The stock of Ardelyx Inc (ARDX) has seen a -2.05% decrease in the past week, with a -20.46% drop in the past month, and a -19.22% decrease in the past quarter. The volatility ratio for the week is 4.57%, and the volatility levels for the past 30 days are at 4.97% for ARDX. The simple moving average for the last 20 days is -6.01% for ARDX’s stock, with a simple moving average of -3.73% for the last 200 days.
Is It Worth Investing in Ardelyx Inc (NASDAQ: ARDX) Right Now?
Company’s 36-month beta value is 0.79.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 5 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ARDX is 225.26M, and currently, short sellers hold a 13.73% ratio of that floaft. The average trading volume of ARDX on June 24, 2024 was 4.91M shares.
ARDX) stock’s latest price update
Ardelyx Inc (NASDAQ: ARDX)’s stock price has gone rise by 0.97 in comparison to its previous close of 6.16, however, the company has experienced a -2.05% decrease in its stock price over the last five trading days. investorplace.com reported 2024-06-24 that Even though they are among the riskiest stocks on the market, investing in some penny stocks can mean a lot of profits. In times of economic uncertainty, penny stock investment can be a lifesaver for investors.
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 -11.73% 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 -38.60% of loss for the given period.
Volatility was left at 4.97%, however, over the last 30 days, the volatility rate increased by 4.57%, as shares sank -17.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.76% lower at present.
During the last 5 trading sessions, ARDX fell by -3.39%, which changed the moving average for the period of 200-days by +29.70% in comparison to the 20-day moving average, which settled at $6.55. In addition, Ardelyx Inc saw 0.32% 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 35,000 shares at the price of $6.65 back on Jun 13 ’24. After this action, RAAB MICHAEL now owns 1,270,273 shares of Ardelyx Inc, valued at $232,743 using the latest closing price.
Williams Laura A, the Chief Medical Officer of Ardelyx Inc, sale 145,000 shares at $7.12 during a trade that took place back on Jun 05 ’24, which means that Williams Laura A is holding 322,152 shares at $1,033,080 based on the most recent closing price.
Stock Fundamentals for ARDX
Current profitability levels for the company are sitting at:
- -0.39 for the present operating margin
- 0.85 for the gross margin
The net margin for Ardelyx Inc stands at -0.41. The total capital return value is set at -0.22. Equity return is now at value -47.64, with -23.53 for asset returns.
Based on Ardelyx Inc (ARDX), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at -0.77. The debt to equity ratio resting at 0.69. The interest coverage ratio of the stock is -7.94.
Currently, EBITDA for the company is -55.35 million with net debt to EBITDA at -1.22. When we switch over and look at the enterprise to sales, we see a ratio of 9.58. The receivables turnover for the company is 5.65for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.53.
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.
