Ardelyx Inc (NASDAQ: ARDX)’s stock price has decreased by -1.13 compared to its previous closing price of 7.06. However, the company has seen a -4.64% decrease in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-02 that The stock market has performed remarkably well lately. Within the last 12 months, the S&P 500, a benchmark representation of the U.S. stock market comprised of the 500 largest publicly traded companies, has increased by 26%.
Is It Worth Investing in Ardelyx Inc (NASDAQ: ARDX) Right Now?
Additionally, the 36-month beta value for ARDX is 0.83. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 5 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ARDX is 223.69M and currently, short sellers hold a 15.65% ratio of that float. The average trading volume of ARDX on April 15, 2024 was 5.67M shares.
ARDX’s Market Performance
ARDX stock saw a decrease of -4.64% in the past week, with a monthly decline of -13.08% and a quarterly a decrease of -22.70%. The volatility ratio for the week is 5.73%, and the volatility levels for the last 30 days are 5.46% for Ardelyx Inc (ARDX). The simple moving average for the last 20 days is -6.89% for ARDX stock, with a simple moving average of 23.20% for the last 200 days.
Analysts’ Opinion of ARDX
Many brokerage firms have already submitted their reports for ARDX stocks, with Leerink Partners repeating the rating for ARDX by listing it as a “Outperform.” The predicted price for ARDX in the upcoming period, according to Leerink Partners is $14 based on the research report published on April 05, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see ARDX reach a price target of $12. The rating they have provided for ARDX stocks is “Strong Buy” according to the report published on December 18th, 2023.
H.C. Wainwright gave a rating of “Buy” to ARDX, setting the target price at $9 in the report published on September 07th of the previous year.
ARDX Trading at -17.18% 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 -31.10% of loss for the given period.
Volatility was left at 5.46%, however, over the last 30 days, the volatility rate increased by 5.73%, as shares sank -13.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.54% lower at present.
During the last 5 trading sessions, ARDX fell by -4.23%, which changed the moving average for the period of 200-days by +106.78% in comparison to the 20-day moving average, which settled at $7.44. In addition, Ardelyx Inc saw 12.58% 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 RAAB MICHAEL, who sale 1,518 shares at the price of $7.31 back on Apr 01 ’24. After this action, RAAB MICHAEL now owns 1,318,433 shares of Ardelyx Inc, valued at $11,097 using the latest closing price.
GRAMMER ELIZABETH A sale 86,000 shares at $7.73 during a trade that took place back on Mar 20 ’24, which means that GRAMMER ELIZABETH A is holding 312,993 shares at $664,978 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 13.25. 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 conclusion, Ardelyx Inc (ARDX) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
