Additionally, the 36-month beta value for ARDX is 0.88. 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 226.74M and currently, short sellers hold a 10.17% ratio of that float. The average trading volume of ARDX on October 22, 2024 was 3.29M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
ARDX) stock’s latest price update
The stock of Ardelyx Inc (NASDAQ: ARDX) has increased by 0.68 when compared to last closing price of 5.84.Despite this, the company has seen a loss of -1.84% in its stock price over the last five trading days. zacks.com reported 2024-10-18 that After losing some value lately, a hammer chart pattern has been formed for Ardelyx (ARDX), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
ARDX’s Market Performance
Ardelyx Inc (ARDX) has experienced a -1.84% fall in stock performance for the past week, with a -4.08% drop in the past month, and a 3.34% rise in the past quarter. The volatility ratio for the week is 3.38%, and the volatility levels for the past 30 days are at 4.92% for ARDX. The simple moving average for the past 20 days is -5.59% for ARDX’s stock, with a -17.00% simple moving average for the past 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 -3.39% 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 -41.95% of loss for the given period.
Volatility was left at 4.92%, however, over the last 30 days, the volatility rate increased by 3.38%, as shares sank -0.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.16% upper at present.
During the last 5 trading sessions, ARDX fell by -1.84%, which changed the moving average for the period of 200-days by -3.29% in comparison to the 20-day moving average, which settled at $6.23. In addition, Ardelyx Inc saw -5.16% 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 RAAB MICHAEL, who sale 7,500 shares at the price of $6.01 back on Oct 11 ’24. After this action, RAAB MICHAEL now owns 1,210,108 shares of Ardelyx Inc, valued at $45,075 using the latest closing price.
MICHAEL G. RAAB, the Officer of Ardelyx Inc, proposed sale 7,500 shares at $6.01 during a trade that took place back on Oct 11 ’24, which means that MICHAEL G. RAAB is holding shares at $45,075 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
- 0.86 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 -48.23, with -23.49 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 -0.82. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is -5.53.
Currently, EBITDA for the company is -55.35 million with net debt to EBITDA at -1.14. When we switch over and look at the enterprise to sales, we see a ratio of 6.89. 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 4.21.
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.
