What Analysts Are Saying About Ardelyx Stock

Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on Ardelyx (NASDAQ:ARDX) in the last three months.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 3 0 3 0 0
Last 30D 0 0 1 0 0
1M Ago 1 0 1 0 0
2M Ago 0 0 0 0 0
3M Ago 2 0 1 0 0

Insights from analysts' 12-month price targets are revealed, presenting an average target of $8.0, a high estimate of $11.00, and a low estimate of $5.50. Highlighting a 13.98% decrease, the current average has fallen from the previous average price target of $9.30.

Breaking Down Analyst Ratings: A Detailed Examination

The perception of Ardelyx by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Christopher Raymond Piper Sandler Raises Neutral $8.00 $7.00
Ed Arce HC Wainwright & Co. Maintains Neutral $5.50 $5.50
Chris Howerton Jefferies Lowers Buy $8.00 $11.00
Ed Arce HC Wainwright & Co. Announces Neutral $5.50 -
Yigal Nochomovitz Citigroup Lowers Buy $10.00 $12.00
Ed Arce HC Wainwright & Co. Maintains Buy $11.00 $11.00

Key Insights: Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Ardelyx. This insight gives a snapshot of analysts' perspectives on the current state of the company. Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Ardelyx compared to the broader market. Price Targets: Gaining insights, analysts provide estimates for the future value of Ardelyx's stock. This comparison reveals trends in analysts' expectations over time.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Ardelyx's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.

Stay up to date on Ardelyx analyst ratings.

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Delving into Ardelyx's Background

Ardelyx Inc is a biotechnology company focused on the discovery, development, and commercialization of innovative, first-in-class medicines that meet significant unmet medical needs. The company has a proprietary drug discovery and design platform. Its lead product candidate is tenapanor, which aims to reduce the absorption of dietary sodium and phosphorus for the treatment of kidney disease, irritable bowel syndrome with constipation, and hyperphosphatemia in patients with dialysis.

Understanding the Numbers: Ardelyx's Finances

Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.

Revenue Growth: Ardelyx's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 74.21%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Health Care sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -0.82%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): Ardelyx's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of -0.53%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of -0.23%, the company showcases effective utilization of assets.

Debt Management: Ardelyx's debt-to-equity ratio stands notably higher than the industry average, reaching 0.66. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.

Analyst Ratings: Simplified

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Latest Ratings for ARDX

DateFirmActionFromTo
Mar 2022JefferiesUpgradesHoldBuy
Dec 2021CitigroupMaintainsBuy
Dec 2021Ladenburg ThalmannUpgradesNeutralBuy

View More Analyst Ratings for ARDX

View the Latest Analyst Ratings

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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