However, in the 30-day time frame, Ardelyx Inc (NASDAQ:ARDX) is -15.32% down.

Ardelyx Inc (ARDX) estimates and forecasts

Data shows that the Ardelyx Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 106.69% over the past 6 months, a -46.67% in annual growth rate that is considerably lower than the industry average of 9.40%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 28.61%. The 2024 estimates are for Ardelyx Inc earnings to decrease by -37.03%, but the outlook for the next 5-year period is at 30.00% per year.

ARDX Dividends

Ardelyx Inc is expected to release its next quarterly earnings report in May.