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ARDX Stock Chart & Stats
$5.06
$0.03(0.60%)
At close: 4:00 PM EDT
$5.06
$0.03(0.60%)
Day’s Range― - ―
52-Week Range$3.86 - $8.40
Previous Close$5.07
Volume1.81M
Average Volume (3M)4.00M
Market Cap
$974.32M
Enterprise Value$1.24K
Total Cash (Recent Filing)$281.83M
Total Debt (Recent Filing)$256.19M
Price to Earnings (P/E)―
Beta0.83
Next Earnings
Oct 29, 2026EPS Estimate
-0.01Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.23
Shares Outstanding249,187,580
10 Day Avg. Volume2,609,657
30 Day Avg. Volume4,000,766
Financial Highlights & Ratios
PEG Ratio-0.42
Price to Book (P/B)8.42
Price to Sales (P/S)3.45
P/FCF Ratio-31.96
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$14.86Price Target Upside193.62% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)-0.17
Revenue Forecast (FY)$494.90M
Bulls Say, Bears Say
Bulls Say
Revenue Scale & High Gross MarginsArdelyx has rapidly scaled product revenue to ~451M TTM while maintaining very high gross margins (~94%). This durable product economics provides strong operating leverage potential, supports reinvestment in commercialization and R&D, and improves the company’s ability to reach sustainable profitability if growth persists.
Improving Profitability TrendLosses have meaningfully narrowed and management reiterated a path to income-positive results in 2027. Sustained contraction of operating losses alongside disciplined OPEX guidance suggests structural improvement in cost base and business scale, increasing the likelihood of durable operating profitability if execution continues.
Commercial & Patient Access CapabilitiesInvestment in a larger sales force, an expanded reimbursement team and the IPN fulfillment program strengthens provider engagement and patient retention. These durable commercial capabilities tend to increase prescription persistence and payer navigation, supporting sustained revenue conversion and market share over multiple quarters.
Bears Say
Rising LeverageDebt has more than tripled since 2023 and now materially exceeds equity, reducing financial flexibility. Elevated leverage increases interest and covenant risk, making the company more dependent on operating cash flow or external financing to fund growth until sustained profitability and cash generation are achieved.
Negative Operating & Free Cash FlowDespite burn improvement, Ardelyx still consumes cash on an ongoing basis. Persistent negative OCF and FCF constrain the firm’s ability to self-fund growth, elevate refinancing or dilution risk, and limit optionality for additional commercial or pipeline investments until a sustainable cash-flow turnaround occurs.
Payer & Reimbursement HeadwindsMore stringent payer utilization (step edits, prior authorizations) has materially slowed new starts and forced lower near-term guidance. These structural access barriers can persist across payor formularies, require ongoing remediation spending, and reduce revenue predictability until reimbursement dynamics stabilize.
Ardelyx News
ARDX FAQ
What was Ardelyx’s price range in the past 12 months?
Ardelyx lowest stock price was $3.86 and its highest was $8.40 in the past 12 months.
What is Ardelyx’s market cap?
Ardelyx’s market cap is $974.32M.
When is Ardelyx’s upcoming earnings report date?
Ardelyx’s upcoming earnings report date is Oct 29, 2026 which is in 74 days.
How were Ardelyx’s earnings last quarter?
Ardelyx released its earnings results on Aug 06, 2026. The company reported -$0.07 earnings per share for the quarter, missing the consensus estimate of -$0.065 by -$0.005.
Is Ardelyx overvalued?
According to Wall Street analysts Ardelyx’s price is currently Undervalued.
Does Ardelyx pay dividends?
Ardelyx does not currently pay dividends.
What is Ardelyx’s EPS estimate?
Ardelyx’s EPS estimate is -0.01.
How many shares outstanding does Ardelyx have?
Ardelyx has 249,187,580 shares outstanding.
What happened to Ardelyx’s price movement after its last earnings report?
Ardelyx reported an EPS of -$0.07 in its last earnings report, missing expectations of -$0.065. Following the earnings report the stock price went down -17.864%.
Which hedge fund is a major shareholder of Ardelyx?
Currently, no hedge funds are holding shares in ARDX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Ardelyx Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$14.86 (193.62% Upside)
$14.86 (193.62% Upside)
Blogger Sentiment
Bullish
ARDX Sentiment 80%
Sector Average ―
Sector Average ―
Insider Transactions
Sold Shares
Worth $533.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 5.3%
Last 30 Days ▲ 8.1%
Last 30 Days ▲ 8.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
15.36%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
23.38%
Trailing 12-Months
Company Description
Ardelyx
Ardelyx, Inc. is a biopharmaceutical firm dedicated to the discovery, development, and commercialization of innovative medicines. The company primarily focuses on addressing gastrointestinal (GI) and cardiorenal conditions, serving patients both domestically in the United States and across international markets. Its flagship product candidate is tenapanor. This drug has successfully completed Phase III clinical trials for treating irritable bowel syndrome with constipation (IBS-C) and is also currently in Phase III development to manage hyperphosphatemia (high serum phosphorus) in adult patients with chronic kidney disease (CKD) who are undergoing dialysis. Ardelyx is also advancing other key pipeline assets, including RDX013, a potassium secretagogue designed to combat hyperkalemia (elevated serum potassium), a significant issue for individuals with compromised kidney and/or heart function. Furthermore, the company is in the early stages of developing RDX020, which targets metabolic acidosis, a serious electrolyte disorder frequently seen in CKD patients. To broaden the reach of tenapanor, Ardelyx has established strategic partnerships with Kyowa Kirin in Japan, Fosun Pharmaceutical Industrial Development Co. Ltd. in China, and Knight Therapeutics, Inc. in Canada, granting them rights for the drug's development and commercialization in their respective regions. Originally incorporated in 2007 as Nteryx, Inc., the company adopted its current name, Ardelyx, Inc., in June 2008. Its headquarters are located in Waltham, Massachusetts.
ARDX Company Deck
ARDX Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a predominantly constructive commercial and financial picture — record quarterly revenue, double-digit year-over-year growth for both marketed products, improving losses and a pathway to profitability in 2027 — but is tempered by material payer-access headwinds that slowed new patient starts for IBSRELA, a lowered near-term guidance for IBSRELA, increased operating costs to address access challenges, and pulled longer-range XPHOZAH guidance pending regulatory/market clarity. Management has taken proactive remediation steps (IPN, enlarged FRM team, expanded sales force), retains confidence in long-term potential (including $1 billion IBSRELA ambition and tenapanor IP), and maintains solid liquidity, resulting in a net-positive but cautious outlook.View all ARDX earnings summariesARDX Stock 12 Month Forecast
All Analysts
Top Analysts
Average Price Target
$14.86
▲(193.62% Upside)
Technical Analysis
1 Day
3 Days
1 Week
1 Month
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Ownership Overview
3.67% Insiders
22.22% Mutual Funds
17.50% Other Institutional Investors
42.00% Public Companies and
Individual Investors










