In recent trading session, Ardelyx Inc (NASDAQ:ARDX) saw 9.84 million shares changing hands at last check today with its beta currently measuring 0.86. Company’s recent per share price level of $4.93 trading at -$1.45 or -22.73% at last check today assigns it a market valuation of $1.17B. That most recent trading price of ARDX’s stock is at a discount of -105.48% from its 52-week high price of $10.13 and is indicating a premium of 30.43% from its 52-week low price of $3.43. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.3 million shares which gives us an average trading volume of 3.12 million if we extend that period to 3-months.
For Ardelyx Inc (ARDX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.20. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.0 in the current quarter.
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Ardelyx Inc (NASDAQ:ARDX) trade information
Upright in the red during last session for losing -22.73%, in the last five days ARDX remained trading in the red while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $4.93 price level, adding 24.5% to its value on the day. Ardelyx Inc’s shares saw a change of -20.48% in year-to-date performance and have moved -19.05% in past 5-day. Ardelyx Inc (NASDAQ:ARDX) showed a performance of -18.38% in past 30-days. Number of shares sold short was 22.89 million shares which calculate 7.2 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a rise of 45.22% to its recent value today. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 15. It follows that stock’s current price would jump 59.43% in reaching the projected high whereas dropping to the targeted low would mean a gain of 59.43% for stock’s current value.
Ardelyx Inc (ARDX) estimates and forecasts
Statistics highlight that Ardelyx Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -36.55% of value to its shares in past 6 months, showing an annual growth rate of 40.00% while that of industry is 18.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 162.00% 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 108.58M for the same. And 7 analysts are in estimates of company making revenue of 87.18M in the next quarter. Company posted 34.36M and 46.02M 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 41.02% while estimates for its earnings growth in next 5 years are of 30.00%.
Ardelyx Inc (NASDAQ:ARDX)’s Major holders
Insiders are in possession of 1.58% of company’s total shares while institution are holding 61.94 percent of that, with stock having share float percentage of 62.94%. Investors also watch the number of corporate investors in a company very closely, which is 61.94% institutions for Ardelyx Inc that are currently holding shares of the company. JANUS HENDERSON GROUP PLC is the top institutional holder at ARDX for having 25.95 million shares of worth $192.14 million. And as of 2024-06-30, it was holding 11.1339 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 17.55 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.5312 of outstanding shares, having a total worth of $130.06 million.
