Ardelyx Stock: Undervalued by 89.9% or Fully Priced in 2025?

Ardelyx shares have surged 15.5% over the past month and 21.3% over the past year, driven by positive regulatory developments and new product approvals. The stock is currently undervalued by 89.9% according to our Discounted Cash Flow analysis, suggesting significant upside potential. However, the most effective valuation approach for Ardelyx may be the Price-to-Sales ratio, which is still in focus for investors due to the company's revenue growth.