Ardelyx Inc (NASDAQ:ARDX) price on current trading day, rose 1.40% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.45.
A look at the stock’s price movement, the level at last check in today’s session was $5.37, moving within a range at $5.32 and $5.47. The beta value (5-Year monthly) was 0.869. Turning to its 52-week performance, $9.33 and $4.32 were the 52-week high and 52-week low respectively. Overall, ARDX moved -14.39% over the past month.
Ardelyx Inc’s market cap currently stands at around $1.30 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19.
Analysts have a consensus estimate of 79.4M for the company’s revenue for the quarter, with a low and high estimate of 71.6M and 86.68M respectively. The average forecast suggests up to a 72.52% 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 375.03M, representing a 12.41% 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 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% 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 2.40% and 0.30% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.06, while 7-day volatility ratio is 3.97% and 5.65% in the 30-day chart. Further, Ardelyx Inc (ARDX) has a beta value of 0.77, and an average true range (ATR) of 0.28. Analysts have given the company’s stock an average 52-week price target of $11, forecast between a low of $8 and high of $14. Looking at the price targets, the low is -46.79% off recent price level in today’s trading while to achieve the yearly target high, it has to move -156.88%. Nonetheless, investors will most likely welcome a -101.83% jump to $11 which is the analysts’ median price.
If we refocus on Ardelyx Inc (NASDAQ:ARDX), historical trading data shows that trading volumes averaged 2.96 over the past 10 days and 4.06 million over the past 3 months. The company’s latest data on shares outstanding shows there are 238.02 million shares.
The 3.27% of Ardelyx Inc’s shares are in the hands of company insiders while institutional holders own 63.54% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 29.82 million on 2025-02-28, giving us a short ratio of 8.35. The data shows that as of 2025-02-28 short interest in Ardelyx Inc (ARDX) stood at 1421.0 of shares outstanding, with shares short rising to 26.63 million registered in 2025-01-31. Current price change has pushed the stock 7.40% 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.
