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%.



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