FYC's Underlying Holdings Imply 21% Gain Potential
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 02 2024
0mins
Should l Buy ARDX?
Source: NASDAQ.COM
- Analyst Target Price Comparison: ETFs' implied analyst target prices compared to current trading prices are analyzed.
- First Trust Small Cap Growth AlphaDEX Fund ETF (FYC): Implied analyst target price for FYC is $79.37 per unit, indicating a 21.08% upside from the recent price of $65.55.
- Underlying Holdings: Three holdings with notable upside are Ardelyx Inc (ARDX), Mirum Pharmaceuticals Inc (MIRM), and Kymera Therapeutics Inc (KYMR).
- Individual Stock Analysis: ARDX has a target price 82.73% higher than its recent price, MIRM has 67.13% upside, and KYMR is expected to increase by 56.70%.
- Investor Considerations: Questions raised about analysts' justifications for targets, potential impact on stock prices, and the need for further investor research.
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Analyst Views on ARDX
Wall Street analysts forecast ARDX stock price to rise
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 7.010
Low
10.00
Averages
14.86
High
19.00
Current: 7.010
Low
10.00
Averages
14.86
High
19.00
About ARDX
Ardelyx, Inc. is a biopharmaceutical company focused on discovering, developing and commercializing first-in-class medicines. The Company has two commercial products approved in the United States: IBSRELA (tenapanor) and XPHOZAH (tenapanor). IBSRELA is a first-in-class NHE3 inhibitor approved by the United States FDA for the treatment of irritable bowel syndrome with constipation in adults. XPHOZAH is a first-in-class phosphate absorption inhibitor approved in the United States to reduce serum phosphorus in adults with chronic kidney disease (CKD) 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. It has agreements for the development and commercialization of tenapanor outside of the United States. Kyowa Kirin commercializes PHOZEVEL (tenapanor) for hyperphosphatemia in Japan. A New Drug Application for tenapanor for hyperphosphatemia has been approved in China with Fosun Pharma.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Capitalization: Ardelyx boasts a market cap of $1.6 billion, reflecting its solid foundation in the biopharmaceutical sector, which has attracted Zydus's interest for acquisition, potentially providing funding support for future growth.
- Funding Strategy: Zydus plans to raise funds through qualified institutional placement to partially finance the acquisition, a move that not only underscores its commitment to Ardelyx but may also enhance its competitive edge in the biopharmaceutical market.
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