With 6.26 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.03 million shares. The 52-week range on ARDX shows that it touched its highest point at $8.14 and its lowest point at $3.50 during that stretch. It currently has a 1-year price target of $10.32. Beta for the stock currently stands at 0.73.
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 -5.49%, but this was down by -16.94% over a month. Three-month performance dropped to -36.62% while six-month performance fell -45.61%. The stock lost -58.37% in the past year, while it has lost -30.37% so far this year. A look at the trailing 12-month EPS for ARDX yields -0.23 with Next year EPS estimates of 0.11. For the next quarter, that number is -0.12. This implies an EPS growth rate of -123.26% for this year and 130.01% for next year.
Float and Shares Shorts:
At present, 239.20 million ARDX shares are outstanding with a float of 231.16 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.
