Currently, there are 236.89M common shares owned by the public and among those 227.89M shares have been available to trade.
The company’s stock has a 5-day price change of -11.57% and -21.02% over the past three months. ARDX shares are trading -24.84% year to date (YTD), with the 12-month market performance down to -21.15% lower. It has a 12-month low price of $4.34 and touched a high of $10.13 over the same period. ARDX has an average intraday trading volume of 4.02 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.33%, -15.73%, and -27.07% respectively.
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Institutional ownership of Ardelyx Inc (NASDAQ: ARDX) shares accounts for 61.53% of the company’s 236.89M shares outstanding.
It has a market capitalization of $1.10B and a beta (3y monthly) value of 0.83. The earnings-per-share (ttm) stands at -$0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.96% over the week and 6.30% over the month.
Analysts forecast that Ardelyx Inc (ARDX) will achieve an EPS of -0.01 for the current quarter, -0.12 for the next quarter and -0.17 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.05 while analysts give the company a high EPS estimate of -0.05. Comparatively, EPS for the current quarter was -0.12 a year ago. Earnings per share for the fiscal year are expected to increase by 41.17%, and 62.70% over the next financial year. EPS should grow at an annualized rate of 30.00% over the next five years, compared to 28.61% over the past 5-year period.
Looking at the support for the ARDX, a number of firms have released research notes about the stock. H.C. Wainwright stated their Neutral rating for the stock in a research note on November 11, 2024, with the firm’s price target at $11-$5.50. Piper Sandler coverage for the Ardelyx Inc (ARDX) stock in a research note released on July 02, 2024 offered a Neutral rating with a price target of $7. Leerink Partners was of a view on April 05, 2024 that the stock is Outperform, while Raymond James gave the stock Strong Buy rating on December 18, 2023, issuing a price target of $12. H.C. Wainwright on their part issued Buy rating on September 07, 2023.
