In the last trading session, 2.62 million Ardelyx Inc (NASDAQ:ARDX) shares changed hands as the company’s beta touched 0.83. With the company’s per share price at $5.67 changed hands at -$0.02 or -0.35% during last session, the market valuation stood at $1.34B. ARDX’s last price was a discount, traded about -78.66% off its 52-week high of $10.13. The share price had its 52-week low at $4.06, which suggests the last value was 28.4% up since then. When we look at Ardelyx Inc’s average trading volume, we note the 10-day average is 4.42 million shares, with the 3-month average coming to 3.89 million.
Analysts gave the Ardelyx Inc (ARDX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.40. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended ARDX as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight.
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Ardelyx Inc (NASDAQ:ARDX) trade information
Instantly ARDX was in red as seen at the end of in last trading. With action 10.74%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -8.55%, with the 5-day performance at 10.74% in the green. However, in the 30-day time frame, Ardelyx Inc (NASDAQ:ARDX) is -3.74% down. Looking at the short shares, we see there were 23.31 million shares sold at short interest cover period of 4.69 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need an upside of 37.0% from its current market value. According to analyst projections, ARDX’s forecast low is 2 with 15 as the target high. To hit the forecast high, the stock’s price needs a -164.55% plunge from its current level, while the stock would need to tank 64.73% for it to hit the projected low.
Ardelyx Inc (ARDX) estimates and forecasts
Data shows that the Ardelyx Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -17.35% over the past 6 months, a 40.00% in annual growth rate that is considerably higher than the industry average of 16.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 28.61%. The 2024 estimates are for Ardelyx Inc earnings to increase by 41.17%, but the outlook for the next 5-year period is at 30.00% per year.
ARDX Dividends
Ardelyx Inc is expected to release its next quarterly earnings report in January.
Ardelyx Inc (NASDAQ:ARDX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.69% of Ardelyx Inc shares while 61.46% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 62.52%. There are 61.46% institutions holding the Ardelyx Inc stock share, with JANUS HENDERSON GROUP PLC the top institutional holder. As of 2024-06-30, the company held 11.1339% of the shares, roughly 25.95 million ARDX shares worth $192.14 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.5312% or 17.55 million shares worth $130.06 million as of 2024-06-30.
