Ardelyx Inc (NASDAQ:ARDX) price on current trading day, fall -4.58% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.11.
A look at the stock’s price movement, the level at last check in today’s session was $5.35, moving within a range at $5.085 and $5.38. The beta value (5-Year monthly) was 0.914. Turning to its 52-week performance, $10.13 and $4.32 were the 52-week high and 52-week low respectively. Overall, ARDX moved -2.20% over the past month.
Ardelyx Inc’s market cap currently stands at around $1.21 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 111.2M for the company’s revenue for the quarter, with a low and high estimate of 98.21M and 125.5M respectively. The average forecast suggests up to a 223.59% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 328.68M, representing a 164.09% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ARDX is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 7 recommend ARDX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ARDX’s current price about 0.88% and -2.21% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.99, while 7-day volatility ratio is 9.16% and 7.91% in the 30-day chart. Further, Ardelyx Inc (ARDX) has a beta value of 0.84, and an average true range (ATR) of 0.38. Analysts have given the company’s stock an average 52-week price target of $9.5, forecast between a low of $8 and high of $11. Looking at the price targets, the low is -56.56% off recent price level in today’s trading while to achieve the yearly target high, it has to move -115.26%. Nonetheless, investors will most likely welcome a -85.91% jump to $9.5 which is the analysts’ median price.
If we refocus on Ardelyx Inc (NASDAQ:ARDX), historical trading data shows that trading volumes averaged 5.17 over the past 10 days and 4.70 million over the past 3 months. The company’s latest data on shares outstanding shows there are 236.89 million shares.
The 3.91% of Ardelyx Inc’s shares are in the hands of company insiders while institutional holders own 61.46% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 24.28 million on 2024-12-31, giving us a short ratio of 5.7. The data shows that as of 2024-12-31 short interest in Ardelyx Inc (ARDX) stood at 1165.0 of shares outstanding, with shares short falling to 24.32 million registered in 2024-11-29. Current price change has pushed the stock 0.69% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ARDX stock continues to rise going into the next quarter.
