In the last trading session, 3.55 million Ardelyx Inc (NASDAQ:ARDX) shares changed hands as the company’s beta touched 0.88. With the company’s per share price at $5.18 changed hands at $0.05 or 0.97% during last session, the market valuation stood at $1.23B. ARDX’s last price was a discount, traded about -89.77% off its 52-week high of $9.83. The share price had its 52-week low at $4.32, which suggests the last value was 16.6% up since then.
Analysts gave the Ardelyx Inc (ARDX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.44. 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. Ardelyx Inc’s EPS for the current quarter is expected to be -0.07.
Ardelyx Inc (NASDAQ:ARDX) trade information
Instantly ARDX was in green as seen at the end of in last trading. With action -19.31%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 2.17%, with the 5-day performance at -19.31% in the red. However, in the 30-day time frame, Ardelyx Inc (NASDAQ:ARDX) is -6.16% down.
The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 35.25% from its current market value. According to analyst projections, ARDX’s forecast low is 8 with 8 as the target high. To hit the forecast high, the stock’s price needs a -54.44% plunge from its current level, while the stock would need to soar -54.44% for it to hit the projected low.
Ardelyx Inc (ARDX) estimates and forecasts
Year-over-year growth is forecast to reach 12.02% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 79.47M. 8 analysts are of the opinion that Ardelyx Inc’s revenue for the current quarter will be 88.36M. The company’s revenue for the corresponding quarters a year ago was 46.02M and 73.22M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 72.66%. The estimates for the next quarter sales put growth at 20.67%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 35.34%. The 2025 estimates are for Ardelyx Inc earnings to decrease by -13.72%.
ARDX Dividends
Ardelyx Inc is expected to release its next quarterly earnings report in March.
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.
Among Mutual Funds, the top two as of Nov 30, 2024 were Delaware Group Equity Fds V-Small Cap Core Fund and Vanguard Total Stock Market Index Fund . With 7.32 shares estimated at $37.89 million under it, the former controlled 3.09% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.97% of the shares, roughly 7.03 shares worth around $36.44 million.
