Ardelyx Inc (NASDAQ:ARDX) has a beta value of 0.89 and has seen 0.98 million shares traded in the recent trading session. The company, currently valued at $1.34B, closed the recent trade at $5.68 per share which meant it lost -$0.02 on the day or -0.35% during that session. The ARDX stock price is -78.35% off its 52-week high price of $10.13 and 44.37% 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 5.05 million shares traded. The 3-month trading volume is 4.56 million shares.
The consensus among analysts is that Ardelyx Inc (ARDX) is Buy stock at the moment, with a recommendation rating of 1.20. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 8 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.05.
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Ardelyx Inc (NASDAQ:ARDX) trade information
Sporting -0.35% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ARDX stock price touched $5.68 or saw a rise of 8.39%. Year-to-date, Ardelyx Inc shares have moved -8.39%, while the 5-day performance has seen it change -2.57%. Over the past 30 days, the shares of Ardelyx Inc (NASDAQ:ARDX) have changed -3.57%. Short interest in the company has seen 27.59 million shares shorted with days to cover at 4.72.
Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could jump 36.89% from the levels at last check today. The projected low price target is $2.0 while the price target rests at a high of $15.0. In that case, then, we find that the latest price level in today’s session is -164.08% off the targeted high while a plunge would see the stock lose 64.79% from the levels at last check today.
Ardelyx Inc (ARDX) estimates and forecasts
Figures show that Ardelyx Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -41.68% over the past 6 months, with this year growth rate of 13.33%, compared to 16.20% for the industry. Revenue growth from the last financial year stood is estimated to be 143.90%.
10 analysts offering their estimates for the company have set an average revenue estimate of 86.24M for the current quarter. 10 have an estimated revenue figure of 98.05M for the next ending quarter. Year-ago sales stood 22.57M and 34.36M respectively for this quarter and the next, and analysts expect sales will grow by 282.10% for the current quarter and 143.90% for the next.
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 11.10% 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 2024-Oct-29 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 1.69% of the company shares, while shares held by institutions stand at 61.20% with a share float percentage of 62.26%. Investors are also buoyed by the number of investors in a company, with Ardelyx Inc having a total of 255.0 institutions that hold shares in the company. The top two institutional holders are JANUS HENDERSON GROUP PLC with over 22.05 million shares worth more than $160.86 million. As of 2024-03-31, JANUS HENDERSON GROUP PLC held 10.0524% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 17.1 million shares as of 2024-03-31. The firm’s total holdings are worth over $124.8 million and represent 7.7946% of shares outstanding.
