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AMC   21.36 (-13.91%)
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PFE   49.27 (-1.18%)
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BABA   89.77 (-3.11%)
AMD   98.27 (-1.93%)
MU   61.62 (-3.51%)
T   18.42 (-0.81%)
CGC   4.06 (+7.41%)
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NASDAQ:ARDX

Ardelyx - ARDX Stock Forecast, Price & News

$1.08
+0.08 (+8.00%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$0.98
$1.16
50-Day Range
$0.51
$1.00
52-Week Range
$0.49
$1.92
Volume
6.95 million shs
Average Volume
3.05 million shs
Market Capitalization
$167.01 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.20

Ardelyx MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
347.5% Upside
$4.83 Price Target
Short Interest
Bearish
7.04% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.98
Upright™ Environmental Score
News Sentiment
0.85mentions of Ardelyx in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$153,157 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.70) to ($0.36) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.06 out of 5 stars

Medical Sector

733rd out of 1,122 stocks

Pharmaceutical Preparations Industry

371st out of 551 stocks

ARDX stock logo

About Ardelyx (NASDAQ:ARDX) Stock

Ardelyx, Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines to treat gastrointestinal and cardiorenal therapeutic areas in the United States and internationally. The company's lead product candidate is tenapanor, which has completed Phase III clinical trial for the treatment of patients with irritable bowel syndrome with constipation, as well as in Phase III clinical trial to control serum phosphorus in adult patients with chronic kidney disease (CKD)on dialysis, or hyperphosphatemia. It is also developing RDX013, a potassium secretagogue, for the treatment of elevated serum potassium, or hyperkalemia, a problem among certain patients with kidney and/or heart disease; and RDX020, an early-stage program in metabolic acidosis, a serious electrolyte disorder in patients with CKD. The company has agreements with Kyowa Kirin in Japan, Fosun Pharmaceutical Industrial Development Co. Ltd. in China, and Knight Therapeutics, Inc. in Canada for the development and commercialization of tenapanor in their respective territories. The company was formerly known as Nteryx, Inc. and changed its name to Ardelyx, Inc. in June 2008. Ardelyx, Inc. was incorporated in 2007 and is headquartered in Waltham, Massachusetts.

Ardelyx Price Performance

NASDAQ:ARDX opened at $1.00 on Wednesday. The firm has a 50-day moving average of $0.68 and a 200-day moving average of $0.78. Ardelyx has a one year low of $0.49 and a one year high of $1.92. The company has a market cap of $153.96 million, a PE ratio of -0.88 and a beta of 1.84.

Ardelyx (NASDAQ:ARDX - Get Rating) last released its quarterly earnings data on Thursday, August 4th. The biopharmaceutical company reported ($0.19) EPS for the quarter, meeting the consensus estimate of ($0.19). Ardelyx had a negative net margin of 2,594.88% and a negative return on equity of 191.74%. During the same quarter in the prior year, the firm earned ($0.45) EPS. On average, equities research analysts expect that Ardelyx will post -0.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ARDX has been the topic of several recent analyst reports. Piper Sandler decreased their price target on Ardelyx from $4.00 to $3.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 18th. Wedbush reissued a "neutral" rating on shares of Ardelyx in a research note on Friday, August 5th. StockNews.com raised shares of Ardelyx from a "sell" rating to a "hold" rating in a research note on Sunday. Finally, Cantor Fitzgerald downgraded shares of Ardelyx from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $7.00 to $1.00 in a research report on Friday, May 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Ardelyx currently has an average rating of "Hold" and a consensus price target of $4.83.

Insider Transactions at Ardelyx

In other news, CEO Michael Raab sold 103,624 shares of Ardelyx stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $0.65, for a total transaction of $67,355.60. Following the completion of the transaction, the chief executive officer now directly owns 668,826 shares in the company, valued at $434,736.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Ardelyx news, CEO Michael Raab sold 103,624 shares of the company's stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $0.65, for a total transaction of $67,355.60. Following the completion of the sale, the chief executive officer now directly owns 668,826 shares of the company's stock, valued at $434,736.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Justin A. Renz sold 73,312 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $0.65, for a total value of $47,652.80. Following the completion of the sale, the chief financial officer now owns 262,047 shares of the company's stock, valued at approximately $170,330.55. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 235,185 shares of company stock worth $153,157. Company insiders own 6.00% of the company's stock.

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ARDX Stock News Headlines

Ardelyx (NASDAQ:ARDX) Rating Increased to Hold at StockNews.com
Wedbush Reiterates Neutral Rating for Ardelyx (NASDAQ:ARDX)
StockNews.com Downgrades Ardelyx (NASDAQ:ARDX) to Sell
Analysts Set Ardelyx, Inc. (NASDAQ:ARDX) Target Price at $4.83
See More Headlines
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ARDX Company Calendar

Last Earnings
8/04/2022
Today
8/17/2022
Next Earnings (Estimated)
11/11/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Pharmaceutical preparations
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:ARDX
Employees
86
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$4.83
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$1.00
Forecasted Upside/Downside
+196.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$-158,160,000.00
Net Margins
-2,594.88%
Pretax Margin
-2,594.71%

Debt

Sales & Book Value

Annual Sales
$10.10 million
Book Value
$0.34 per share

Miscellaneous

Free Float
145,358,000
Market Cap
$167.01 million
Optionable
Optionable
Beta
1.84














ARDX Stock - Frequently Asked Questions

Should I buy or sell Ardelyx stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ardelyx in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ARDX shares.
View ARDX analyst ratings
or view top-rated stocks.

What is Ardelyx's stock price forecast for 2022?

6 Wall Street research analysts have issued 12 month target prices for Ardelyx's shares. Their ARDX share price forecasts range from $1.00 to $13.00. On average, they predict the company's share price to reach $4.83 in the next year. This suggests a possible upside of 347.5% from the stock's current price.
View analysts price targets for ARDX
or view top-rated stocks among Wall Street analysts.

How have ARDX shares performed in 2022?

Ardelyx's stock was trading at $1.10 on January 1st, 2022. Since then, ARDX stock has decreased by 1.8% and is now trading at $1.08.
View the best growth stocks for 2022 here
.

When is Ardelyx's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, November 11th 2022.
View our ARDX earnings forecast
.

How were Ardelyx's earnings last quarter?

Ardelyx, Inc. (NASDAQ:ARDX) announced its quarterly earnings results on Thursday, August, 4th. The biopharmaceutical company reported ($0.19) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.19). Ardelyx had a negative net margin of 2,594.88% and a negative trailing twelve-month return on equity of 191.74%. During the same quarter in the previous year, the business posted ($0.45) EPS.

What other stocks do shareholders of Ardelyx own?
What is Ardelyx's stock symbol?

Ardelyx trades on the NASDAQ under the ticker symbol "ARDX."

Who are Ardelyx's major shareholders?

Ardelyx's stock is owned by a number of institutional and retail investors. Top institutional investors include Point72 Asset Management L.P. (3.23%), Prosight Management LP (1.40%), Ikarian Capital LLC (1.09%), Millennium Management LLC (1.00%), Sio Capital Management LLC (0.45%) and State Street Corp (0.31%). Insiders that own company stock include David M Mott, David P Rosenbaum, Elizabeth A Grammer, Elizabeth A Grammer, Forest Baskett, Jeffrey W Jacobs, Jeffrey W Jacobs, Justin A Renz, Mark Kaufmann, Michael Raab, Robert Blanks, Scott D Sandell and Susan Rodriguez.
View institutional ownership trends
.

How do I buy shares of Ardelyx?

Shares of ARDX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ardelyx's stock price today?

One share of ARDX stock can currently be purchased for approximately $1.08.

How much money does Ardelyx make?

Ardelyx (NASDAQ:ARDX) has a market capitalization of $167.01 million and generates $10.10 million in revenue each year. The biopharmaceutical company earns $-158,160,000.00 in net income (profit) each year or ($1.13) on an earnings per share basis.

How can I contact Ardelyx?

Ardelyx's mailing address is 34175 ARDENWOOD BOULEVARD SUITE 200, FREMONT CA, 94555. The official website for the company is www.ardelyx.com. The biopharmaceutical company can be reached via phone at (510) 745-1700, via email at investor@ardelyx.com, or via fax at 510-745-0493.

This page (NASDAQ:ARDX) was last updated on 8/17/2022 by MarketBeat.com Staff

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