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Ardelyx Inc (NASDAQ: ARDX) closed the day trading at $5.67 up 0.71% from the previous closing price of $5.63. In other words, the price has increased by $0.71 from its previous closing price. On the day, 2.32 million shares were traded. ARDX stock price reached its highest trading level at $5.735 during the session, while it also had its lowest trading level at $5.485.
Ratios:
For a better understanding of ARDX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.99 and its Current Ratio is at 4.21. In the meantime, Its Debt-to-Equity ratio is 0.71 whereas as Long-Term Debt/Eq ratio is at 0.69.
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, Piper Sandler on July 02, 2024, Downgraded its rating to Neutral and sets its target price to $7 from $15 previously.
On April 05, 2024, Leerink Partners started tracking the stock assigning a Outperform rating and target price of $14.
On December 18, 2023, Raymond James started tracking the stock assigning a Strong Buy rating and target price of $12.Raymond James initiated its Strong Buy rating on December 18, 2023, with a $12 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 Aug 27 ’24 when RAAB MICHAEL sold 7,500 shares for $6.22 per share. The transaction valued at 46,635 led to the insider holds 1,219,509 shares of the business.
MICHAEL G. RAAB bought 7,500 shares of ARDX for $46,635 on Aug 27 ’24. On Aug 26 ’24, another insider, SUSAN RODRIGUEZ , who serves as the Officer of the company, bought 72,612 shares for $6.37 each.
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 1334876800 and an Enterprise Value of 1267498624. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.36 while its Price-to-Book (P/B) ratio in mrq is 9.08. Its current Enterprise Value per Revenue stands at 6.036 whereas that against EBITDA is -22.144.
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 -3.83%, while the 200-Day Moving Average is calculated to be -18.38%.
Shares Statistics:
Over the past 3-months, ARDX traded about 4.36M shares per day on average, while over the past 10 days, ARDX traded about 2676450 shares per day. A total of 232.45M shares are outstanding, with a floating share count of 226.62M. Insiders hold about 3.74% of the company’s shares, while institutions hold 62.19% stake in the company. Shares short for ARDX as of 1723680000 were 25984373 with a Short Ratio of 5.96, compared to 1721001600 on 27588940. Therefore, it implies a Short% of Shares Outstanding of 25984373 and a Short% of Float of 12.560001000000002.
Earnings Estimates
The market rating of Ardelyx Inc (ARDX) is currently shaped by the ongoing analysis conducted by 10.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is -$0.04, with high estimates of $0.07 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.15 and -$0.37 for the fiscal current year, implying an average EPS of -$0.27. EPS for the following year is -$0.12, with 10.0 analysts recommending between $0.35 and -$0.52.
Revenue Estimates
10 analysts predict $86.24M in revenue for the current quarter. It ranges from a high estimate of $91.97M to a low estimate of $78.8M. As of the current estimate, Ardelyx Inc’s year-ago sales were $22.57MFor the next quarter, 10 analysts are estimating revenue of $98.05M. There is a high estimate of $125.2M for the next quarter, whereas the lowest estimate is $77.9M.
A total of 10 analysts have provided revenue estimates for ARDX’s current fiscal year. The highest revenue estimate was $335.2M, while the lowest revenue estimate was $281.3M, resulting in an average revenue estimate of $303.55M. In the same quarter a year ago, actual revenue was $124.46MBased on 10 analysts’ estimates, the company’s revenue will be $393.3M in the next fiscal year. The high estimate is $497.05M and the low estimate is $295.72M.
