This move in share price qualifies the stock as one of the day's most volatile.
The latest updates which have been released by analysts/brokers for Ardelyx, Inc.
Citigroup "Maintained" Ardelyx Inc Cmn (NASDAQ:ARDX) in a research note issued to investors on 8/10/16 to Buy with price target of $13. The stock's price is 8.25 and their relative strength index (RSI) stands at 77.77. It indicates oversold and overbought price levels for a stock. The company's beta value is at 0.24.
Receive Ardelyx, Inc. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ardelyx, Inc. with MarketBeat.com's FREE daily email newsletter. (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.
According to analysts Ardelyx Inc Cmn (NASDAQ:ARDX)'s minimum EPS for the current quarter is at $-0.56 and can go high up to $-0.5. In the last earnings report the EPS was $-2.44 and is expected to be $-2.19 for the current year with 47,445,000 shares now outstanding. Analysts expect next quarter's EPS will be $-0.51 and the next full year EPS is projected to be $-2.14. For the quarter, shares are performing at -28.20%. The company posted an earnings surprise of 15.6%.
Equity Research firms now have a positive stance on shares of Ardelyx, Inc. However the six-month change in the insider ownership was recorded -0.47%, as well as three-month change in the institutional ownership was recorded 1.07%. 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. Its book value per share for the most recent quarter is $3.06 while its price to book ratio for the same period is 1.76, as for as the company's cash per share for the most recent quarter is $3.06, however its price to cash per share ratio for the same period is 1.77. In terms of performance, year to date, the stock is -54.65%.