In last trading session, Ardelyx Inc (NASDAQ:ARDX) saw 6.77 million shares changing hands with its beta currently measuring 0.78. Company’s recent per share price level of $6.79 trading at $0.18 or 2.72% at ring of the bell on the day assigns it a market valuation of $1.58B. That closing price of ARDX’s stock is at a discount of -49.19% from its 52-week high price of $10.13 and is indicating a premium of 53.46% from its 52-week low price of $3.16. Taking a look at company’s average trading volume volume of 5.54 million if we extend that period to 3-months.
Ardelyx Inc (NASDAQ:ARDX) trade information
Upright in the green during last session for gaining 2.72%, in the last five days ARDX remained trading in the green while hitting it’s week-highest on Wednesday, 05/01/24 when the stock touched $6.79 price level, adding 2.3% to its value on the day. Ardelyx Inc’s shares saw a change of 9.52% in year-to-date performance and have moved 7.61% in past 5-day. Ardelyx Inc (NASDAQ:ARDX) showed a performance of -7.62% in past 30-days.
Ardelyx Inc (ARDX) estimates and forecasts
Statistics highlight that Ardelyx Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 71.90% of value to its shares in past 6 months, showing an annual growth rate of -46.67% while that of industry is 11.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 67.20% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 36.4M for the same. And 10 analysts are in estimates of company making revenue of 47.15M in the next quarter. Company posted 11.37M and 15.27M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 28.61% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -53.23% while estimates for its earnings growth in next 5 years are of 30.00%.
ARDX Dividends
Ardelyx Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
