NASDAQ:ARDXArdelyx Stock Price, Forecast & News

Ardelyx's stock was trading at $5.98 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ARDX stock has decreased by 6.7% and is now trading at $5.58.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ardelyx in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Ardelyx is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Ardelyx.

Ardelyx Inc (NASDAQ:ARDX) posted its earnings results on Thursday, August, 6th. The biopharmaceutical company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of ($0.27) by $0.01. Ardelyx had a negative return on equity of 65.94% and a negative net margin of 1,090.69%.
View Ardelyx's earnings history.

5 Wall Street analysts have issued 12 month price targets for Ardelyx's stock. Their forecasts range from $9.00 to $15.00. On average, they anticipate Ardelyx's stock price to reach $12.00 in the next year. This suggests a possible upside of 115.1% from the stock's current price.
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Headlines about ARDX stock have been trending neutral recently, InfoTrie reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ardelyx earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave news stories about the biopharmaceutical company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days.
View the latest news about Ardelyx.

Ardelyx saw a increase in short interest in February. As of February 28th, there was short interest totaling 3,210,000 shares, an increase of 14.2% from the February 13th total of 2,810,000 shares. Based on an average daily volume of 870,300 shares, the short-interest ratio is currently 3.7 days.
View Ardelyx's Short Interest.

Some companies that are related to Ardelyx include Prestige Consumer Healthcare (PBH), Xencor (XNCR), Uniqure (QURE), Ligand Pharmaceuticals (LGND), Aurinia Pharmaceuticals (AUPH), Intercept Pharmaceuticals (ICPT), IGM Biosciences (IGMS), I-Mab (IMAB), Eidos Therapeutics (EIDX), Madrigal Pharmaceuticals (MDGL), Revance Therapeutics (RVNC), Ironwood Pharmaceuticals (IRWD), Y-mAbs Therapeutics (YMAB), Corcept Therapeutics (CORT) and INDIVIOR PLC/S (INVVY).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Ardelyx investors own include Micron Technology (MU), Corbus Pharmaceuticals (CRBP), Gilead Sciences (GILD), NVIDIA (NVDA), Sorrento Therapeutics (SRNE), Rigel Pharmaceuticals (RIGL), Inovio Pharmaceuticals (INO), Novavax (NVAX), SCYNEXIS (SCYX) and Catalyst Pharmaceuticals (CPRX).

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

Ardelyx's stock is owned by a variety of retail and institutional investors. Top institutional investors include NEA Management Company LLC (15.33%), Teacher Retirement System of Texas (0.20%), Swiss National Bank (0.15%), Alps Advisors Inc. (0.14%), Hamilton Lane Advisors LLC (0.09%) and Principal Financial Group Inc. (0.08%). Company insiders that own Ardelyx stock include David M Mott, David P Rosenbaum, Elizabeth A Grammer, Forest Baskett, Mark Kaufmann, Michael Raab and Scott D Sandell.
View institutional ownership trends for Ardelyx.

ARDX stock was sold by a variety of institutional investors in the last quarter, including NEA Management Company LLC, Strs Ohio, UBS Group AG, and SG Americas Securities LLC. Company insiders that have sold Ardelyx company stock in the last year include Elizabeth A Grammer, Forest Baskett, Mark Kaufmann, Michael Raab, and Scott D Sandell.
View insider buying and selling activity for Ardelyx.

ARDX stock was bought by a variety of institutional investors in the last quarter, including Teacher Retirement System of Texas, Swiss National Bank, Alps Advisors Inc., Hamilton Lane Advisors LLC, Principal Financial Group Inc., Rafferty Asset Management LLC, Virtu Financial LLC, and New York State Common Retirement Fund.
View insider buying and selling activity for Ardelyx.

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

One share of ARDX stock can currently be purchased for approximately $5.58.

Ardelyx has a market capitalization of $497.41 million and generates $5.28 million in revenue each year. The biopharmaceutical company earns $-94,940,000.00 in net income (profit) each year or ($1.47) on an earnings per share basis. Ardelyx employs 88 workers across the globe.

The official website for Ardelyx is www.ardelyx.com.

Ardelyx's mailing address is 34175 ARDENWOOD BOULEVARD SUITE 200, FREMONT CA, 94555. The biopharmaceutical company can be reached via phone at 510-745-1700 or via email at [email protected]