In the last trading session, 1.68 million shares of the Ardelyx Inc (NASDAQ:ARDX) were traded, and its beta was 0.87. Most recently the company’s share price was $5.52, and it changed around -$0.05 or -0.90% from the last close, which brings the market valuation of the company to $1.31B. ARDX currently trades at a discount to its 52-week high of $10.13, offering almost -83.51% off that amount. The share price’s 52-week low was $4.32, which indicates that the current value has risen by an impressive 21.74% since then. We note from Ardelyx Inc’s average daily trading volume that its 10-day average is 3.14 million shares, with the 3-month average coming to 4.58 million.
Ardelyx Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.44. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended ARDX as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Ardelyx Inc is expected to report earnings per share of -0.0 for the current quarter.
Ardelyx Inc (NASDAQ:ARDX) trade information
Instantly ARDX has showed a red trend with a performance of -0.90% at the end of last trading. The rise to weekly highs of 5.78 on recent trading dayincreased the stock’s daily price by 4.5%. On the other hand, Ardelyx Inc (NASDAQ:ARDX) is 8.88% up in the 30-day period. We can see from the shorts that 26.63 million shares have been sold at a short interest cover period of 5.46 day(s).
The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to increase their stock price by 31.0% from its current value. Analyst projections state that ARDX is forecast to be at a low of $8 and a high of $8.
Ardelyx Inc (ARDX) estimates and forecasts
The year-over-year growth rate is expected to be 164.30%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 111.16M in revenue for the current quarter. 6 analysts expect Ardelyx Inc to make 74.54M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 34.36M and 46.02M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 223.48%. Forecasts for the next quarter put sales growth at 61.97%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 28.61%.
ARDX Dividends
Ardelyx Inc’s next quarterly earnings report is expected to be released in March.
Ardelyx Inc (NASDAQ:ARDX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.93% of Ardelyx Inc shares, and 62.42% of them are in the hands of institutional investors. The stock currently has a share float of 63.65%. Ardelyx Inc stock is held by 266.0 institutions, with JANUS HENDERSON GROUP PLC being the largest institutional investor. By 2024-06-30, it held 11.1339% of the shares, which is about 25.95 million shares worth $192.14 million.
BLACKROCK INC., with 7.5312% or 17.55 million shares worth $130.06 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Delaware Group Equity Fds V-Small Cap Core Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Nov 30, 2024. The former held 7.32 shares worth $40.38 million, making up 3.09% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 7.03 shares worth around $38.83 million, which represents about 2.97% of the total shares outstanding.
