Ardelyx Inc (NASDAQ:ARDX) traded at $6.42 at close of the session on Friday, April 26, made an upward move of 1.74% on its previous day’s price.
Looking at the stock we see that its previous close was $6.31 . In terms of its 52-week price range, ARDX has a high of $10.13 and a low of $3.16. The company’s stock has lost about -13.36% over that past 30 days.
Ardelyx Inc has a market cap of $1.49 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.15, with the EPS growth for the year raised at -$0.45 for 2024 and $0.03 for next year. These figures represent -50.00% and 106.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $35.81 million, with a low of $24.3 million and a high of $40 million. The median projection represents growth squeezing down to 215.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $207.25 million, or 66.50% up from figures reported last year.
On the other hand, looking at the outlook for the ARDX stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of Hold.
Looking further, we note the current price level is -7.45% off its SMA20 and -19.18% from its 50-day simple moving average. The RSI (14) is pointing at 32.66 while the volatility over the past week is 4.36% and jumps to 5.21% over the past one month. The beta value is 0.86, while the average true range (ATR) is currently pointing at 0.36.
Coming back to Ardelyx Inc (NASDAQ:ARDX), we note that the average 3-month trading volume was 5.53 million. Current shares outstanding are 232.45 million.
The insiders hold 3.86% of the company’s shares while institutions hold 59.53%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 3.55% up in year-to-date price movement.
