Ardelyx Inc (NASDAQ: ARDX) closed the day trading at $7.32 down -2.40% from the previous closing price of $7.50. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 5205003 shares were traded.
Ratios:
For a better understanding of ARDX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.64 and its Current Ratio is at 4.88. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.31.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Leerink Partners on April 05, 2024, initiated with a Outperform rating and assigned the stock a target price of $14.
On December 18, 2023, Raymond James started tracking the stock assigning a Strong Buy rating and target price of $12.
On September 07, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $9.H.C. Wainwright initiated its Buy rating on September 07, 2023, with a $9 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 01 ’24 when RAAB MICHAEL sold 1,518 shares for $7.31 per share. The transaction valued at 11,097 led to the insider holds 1,318,433 shares of the business.
GRAMMER ELIZABETH A sold 86,000 shares of ARDX for $664,978 on Mar 20 ’24. The insider now owns 312,993 shares after completing the transaction at $7.73 per share. On Feb 26 ’24, another insider, Rosenbaum David P., who serves as the Chief Development Officer of the company, sold 5,183 shares for $9.20 each. As a result, the insider received 47,684 and left with 175,936 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARDX now has a Market Capitalization of 1.71B and an Enterprise Value of 1.58B. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.69 while its Price-to-Book (P/B) ratio in mrq is 10.20. Its current Enterprise Value per Revenue stands at 12.68 whereas that against EBITDA is -28.52.
Stock Price History:
Over the past 52 weeks, ARDX has reached a high of $10.13, while it has fallen to a 52-week low of $3.16. The 50-Day Moving Average of the stock is 8.58, while the 200-Day Moving Average is calculated to be 5.59.
Shares Statistics:
Over the past 3-months, ARDX traded about 6.46M shares per day on average, while over the past 10 days, ARDX traded about 5.56M shares per day. A total of 232.45M shares are outstanding, with a floating share count of 223.69M. Insiders hold about 3.87% of the company’s shares, while institutions hold 59.58% stake in the company. Shares short for ARDX as of Mar 15, 2024 were 36.31M with a Short Ratio of 5.62, compared to 30.06M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 15.60% and a Short% of Float of 15.87%.
Earnings Estimates
Current recommendations for the stock of the company come from 9 analysts. On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of -$0.11 and a low estimate of -$0.23, while EPS last year was -$0.13. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.08 and low estimates of -$0.19.
Analysts are recommending an EPS of between -$0.2 and -$0.76 for the fiscal current year, implying an average EPS of -$0.44. EPS for the following year is $0.03, with 8 analysts recommending between $0.4 and -$0.44.
Revenue Estimates
9 analysts predict $36.76M in revenue for the current quarter. It ranges from a high estimate of $40M to a low estimate of $30.5M. As of the current estimate, Ardelyx Inc’s year-ago sales were $11.37M, an estimated increase of 223.30% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $47.51M, an increase of 211.10% less than the figure of $223.30% in the same quarter last year. There is a high estimate of $52.67M for the next quarter, whereas the lowest estimate is $41.63M.
A total of 9 analysts have provided revenue estimates for ARDX’s current fiscal year. The highest revenue estimate was $232.22M, while the lowest revenue estimate was $181.9M, resulting in an average revenue estimate of $209.31M. In the same quarter a year ago, actual revenue was $124.46M, up 68.20% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $362.41M in the next fiscal year. The high estimate is $425.74M and the low estimate is $288.6M. The average revenue growth estimate for next year is up 73.10% from the average revenue estimate for this year.
