In today’s recent session, 1.17 million shares of the Ardelyx Inc (NASDAQ:ARDX) have been traded, and its beta is 0.80. Most recently the company’s share price was $6.05, and it changed around -$0.2 or -3.12% from the last close, which brings the market valuation of the company to $1.42B. ARDX at last check was trading at a discount to its 52-week high of $10.13, offering almost -67.44% off that amount. The share price’s 52-week low was $3.16, which indicates that the recent value has risen by an impressive 47.77% since then. We note from Ardelyx Inc’s average daily trading volume that its 3-month average coming to 4.90 million.
Ardelyx Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 0 recommended ARDX as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Ardelyx Inc is expected to report earnings per share of -0.1 for the current quarter.
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Ardelyx Inc (NASDAQ:ARDX) trade information
Instantly ARDX has been showing red trend so far today with a performance of -3.12% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -2.34% year-to-date, but still down -3.74% over the last five days. On the other hand, Ardelyx Inc (NASDAQ:ARDX) is -18.62% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to increase their stock price by 24.38% from its current value. Analyst projections state that ARDX is forecast to be at a low of $2 and a high of $15.
Ardelyx Inc (ARDX) estimates and forecasts
Ardelyx Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -3.74 percent over the past six months and at a -20.00% annual growth rate that is well below the industry average of 13.20%. The year-over-year growth rate is expected to be 97.40%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 55.26M in revenue for the current quarter. 9 analysts expect Ardelyx Inc to make 66.3M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 15.27M and 22.57M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 261.90%. Forecasts for the next quarter put sales growth at 193.80%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 28.61%. Ardelyx Inc earnings are expected to increase by -14.13% in 2024, but the outlook is positive 30.00% per year for the next five years.
ARDX Dividends
Ardelyx Inc’s next quarterly earnings report is expected to be released in July.
