The stock of Ardelyx Inc (ARDX) has gone down by -6.77% for the week, with a -22.83% drop in the past month and a 11.96% rise in the past quarter. The volatility ratio for the week is 4.31%, and the volatility levels for the past 30 days are 5.52% for ARDX. The simple moving average for the last 20 days is -13.03% for ARDX stock, with a simple moving average of 33.40% for the last 200 days.
Is It Worth Investing in Ardelyx Inc (NASDAQ: ARDX) Right Now?
Company’s 36-month beta value is 0.85.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 6 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ARDX is 223.69M, and currently, short sellers hold a 16.23% ratio of that floaft. The average trading volume of ARDX on April 01, 2024 was 6.30M shares.
ARDX) stock’s latest price update
Ardelyx Inc (NASDAQ: ARDX)’s stock price has plunge by -1.48relation to previous closing price of 7.41. Nevertheless, the company has seen a -6.77% plunge in its stock price over the last five trading sessions. Schaeffers Research reported 2024-03-21 that Ardelyx Inc (NASDAQ:ARDX) stock was last seen 0.6% lower at $7.75, extending a pullback from its Feb. 12, nearly seven-year high of $10.13.
Analysts’ Opinion of ARDX
Many brokerage firms have already submitted their reports for ARDX stocks, with Raymond James repeating the rating for ARDX by listing it as a “Strong Buy.” The predicted price for ARDX in the upcoming period, according to Raymond James is $12 based on the research report published on December 18, 2023 of the previous year 2023.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see ARDX reach a price target of $9. The rating they have provided for ARDX stocks is “Buy” according to the report published on September 07th, 2023.
Cantor Fitzgerald gave a rating of “Overweight” to ARDX, setting the target price at $10 in the report published on August 25th of the previous year.
ARDX Trading at -16.51% from the 50-Day Moving Average
After a stumble in the market that brought ARDX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.94% of loss for the given period.
Volatility was left at 5.52%, however, over the last 30 days, the volatility rate increased by 4.31%, as shares sank -21.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.32% lower at present.
During the last 5 trading sessions, ARDX fell by -6.77%, which changed the moving average for the period of 200-days by +82.96% in comparison to the 20-day moving average, which settled at $8.29. In addition, Ardelyx Inc saw 17.74% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ARDX starting from GRAMMER ELIZABETH A, who sale 86,000 shares at the price of $7.73 back on Mar 20 ’24. After this action, GRAMMER ELIZABETH A now owns 312,993 shares of Ardelyx Inc, valued at $664,978 using the latest closing price.
Rosenbaum David P., the Chief Development Officer of Ardelyx Inc, sale 5,183 shares at $9.20 during a trade that took place back on Feb 26 ’24, which means that Rosenbaum David P. is holding 175,936 shares at $47,684 based on the most recent closing price.
Stock Fundamentals for ARDX
Current profitability levels for the company are sitting at:
- -0.51 for the present operating margin
- 0.86 for the gross margin
The net margin for Ardelyx Inc stands at -0.53. The total capital return value is set at -0.26. Equity return is now at value -49.83, with -27.10 for asset returns.
Based on Ardelyx Inc (ARDX), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at -1.6. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is -11.03.
Currently, EBITDA for the company is -55.35 million with net debt to EBITDA at -0.6. When we switch over and look at the enterprise to sales, we see a ratio of 13.93. The receivables turnover for the company is 5.65for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.88.
Conclusion
In a nutshell, Ardelyx Inc (ARDX) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
