This developer of non-systemic small molecule therapeutics for the gastrointestinal tract has seen a mixed track record when it comes to estimate revisions of 1 increase and 1 decrease in the last 60 days. Meanwhile, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if Friday’s rally can turn into more strength down the road.
Ardelyx currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Med-Drugs industry may consider better-ranked stocks like Hyperion Therapeutics, Inc. (HPTX), Lannett Company, Inc. (LCI) and Shire plc (SHPG). All the three stocks sport a Zacks Rank #1 (Strong Buy).
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