ARDX has 36-month beta value of 0.90. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 5 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ARDX is 225.31M, and currently, short sellers hold a 12.24% ratio of that float. The average trading volume of ARDX on August 02, 2024 was 4.98M shares.
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ARDX) stock’s latest price update
Ardelyx Inc (NASDAQ: ARDX)’s stock price has plunge by 2.82relation to previous closing price of 5.50. Nevertheless, the company has seen a 0.62% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-01 that Ardelyx, Inc. (NASDAQ:ARDX ) Q2 2024 Earnings Conference Call August 1, 2024 4:30 PM ET Company Participants Caitlin Lowie – Vice President of Corporate Communications & Investor Relations Michael Raab – President & Chief Executive Officer Susan Rodriguez – Chief Commercial Officer Justin Renz – Chief Financial Officer & Chief Operations Officer Conference Call Participants Louise Chen – Cantor Fitzgerald Yigal Nochomovitz – Citi Dennis Ding – Jefferies Laura Chico – Wedbush Roanna Ruiz – Leerink Partners Ryan Deschner – Raymond James Joseph Thome – TD Cowen Ed Arce – H.C. Wainwright.
ARDX’s Market Performance
Ardelyx Inc (ARDX) has experienced a 0.62% rise in stock performance for the past week, with a 6.30% rise in the past month, and a -16.72% drop in the past quarter. The volatility ratio for the week is 4.75%, and the volatility levels for the past 30 days are at 5.15% for ARDX. The simple moving average for the last 20 days is 0.33% for ARDX stock, with a simple moving average of -15.59% for the last 200 days.
Analysts’ Opinion of ARDX
Many brokerage firms have already submitted their reports for ARDX stocks, with Piper Sandler repeating the rating for ARDX by listing it as a “Neutral.” The predicted price for ARDX in the upcoming period, according to Piper Sandler is $7 based on the research report published on July 02, 2024 of the current year 2024.
Leerink Partners, on the other hand, stated in their research note that they expect to see ARDX reach a price target of $14. The rating they have provided for ARDX stocks is “Outperform” according to the report published on April 05th, 2024.
Raymond James gave a rating of “Strong Buy” to ARDX, setting the target price at $12 in the report published on December 18th of the previous year.
ARDX Trading at -9.11% 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 -44.18% of loss for the given period.
Volatility was left at 5.15%, however, over the last 30 days, the volatility rate increased by 4.75%, as shares surge +8.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.97% lower at present.
During the last 5 trading sessions, ARDX rose by +1.69%, which changed the moving average for the period of 200-days by +64.70% in comparison to the 20-day moving average, which settled at $5.66. In addition, Ardelyx Inc saw -8.79% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ARDX starting from MICHAEL G. RAAB, who proposed sale 30,000 shares at the price of $5.64 back on Jul 29 ’24. After this action, MICHAEL G. RAAB now owns shares of Ardelyx Inc, valued at $169,314 using the latest closing price.
RAAB MICHAEL, the President & CEO of Ardelyx Inc, sale 30,000 shares at $5.64 during a trade that took place back on Jul 29 ’24, which means that RAAB MICHAEL is holding 1,260,463 shares at $169,314 based on the most recent closing price.
Stock Fundamentals for ARDX
Current profitability levels for the company are sitting at:
- -0.28 for the present operating margin
- 0.87 for the gross margin
The net margin for Ardelyx Inc stands at -0.31. The total capital return value is set at -0.21. 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 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at -0.63. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is -24.24.
Currently, EBITDA for the company is -55.35 million with net debt to EBITDA at -1.13. When we switch over and look at the enterprise to sales, we see a ratio of 6.7. The receivables turnover for the company is 5.64for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.53.
Conclusion
To put it simply, Ardelyx Inc (ARDX) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
