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After finishing at $5.13 in the prior trading day, Ardelyx Inc (NASDAQ: ARDX) closed at $5.18, up 0.97%. In other words, the price has increased by $0.97 from its previous closing price. On the day, 3.55 million shares were traded.
Ratios:
Our goal is to gain a better understanding of ARDX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.31 and its Current Ratio is at 4.58. In the meantime, Its Debt-to-Equity ratio is 0.89 whereas as Long-Term Debt/Eq ratio is at 0.88.
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 the company, H.C. Wainwright on November 11, 2024, Downgraded its rating to Neutral and sets its target price to $5.50 from $11 previously.
On July 02, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $15 to $7.
On April 05, 2024, Leerink Partners started tracking the stock assigning a Outperform rating and target price of $14.Leerink Partners initiated its Outperform rating on April 05, 2024, with a $14 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 Feb 20 ’25 when Williams Laura A sold 4,941 shares for $5.62 per share. The transaction valued at 27,783 led to the insider holds 303,804 shares of the business.
Renz Justin A sold 5,171 shares of ARDX for $29,077 on Feb 20 ’25. The Chief Financial Officer now owns 285,968 shares after completing the transaction at $5.62 per share. On Feb 20 ’25, another insider, RAAB MICHAEL, who serves as the President & CEO of the company, sold 22,964 shares for $5.62 each. As a result, the insider received 129,124 and left with 1,085,755 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.70 while its Price-to-Book (P/B) ratio in mrq is 7.11.
Stock Price History:
Over the past 52 weeks, ARDX has reached a high of $9.83, while it has fallen to a 52-week low of $4.32. The 50-Day Moving Average of the stock is -2.29%, while the 200-Day Moving Average is calculated to be -12.09%.
Shares Statistics:
A total of 238.02M shares are outstanding, with a floating share count of 228.88M. Insiders hold about 3.98% of the company’s shares, while institutions hold 63.89% stake in the company.
Earnings Estimates
Investors are keenly observing as 3.0 analysts analyze and rate the current performance of Ardelyx Inc (ARDX) in the stock market.The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.03 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.03 and -$0.42 for the fiscal current year, implying an average EPS of -$0.2. EPS for the following year is $0.29, with 4.0 analysts recommending between $0.8 and -$0.05.
Revenue Estimates
8 analysts predict $79.47M in revenue for the current quarter. It ranges from a high estimate of $84.9M to a low estimate of $73.3M. As of the current estimate, Ardelyx Inc’s year-ago sales were $46.02MFor the next quarter, 8 analysts are estimating revenue of $88.36M. There is a high estimate of $93.39M for the next quarter, whereas the lowest estimate is $84.91M.
A total of 8 analysts have provided revenue estimates for ARDX’s current fiscal year. The highest revenue estimate was $405.72M, while the lowest revenue estimate was $350.7M, resulting in an average revenue estimate of $373.71M. In the same quarter a year ago, actual revenue was $333.62MBased on 8 analysts’ estimates, the company’s revenue will be $495.15M in the next fiscal year. The high estimate is $572M and the low estimate is $392.02M.
