In today’s recent session, 0.53 million shares of the Ardelyx Inc (NASDAQ:ARDX) have been traded, and its beta is 0.79. Most recently the company’s share price was $4.64, and it changed around $0.07 or 1.64% from the last close, which brings the market valuation of the company to $1.11B. ARDX at last check was trading at a discount to its 52-week high of $9.33, offering almost -101.08% off that amount. The share price’s 52-week low was $4.02, which indicates that the recent value has risen by an impressive 13.36% since then. We note from Ardelyx Inc’s average daily trading volume that its 10-day average is 6.22 million shares, with the 3-month average coming to 4.35 million.
Ardelyx Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.33. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended ARDX as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight.
Ardelyx Inc (NASDAQ:ARDX) trade information
Instantly ARDX has been showing a green trend so far today with a performance of 1.64% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.70 on recent trading dayincreased the stock’s daily price by 1.28%. The company’s shares are currently down -8.38% year-to-date, but still up 7.27% over the last five days. On the other hand, Ardelyx Inc (NASDAQ:ARDX) is -14.30% down in the 30-day period. We can see from the shorts that 30.64 million shares have been sold at a short interest cover period of 7.78 day(s).
The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to increase their stock price by 57.82% from its current value. Analyst projections state that ARDX is forecast to be at a low of $8 and a high of $14.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 35.34%.
ARDX Dividends
Ardelyx Inc’s next quarterly earnings report is expected to be released on 2025-Feb-19.
Ardelyx Inc (NASDAQ:ARDX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.17% of Ardelyx Inc shares, and 64.56% of them are in the hands of institutional investors. The stock currently has a share float of 65.99%. Ardelyx Inc stock is held by 280.0 institutions, with JANUS HENDERSON GROUP PLC being the largest institutional investor. By 2024-06-30, it held 11.0625% of the shares, which is about 25.95 million shares worth $192.14 million.
BLACKROCK INC., with 7.4828% 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 Funds V-Macquarie Small Cap Core Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Nov 30, 2024 . The former held 7.32 shares worth $33.87 million, making up 3.07% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held roughly 7.05 shares worth around $32.62 million, which represents about 2.96% of the total shares outstanding.
