Ardelyx Inc (NASDAQ:ARDX) price on Wednesday, May 09, fall -8.92% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.48.
A look at the stock’s price movement, the close in the last trading session was $9.31. Turning to its 52-week performance, $10.13 and $3.16 were the 52-week high and 52-week low respectively. Overall, ARDX moved 18.27% over the past month.
Ardelyx Inc’s market cap currently stands at around $1.98 billion.
Analysts have a consensus estimate of 53.9M for the company’s revenue for the quarter, with a low and high estimate of 41.63M and 60.4M respectively. The average forecast suggests up to a 253.00% 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 239.54M, representing a 92.50% 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 Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
ARDX’s current price about 21.11% and 9.96% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.78, while 7-day volatility ratio is 7.92% and 5.67% in the 30-day chart. Further, Ardelyx Inc (ARDX) has a beta value of 0.82, and an average true range (ATR) of 0.53.
If we refocus on Ardelyx Inc (NASDAQ:ARDX), historical trading data shows that trading volumes averaged 6.07 million over the past 3 months. The company’s latest data on shares outstanding shows there are 232.45 million shares.
The 3.86% of Ardelyx Inc’s shares are in the hands of company insiders while institutional holders own 58.74% of the company’s shares. Current price change has pushed the stock 36.77% 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.
