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ARDX Overview

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$
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0.000(0.000%)
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0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
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0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
5.560
Open
5.360
VWAP
5.41
Vol
4.58M
Mkt Cap
1.33B
Low
5.290
Amount
24.76M
EV/EBITDA(TTM)
--
Total Shares
247.03M
EV
1.28B
EV/OCF(TTM)
--
P/S(TTM)
3.03
Ardelyx, Inc. is a commercial-stage biopharmaceutical company focused on the development and commercialization of innovative medicines that meet significant unmet medical need. The Company markets two therapies from the active ingredient tenapanor, a sodium/hydrogen exchanger (NHE3) inhibitor. NHE3 is an antiporter expressed on the apical surface of the small and large intestines. Tenapanor is a minimally absorbed, first-in-class, oral, small molecule therapy. Tenapanor, branded as IBSRELA, is approved in the United States for the treatment of adults with irritable bowel syndrome with constipation. Tenapanor, branded as XPHOZAH, is approved in the United States to reduce serum phosphorus in adults with chronic kidney disease on dialysis as add-on therapy in patients who have an inadequate response to phosphate binders or who are intolerant of any dose of phosphate binder therapy. In addition to commercializing IBSRELA and XPHOZAH, it is also developing a next-generation NHE3 inhibitor.
Show More

Events Timeline

(ET)
2026-04-30
16:30:00
Ardelyx Reports Q1 Revenue of $94.47M, Exceeds Expectations
select
2026-04-22 (ET)
2026-04-22
07:30:00
Jade Biosciences Appoints Edward Conner as Chief Medical Officer
select
2026-04-20 (ET)
2026-04-20
08:30:00
Ardelyx Appoints Felecia Ettenberg as Chief Legal Officer
select
2026-04-01 (ET)
2026-04-01
08:20:00
Ardelyx Appoints Rajani Dinavahi as Chief Medical Officer
select
2026-03-05 (ET)
2026-03-05
07:40:00
Zevra Therapeutics Appoints Justin Renz as CFO
select
2026-02-24 (ET)
2026-02-24
08:20:00
Ardelyx Becomes Official Partner of LPGA
select
2026-02-20 (ET)
2026-02-20
16:10:00
Supreme Court Rules Against Trump's Tariffs
select
2026-02-20
12:40:00
Supreme Court Rules Against Trump's Tariffs
select

News

stocktwits
7.0
06-26stocktwits
Ardelyx Faces Legal Setback for Xphozah Reimbursement
  • Legal Challenge Resolved: The U.S. Court of Appeals for the D.C. Circuit upheld the lower court's ruling that Ardelyx's drug Xphozah is not eligible for separate reimbursement under Medicare, moving it into the dialysis payment bundle, which typically reduces pricing power and may hinder adoption by providers.
  • Significant Stock Reaction: Ardelyx (ARDX) shares fell 8% following the ruling, marking its worst single-day decline since late February, indicating market concerns over the company's revenue prospects amidst reimbursement uncertainties.
  • Analyst Insights: Jefferies noted that the appellate decision effectively resolves a long-standing legal challenge, and while it shouldn't fundamentally alter the company's outlook, they anticipate second-quarter sales for Ardelyx's other product, IBSRELA, to fall below consensus estimates, potentially exerting near-term pressure on shares.
  • Retail Sentiment Shift: On Stocktwits, retail sentiment around ARDX stock shifted from 'neutral' to 'bullish' in the past 24 hours, despite the stock being down 5% year-to-date, reflecting investor hopes for improved execution moving forward.
seekingalpha
7.0
06-26seekingalpha
Ardelyx Shares Drop After Losing Medicare Appeal
  • Lawsuit Outcome Impact: Ardelyx (ARDX) shares fell approximately 6% on Friday following the loss of an appeal against the Department of Health and Human Services, indicating a significant setback in securing Medicare coverage for its kidney disease therapy, Xphozah, which could adversely affect future revenues.
  • Medicare Coverage Dispute: The lawsuit challenged Medicare's proposal to include oral phosphate-lowering therapies like Xphozah in the End-Stage Renal Disease payment system; a successful appeal could have provided reimbursement opportunities, but the court's ruling undermined market confidence in the product.
  • Analyst Insights: Jefferies analyst Dennis Ding noted that the setback removes the opportunity for Xphozah to be reimbursed as a standalone option for chronic kidney disease patients, and while he maintains a Buy rating and a $15 price target on ARDX, he expresses caution regarding its near-term performance.
  • Future Outlook: Although analysts believe the loss will not fundamentally alter ARDX's fundamentals, concerns about its short-term performance have intensified, particularly with the CMS appeal catalyst now out of the way, potentially leading to further stock pressure.
NASDAQ.COM
5.0
06-24NASDAQ.COM
Ardelyx Executive Sells 81,898 Shares of Common Stock
  • Executive Stock Sale: Ardelyx's Chief Patient Officer Laura Williams sold 81,898 shares of common stock on June 18, 2026, for approximately $490,000, representing a 17.8% reduction in her direct holdings, indicating a strategic response to market conditions.
  • Updated Holdings: Post-transaction, Williams retains 378,195 shares and 31,000 stock options, suggesting continued alignment with shareholder interests despite the reduction, which reflects confidence in the company's future growth prospects.
  • Strong Financial Performance: Ardelyx reported a 38% year-over-year increase in first-quarter product revenue to $93.4 million, driven by a 58% rise in IBSRELA revenue to $70.1 million, highlighting robust market demand and operational execution in the biotechnology sector.
  • Future Guidance: Management reiterated 2026 revenue guidance of $410 million to $430 million for IBSRELA and $110 million to $120 million for XPHOZAH, indicating a commitment to investing in new clinical trials and product pipelines, with IBSRELA projected to become a “blockbuster” product by 2029.
Fool
5.0
06-23Fool
Ardelyx Executive Sells Shares, Reduces Stake by 17.8%
  • Executive Stock Sale: On June 22, 2026, Ardelyx's Chief Patient Officer Laura Williams sold 81,898 shares of common stock for approximately $490,000, resulting in a 17.8% reduction in her direct holdings from 460,093 to 378,195 shares, indicating a strategic profit-taking after significant stock appreciation.
  • Options Exercise Context: The sale followed the exercise of 31,000 stock options, with Williams retaining the same number of options for future conversion to common stock, reflecting her ongoing confidence in the company's growth prospects.
  • Market Environment Impact: The transaction occurred after Ardelyx shares experienced a total return of about 70% over the past year, suggesting that the sale was a prudent move in a favorable market environment for executives.
  • Strong Financial Performance: Ardelyx reported a 38% year-over-year increase in first-quarter product revenue to $93.4 million, with management reaffirming 2026 revenue guidance for IBSRELA between $410 million and $430 million, showcasing the company's robust execution and future growth potential.
stocktwits
9.5
06-04stocktwits
Ardelyx Projects Over $500 Million Revenue in 2023
  • Revenue Growth Outlook: Ardelyx anticipates combined revenue from its flagship products, IBSRELA and XPHOZAH, to exceed $500 million in 2023, with IBSRELA projected at $410–430 million and XPHOZAH at $110–120 million, indicating robust market demand and sales potential.
  • Long-Term Goals Reaffirmed: The company reaffirmed its revenue target of $1 billion for IBSRELA by 2029 and a peak of $750 million for XPHOZAH, demonstrating confidence in its strategic planning and future growth trajectory.
  • R&D Progress on Track: The late-stage trial of IBSRELA for Chronic Idiopathic Constipation is progressing as scheduled, with full enrollment expected by year-end and top-line data anticipated in mid-2027, further bolstering market confidence in its product pipeline.
  • Market Sentiment Shift: Retail sentiment around ARDX stock on Stocktwits shifted from 'neutral' to 'bullish', with analysts unanimously rating it 'Buy' or higher, and a 12-month average price target of $16.33 indicating over 200% potential upside, reflecting investor optimism about the company's future performance.
seekingalpha
9.5
05-01seekingalpha
Ardelyx Q1 2026 Earnings Call Highlights
  • Significant Revenue Growth: Ardelyx reported $93.4 million in total product revenues for Q1 2026, reflecting a 38% year-over-year increase, with IBSRELA contributing $70.1 million, indicating strong market performance and growth potential.
  • Pipeline Expansion: The company initiated the ACCEL trial to evaluate IBSRELA for chronic idiopathic constipation, with top-line data expected in the second half of 2027, laying the groundwork for future product line expansion.
  • Improved Financial Stability: The CFO highlighted Ardelyx's trajectory towards profitability and cash generation, reiterating 2026 revenue guidance for IBSRELA between $410 million and $430 million, showcasing the company's growing financial maturity.
  • Leadership Updates: The addition of a new Chief Legal Officer and Chief Medical Officer signifies strategic adjustments in management, aimed at enhancing execution capabilities and market competitiveness to support future growth strategies.
Wall Street analysts forecast ARDX stock price to rise
7 Analyst Rating
Wall Street analysts forecast ARDX stock price to rise
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
10.00
Averages
14.86
High
19.00
Current: 0.000
sliders
Low
10.00
Averages
14.86
High
19.00
Jefferies
Buy
maintain
$15
AI Analysis
2026-06-26
Reason
Jefferies
Price Target
$15
AI Analysis
2026-06-26
maintain
Buy
Reason
Jefferies notes that an appellate court this morning reaffirmed a district court's decision and dismissed Ardelyx's appeal on Xphozah getting included in the Medicare ESRD bundle and no longer being reimbursed individually under Part D. The analyst notes that the firm has been flagging the appeals case as a free call option and didn't think investors were too interested in playing this catalyst, so it contends that "the loss shouldn't fundamentally change anything." However, the firm is also flagging that Q2 Ibsrela sales "likely will miss consensus" and wonders if shares could underperform in the near term now that the CMS appeal catalyst is out of the way. Jefferies has a Buy rating and $15 price target on Ardelyx shares.
Ladenburg Thalmann
Ladenburg
initiated
$16
2026-06-16
Reason
Ladenburg Thalmann
Ladenburg
Price Target
$16
2026-06-16
initiated
Reason
Ladenburg assumed coverage of Ardelyx with a Buy rating and $16 price target. The company's focus is on growing demand for Ibsrela, maintaining sales momentum for Xphozah, expanding its pipeline and meeting financial guidance numbers, the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for ARDX
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Valuation Metrics

The current forward P/E ratio for Ardelyx Inc (ARDX.O) is 40.65, compared to its 5-year average forward P/E of 17.57. For a more detailed relative valuation and DCF analysis to assess Ardelyx Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
17.57
Current PE
40.65
Overvalued PE
240.12
Undervalued PE
-204.98

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-14.68
Current EV/EBITDA
-5.84
Overvalued EV/EBITDA
25.65
Undervalued EV/EBITDA
-55.01

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
9.16
Current PS
1.76
Overvalued PS
31.56
Undervalued PS
-13.24

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Whales Holding ARDX

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Holding
ARDX
+11.03%
3M Return

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Frequently Asked Questions

What is Ardelyx Inc (ARDX) stock price today?

The current price of ARDX is 5.38 USD — it has increased 0.75

What is Ardelyx Inc (ARDX)'s business?

Ardelyx, Inc. is a commercial-stage biopharmaceutical company focused on the development and commercialization of innovative medicines that meet significant unmet medical need. The Company markets two therapies from the active ingredient tenapanor, a sodium/hydrogen exchanger (NHE3) inhibitor. NHE3 is an antiporter expressed on the apical surface of the small and large intestines. Tenapanor is a minimally absorbed, first-in-class, oral, small molecule therapy. Tenapanor, branded as IBSRELA, is approved in the United States for the treatment of adults with irritable bowel syndrome with constipation. Tenapanor, branded as XPHOZAH, is approved in the United States to reduce serum phosphorus in adults with chronic kidney disease on dialysis as add-on therapy in patients who have an inadequate response to phosphate binders or who are intolerant of any dose of phosphate binder therapy. In addition to commercializing IBSRELA and XPHOZAH, it is also developing a next-generation NHE3 inhibitor.

What is the price predicton of ARDX Stock?

Wall Street analysts forecast ARDX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARDX is14.86 USD with a low forecast of 10.00 USD and a high forecast of 19.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Ardelyx Inc (ARDX)'s revenue for the last quarter?

Ardelyx Inc revenue for the last quarter amounts to 94.47M USD, increased 27.47

What is Ardelyx Inc (ARDX)'s earnings per share (EPS) for the last quarter?

Ardelyx Inc. EPS for the last quarter amounts to -0.15 USD, decreased -11.76

How many employees does Ardelyx Inc (ARDX). have?

Ardelyx Inc (ARDX) has 489 emplpoyees as of July 08 2026.

What is Ardelyx Inc (ARDX) market cap?

Today ARDX has the market capitalization of 1.33B USD.