The price of Ardelyx Inc (NASDAQ: ARDX) closed at $9.32 in the last session, down -1.48% from day before closing price of $9.46. In other words, the price has decreased by -$0.14 from its previous closing price. On the day, 4564459 shares were traded.
Ratios:
We take a closer look at ARDX’s different ratios to gain a better understanding of the stock. 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, Raymond James on December 18, 2023, initiated with a Strong Buy rating and assigned the stock a target price of $12.
On September 07, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $9.
Cantor Fitzgerald Upgraded its Neutral to Overweight on August 25, 2023, whereas the target price for the stock was revised from $5 to $10.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 26 when Rosenbaum David P. sold 5,183 shares for $9.20 per share. The transaction valued at 47,684 led to the insider holds 175,936 shares of the business.
RAAB MICHAEL sold 22,917 shares of ARDX for $200,439 on Feb 20. The President & CEO now owns 1,319,951 shares after completing the transaction at $8.75 per share. On Feb 20, another insider, Rodriguez Susan, who serves as the Chief Commercial Officer of the company, sold 6,928 shares for $8.75 each. As a result, the insider received 60,594 and left with 452,795 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 2.20B and an Enterprise Value of 2.07B. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.42 while its Price-to-Book (P/B) ratio in mrq is 12.99. Its current Enterprise Value per Revenue stands at 16.66 whereas that against EBITDA is -37.45.
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 $2.82. The 50-Day Moving Average of the stock is 8.19, while the 200-Day Moving Average is calculated to be 5.00.
Shares Statistics:
According to the various share statistics, ARDX traded on average about 6.57M shares per day over the past 3-months and 6.26M shares per day over the past 10 days. A total of 232.45M shares are outstanding, with a floating share count of 223.74M. Insiders hold about 3.85% of the company’s shares, while institutions hold 59.48% stake in the company. Shares short for ARDX as of Feb 15, 2024 were 30.06M with a Short Ratio of 4.57, compared to 29.02M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.93% and a Short% of Float of 13.15%.
Earnings Estimates
The company has 9 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of -$0.08 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 -$0.06 and low estimates of -$0.19.
Analysts are recommending an EPS of between -$0.17 and -$0.76 for the fiscal current year, implying an average EPS of -$0.42. EPS for the following year is $0.05, with 8 analysts recommending between $0.4 and -$0.44.
Revenue Estimates
According to 9 analysts, the current quarter’s revenue is expected to be $37.53M. It ranges from a high estimate of $44.15M 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 230.10% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $48.06M, an increase of 214.70% less than the figure of $230.10% 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 $210.96M. In the same quarter a year ago, actual revenue was $124.46M, up 69.50% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $363.54M 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 72.30% from the average revenue estimate for this year.
