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In the latest session, Ardelyx Inc (NASDAQ: ARDX) closed at $6.51 up 0.46% from its previous closing price of $6.48. In other words, the price has increased by $0.46 from its previous closing price. On the day, 4.58 million shares were traded. ARDX stock price reached its highest trading level at $6.64 during the session, while it also had its lowest trading level at $6.3825.
Ratios:
For a deeper understanding of Ardelyx Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 15 ’24 when RAAB MICHAEL sold 7,500 shares for $7.06 per share. The transaction valued at 52,924 led to the insider holds 1,310,933 shares of the business.
RAAB MICHAEL sold 1,518 shares of ARDX for $11,097 on Apr 01 ’24. The President & CEO now owns 1,318,433 shares after completing the transaction at $7.31 per share. On Mar 20 ’24, another insider, GRAMMER ELIZABETH A, who serves as the insider of the company, sold 86,000 shares for $7.73 each. As a result, the insider received 664,978 and left with 312,993 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 1514785920 and an Enterprise Value of 1406647936. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.17 while its Price-to-Book (P/B) ratio in mrq is 9.07. Its current Enterprise Value per Revenue stands at 11.302 whereas that against EBITDA is -22.694.
Stock Price History:
The Beta on a monthly basis for ARDX is 0.86, which has changed by 0.41214752 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. 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 -20.45%, while the 200-Day Moving Average is calculated to be 13.29%.
Shares Statistics:
For the past three months, ARDX has traded an average of 5.51M shares per day and 4700540 over the past ten days. A total of 232.45M shares are outstanding, with a floating share count of 223.70M. Insiders hold about 3.86% of the company’s shares, while institutions hold 59.65% stake in the company. Shares short for ARDX as of 1711584000 were 35017704 with a Short Ratio of 6.36, compared to 1709164800 on 33611903. Therefore, it implies a Short% of Shares Outstanding of 35017704 and a Short% of Float of 15.299999999999999.
Earnings Estimates
Currently, 9 analysts are dedicated to thoroughly evaluating and rating the performance of Ardelyx Inc (ARDX) in the stock market.On average, analysts expect EPS of $-0.15 for the current quarter, with a high estimate of $-0.12 and a low estimate of $-0.25, while EPS last year was $-0.13. The consensus estimate for the next quarter is $-0.12, with high estimates of $-0.09 and low estimates of $-0.2.
Analysts are recommending an EPS of between $-0.2 and $-0.76 for the fiscal current year, implying an average EPS of $-0.45. EPS for the following year is $0.03, with 8 analysts recommending between $0.4 and $-0.44.
Revenue Estimates
A total of 9 analysts believe the company’s revenue will be $35.81M this quarter.It ranges from a high estimate of $40M to a low estimate of $24.3M. As of the current estimate, Ardelyx Inc’s year-ago sales were $11.37M, an estimated increase of 215.00% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $46.97M, an increase of 207.60% less than the figure of $215.00% 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 $231.18M, while the lowest revenue estimate was $181.9M, resulting in an average revenue estimate of $207.25M. In the same quarter a year ago, actual revenue was $124.46M, up 66.50% 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 74.90% from the average revenue estimate for this year.
