With 3.8 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.29 million shares. The 52-week range on ARDX shows that it touched its highest point at $9.83 and its lowest point at $4.32 during that stretch. It currently has a 1-year price target of $10.06. Beta for the stock currently stands at 0.88.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ARDX was down-trending over the past week, with a drop of -11.40%, but this was down by -6.90% over a month. Three-month performance surged to 7.10% while six-month performance fell -19.47%. The stock lost -39.65% in the past year, while it has gained 1.18% so far this year. A look at the trailing 12-month EPS for ARDX yields -0.17 with Next year EPS estimates of 0.28. For the next quarter, that number is -0.11. This implies an EPS growth rate of -13.72% for this year and 245.97% for next year.
Float and Shares Shorts:
At present, 238.02 million ARDX shares are outstanding with a float of 228.88 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ARDX since 8 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.12153 being high and -$0.23294 being low. For ARDX, this leads to a yearly average estimate of -$0.17217. Based on analyst estimates, the high estimate for the next quarter is -$0.03 and the low estimate is -$0.11. The average estimate for the next quarter is thus -$0.06.
