Economy

Brokers Release Average Price Target Of 17.86 On Ardelyx, Inc. (ARDX)

Brokers Release Average Price Target Of 17.86 On Ardelyx, Inc. (ARDX)”

Goldstein commented, "With positive T3MPO-2 results in IBS-C, we believe ARDX shares could gain back ground lost after the release of T3MPO-1, as data shows a path to NDA submission (expected in 2H18) and a commercial opportunity above the current valuation, in our view".

In taking a look at technical levels, shares are trading 30.44% away from the 50 day simple moving average and -4.61% away from the 200 day simple moving average. (NASDAQ:ARDX). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.30.

Short traders are more bullish on shares of Ardelyx, Inc. of late if you take into consideration the downtick in short interest. Furthermore on 3/08/16 Cantor Fitzgerald "Initiates Coverage on" the stock to Buy at $19. The stock's price is 8.25 and their relative strength index (RSI) stands at 77.77. The value of the company's investment in Ardelyx, Inc. increased from $1,000 to $18,000 a change of 1,700.0% quarter over quarter. (NASDAQ:AKER). Using the following ratings scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell and 5.0 Strong Sell, analysts have an average recommendation of 2.00. The value of the total investment in Ardelyx, Inc. went from $720,000 to $1,080,000 increasing 50.0% quarter to quarter. However the company reported $-0.65 earnings per share for the same quarter during previous year. Analysts expect next quarter's EPS will be $-0.51 and the next full year EPS is projected to be $-2.14. The company posted an earnings surprise of 15.6%.

Ardelyx Inc

According to the most recent research notes issued by analysts 6 analysts have outstanding research reports on Ardelyx, Inc. Based on a recent bid, the stock is trading -66.11% away from it's 52- week high and 74.49% away from its 52 week low.

Ardelyx Inc Cmn (NASDAQ:ARDX)'s trailing twelve month revenues are $0, whereas its price to sales ratio for the same period is 0. Short shares fell from 1,126,246 to 1,105,000 over that timeframe. In terms of performance, year to date, the stock is -54.65%.



Like this

loading...
loading...

Latest


13 October 2017
For Your Information: Domestic Violence Awareness with Haven House
The organization has a number of services that are free and confidential to all victims of any crime. For after hours, there is a 24 hour helpline which can be reached at 1-888-560-6027.

13 October 2017
Verizon Communications Inc. (VZ) Investment Increased by Gulf International Bank (uk) Ltd
TheStreet raised Verizon Communications from a "c+" rating to a "b-" rating in a research report on Tuesday, August 8th. Following the sale, the executive vice president now owns 7,209 shares of the company's stock, valued at $350,717.85.

13 October 2017
SC agrees to examine plea seeking to regulate app-based taxi services
Lawmakers also echoed the same concern and stressed on the need for proper background checks to ensure the safety of women. The Supreme Court has asked the Centre how app-based transport services like Uber , Ola , and redBus can be regulated.

13 October 2017
Channing Tatum's X-Men spin-off Gambit lands director, release date
The Channing Tatum-starring X-Men spinoff will hit theaters on February 14th, 2019, the studio announced on Thursday. Taylor Kitsch previously portrayed the character in the 2009 film "X-Men Origins: Wolverine".

13 October 2017
Boyfriend indicted on murder charges in death of Wilde Lake teacher
Police had information from local witnesses that Tessier had been frequenting the area where Wallen's body was found in Damascus. - The boyfriend of a pregnant teacher found dead in a shallow grave in Montgomery County was indicted on one count of murder.

13 October 2017
Roswell: Series Reboot in the Works at The CW
The plotline also centers on the daughter of an immigrant who later on discovers that her teenage crush is a police officer. After that, the TV series created much of its own mythology, deviating in numerous ways from the books.

13 October 2017
'You don't appreciate him' - Bilic slams Hart hate
But Bilic disagrees and says Hart's recent performances for the Three Lions have been outstanding. Slaven Bilic believes West Ham keeper Joe Hart is getting a tough ride from the English media.

13 October 2017
Analysts Expect NXP Semiconductors NV (NXPI) to Post $1.32 EPS
Cushing Asset Mngmt LP owns 31,636 shares or 0.1% of their USA portfolio. 194,434 were accumulated by Gulf Int Bank (Uk). After posting $1.10 EPS for the previous quarter, NXP Semiconductors NV's analysts now forecast 35.45 % EPS growth.

13 October 2017
Sasikala returns to Bengaluru jail after five-day parole
Shashikala further halted her vehicle at a Ganesha temple and she would offer prayers from her vehicle as Jayalalithaa used to do. The stringent conditions on which she was granted parole thwarted her from pursuing any (palpably) political pursuits.

13 October 2017
CHINA BIOLOGIC SHS (NASDAQ:CBPO) Sees Significantly Lower Trading Volume
Finally, First Trust Advisors LP boosted its position in shares of China Biologic Products by 35.9% during the first quarter. The analysts, on average, are forecasting a $3.75 price target, but the stock is already up 21.55% from its recent lows.