During the last session, Ardelyx Inc (NASDAQ:ARDX)’s traded shares were 5.17 million, with the beta value of the company hitting 0.86. At the end of the trading day, the stock’s price was $6.31, reflecting an intraday loss of -1.87% or -$0.12. The 52-week high for the ARDX share is $10.13, that puts it down -60.54 from that peak though still a striking 49.92% gain since the share price plummeted to a 52-week low of $3.16. The company’s market capitalization is $1.47B, and the average trade volume was 5.53 million shares over the past three months.
Ardelyx Inc (NASDAQ:ARDX) trade information
Ardelyx Inc (ARDX) registered a -1.87% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.87% in intraday trading to $6.31, hitting a weekly high. The stock’s 5-day price performance is -2.02%, and it has moved by -14.96% in 30 days. Based on these gigs, the overall price performance for the year is 36.88%.
Ardelyx Inc (ARDX) estimates and forecasts
Statistics show that Ardelyx Inc has underperformed its competitors in share price, compared to the industry in which it operates. Ardelyx Inc (ARDX) shares have gone up 66.93% during the last six months, with a year-to-date growth rate less than the industry average at -46.67% against 10.20. In the rating firms’ projections, revenue will increase 66.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 35.81M as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 46.97M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 11.37M and 15.27M respectively. In this case, analysts expect current quarter sales to grow by 215.00% and then jump by 207.60% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 28.61%. While earnings are projected to return -48.52% in 2024, the next five years will return 30.00% per annum.
ARDX Dividends
Ardelyx Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
