Ardelyx Inc (NASDAQ:ARDX)’s traded shares stood at 4.83 million during the last session, with the company’s beta value hitting 0.79. At the close of trading, the stock’s price was $4.50, to imply a decrease of -1.96% or -$0.09 in intraday trading. The ARDX share’s 52-week high remains $10.13, putting it -125.11% down since that peak but still an impressive 22.44% since price per share fell to its 52-week low of $3.49. The company has a valuation of $1.07B, with an average of 7.15 million shares in intraday trading volume over the past 10 days and average of 3.50 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 1.40. 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 0.0.
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Ardelyx Inc (NASDAQ:ARDX) trade information
After registering a -1.96% downside in the last session, Ardelyx Inc (ARDX) has traded red over the past five days. The 5-day price performance for the stock is -30.66%, and -24.62% over 30 days. With these gigs, the year-to-date price performance is -27.42%. Short interest in Ardelyx Inc (NASDAQ:ARDX) saw shorts transact 24.06 million shares and set a 7.96 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 -233.33% off suggested target high and 55.56% 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 outperformed competitors. Ardelyx Inc (ARDX) shares are -42.68% down over the last 6 months, with its year-to-date growth rate higher than industry average at 40.00% against 16.40%. Revenue is forecast to grow 100.00% this quarter before jumping 36.40% for the next one. The rating firms project that company’s revenue will grow 162.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is 108.58M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 87.18M.Earnings reports from the last fiscal year show that sales brought in 34.36M and 46.02M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 216.00% before jumping 89.40% 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 41.17% return in earnings, projections for the next 5 years are at 30.00% annually.
ARDX Dividends
Ardelyx Inc has its next earnings report out in December. 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 1.58% of total outstanding shares, with institutional holders owning 62.32% of the shares at 63.32% float percentage. In total, 62.32% 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.
