Shares of Ardelyx Inc. (NASDAQ:ARDX) traded today at $9.23, eclipsing its 52-week high. Approximately 632,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.
Ardelyx Inc. share prices have moved between a 52-week high of $9.23 and a 52-week low of $4.96 and are now trading 75% above that low price at $8.69 per share.
Ardelyx Inc is a biotechnology company focused on the discovery, development, and commercialization of molecule and polymeric therapeutics to treat the gastrointestinal tract and cardiorenal diseases. 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.
Ardelyx Inc. (NASDAQ:ARDX) defies analysts with a current price ($8.69) 9.4% above its average consensus price target of $7.88.
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