Ardelyx Inc (NASDAQ:ARDX)’s traded shares stood at 1.34 million during the latest session, with the company’s beta value hitting 0.89. At the last check today, the stock’s price was $6.37, to imply an increase of 5.31% or $0.32 in intraday trading. The ARDX share’s 52-week high remains $10.13, putting it -59.03% down since that peak but still an impressive 50.39% since price per share fell to its 52-week low of $3.16. The company has a valuation of $1.50B, with an average of 2.97 million shares in intraday trading volume over the past 10 days and average of 4.56 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Ardelyx Inc (ARDX), translating to a mean rating of 1.20. Of 8 analyst(s) looking at the stock, 0 analyst(s) give ARDX a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 7 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.05.

Ardelyx Inc (NASDAQ:ARDX) trade information

After registering a 5.31% upside in the latest session, Ardelyx Inc (ARDX) has traded red over the past five days. The 5-day price performance for the stock is 8.91%, and 16.05% over 30 days. With these gigs, the year-to-date price performance is 2.76%. Short interest in Ardelyx Inc (NASDAQ:ARDX) saw shorts transact 26.56 million shares and set a 5.14 days time to cover.

The extremes give us $2 and $15 for target low and target high price respectively. As such, ARDX has been trading -135.48% off suggested target high and 68.6% from its likely low.

Ardelyx Inc (ARDX) estimates and forecasts

Looking at statistics comparing Ardelyx Inc share performance against respective industry, we note that the company has underperformed competitors. Ardelyx Inc (ARDX) shares are -26.60% down over the last 6 months, with its year-to-date growth rate lower than industry average at 13.33% against 19.70%. Revenue is forecast to shrink -266.70% this quarter before jumping 66.70% for the next one. The rating firms project that company’s revenue will grow 143.90% compared to the previous financial year.

Revenue forecast for the current quarter as set by 10 analysts is 86.24M. Meanwhile, for the current quarter, a total of 10 analyst(s) estimate revenue growth to 98.05M.Earnings reports from the last fiscal year show that sales brought in 22.57M and 34.36M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 282.10% before jumping 185.30% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 28.61% for the past 5-year period. While 2024 is set for a 11.24% return in earnings, projections for the next 5 years are at 30.00% annually.

ARDX Dividends

Ardelyx Inc has its next earnings report out on 2024-Oct-29. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Ardelyx Inc (NASDAQ:ARDX)’s Major holders

Ardelyx Inc insiders hold 1.76% of total outstanding shares, with institutional holders owning 61.93% of the shares at 63.04% float percentage. In total, 61.93% institutions holds shares in the company, led by JANUS HENDERSON GROUP PLC. As of 2024-06-30, the company held over 25.95 million shares (or 11.1339% of shares), all amounting to roughly $192.14 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 17.55 million shares, or about 7.5312% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $130.06 million.