$ARDX, first breakout of the stubborn $4.96 resistance line
Now $4.98 & I expect a quick move up, then retesting before the next leg-up into the gap
$ARDX - 04/17/23 08:34.57 - Wedbush Maintains Outperform on Ardelyx, Raises Price Target to $7.
Wedbush analyst Laura Chico maintains Ardelyx (NASDAQ:ARDX) with a Outperform and raises the price target from $6 to $7. 🔥🚀
$ARDX Weekly. The continued long slow upward grind of ARDX price action tells us that we still have a long way to go up... and NO I am NOT scared of any possible future offerings as I trust Raab and team to do the right thing.
Press Release: Ardelyx Presents Positive Data Further Supporting Efficacy and Safety of XPHOZAH® (tenapanor) at National Kidney Foundation 2023 Spring Clinical Meetings. https://t.co/VVAhNMw35k
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conservative side. Given this we continue to view the tenapanor opportunity and **ARDX shares as under-appreciated and under-valued and think the stock can grind closer to our $15 target as investors begin to recognize tenapanor’s potential.
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for 2023-2025, respectively. Plugging nephrologists’ peak tenapanor share projections (>50% in dialysis, 30% for CKD-ND) into our model verbatim implies $1B in upside to our 2025 US estimate, so we think our numbers are realistic and perhaps on the
$ARDX This was highlight from old Piper note regarding tenapanor...
"Our estimates seem pretty conservative. As with all launches, the access/reimbursement picture will be the largest post approval issue and we continue to model US revenue of $292M, $619M and $782M
$ARDX is printing a New-52W-High with positive momentum, will test the next resistance line $4.96
Early Q2 is the IND resubmission
So, resubmission in April & if 2 months then FDA PDUFA in June!!
@Kachi_Galaxygod IMO…no!! $ARDX is turning into a monster with both the technicals and the fundamentals lining up… It has a long way to go $8 - $12 plus…