In the last trading session, 3.42 million Ardelyx Inc (NASDAQ:ARDX) shares changed hands as the company’s beta touched 0.77. With the company’s per share price at $5.32 changed hands at -$0.1 or -1.85% during last session, the market valuation stood at $1.27B. ARDX’s last price was a discount, traded about -75.38% off its 52-week high of $9.33. The share price had its 52-week low at $4.32, which suggests the last value was 18.8% up since then. When we look at Ardelyx Inc’s average trading volume, we note the 10-day average is 2.85 million shares, with the 3-month average coming to 4.18 million.
Analysts gave the Ardelyx Inc (ARDX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.33. 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 -0.08.
Ardelyx Inc (NASDAQ:ARDX) trade information
Instantly ARDX was in red as seen at the end of in last trading. With action -5.34%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 4.93%, with the 5-day performance at -5.34% in the red. However, in the 30-day time frame, Ardelyx Inc (NASDAQ:ARDX) is -8.12% down. Looking at the short shares, we see there were 29.82 million shares sold at short interest cover period of 8.35 days.
The consensus price target for the stock as assigned by Wall Street analysts is 11, meaning bulls need an upside of 51.64% from its current market value. According to analyst projections, ARDX’s forecast low is 8 with 14 as the target high. To hit the forecast high, the stock’s price needs a -163.16% plunge from its current level, while the stock would need to soar -50.38% for it to hit the projected low.
Ardelyx Inc (ARDX) estimates and forecasts
Year-over-year growth is forecast to reach 12.41% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 79.4M. 10 analysts are of the opinion that Ardelyx Inc’s revenue for the current quarter will be 88.09M. 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 72.52%. The estimates for the next quarter sales put growth at 20.30%.
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 -37.08%.
ARDX Dividends
Ardelyx Inc is expected to release its next quarterly earnings report on 2025-Feb-19.
Ardelyx Inc (NASDAQ:ARDX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.17% of Ardelyx Inc shares while 64.38% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 65.81%. There are 64.38% institutions holding the Ardelyx Inc stock share, with JANUS HENDERSON GROUP PLC the top institutional holder. As of 2024-06-30, the company held 11.0625% 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.
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 $38.92 million under it, the former controlled 3.07% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.96% of the shares, roughly 7.05 shares worth around $37.49 million.
