The stock price of Ardelyx Inc (NASDAQ: ARDX) has surged by 5.52 when compared to previous closing price of 4.71, but the company has seen a -1.97% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-14 that Ardelyx’s Q3 revenue grew to $98 million, with strong Xphozah sales despite CMS’s recent bundling ruling impacting future reimbursement. The CMS lawsuit dismissal affected Xphozah’s reimbursement prospects, creating significant regulatory uncertainty and limiting Ardelyx’s revenue control. Ibsrela faces substantial competition in the IBS-C market, with lofty revenue projections likely overstating its realistic market share.
Is It Worth Investing in Ardelyx Inc (NASDAQ: ARDX) Right Now?
ARDX has 36-month beta value of 0.80. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 5 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for ARDX is 228.12M, and currently, short sellers hold a 10.55% ratio of that float. The average trading volume of ARDX on November 18, 2024 was 3.61M shares.
ARDX’s Market Performance
The stock of Ardelyx Inc (ARDX) has seen a -1.97% decrease in the past week, with a -14.75% drop in the past month, and a -17.03% fall in the past quarter. The volatility ratio for the week is 9.10%, and the volatility levels for the past 30 days are at 6.76% for ARDX. The simple moving average for the last 20 days is -11.13% for ARDX stock, with a simple moving average of -26.83% for the last 200 days.
Analysts’ Opinion of ARDX
Many brokerage firms have already submitted their reports for ARDX stocks, with H.C. Wainwright repeating the rating for ARDX by listing it as a “Neutral.” The predicted price for ARDX in the upcoming period, according to H.C. Wainwright is $5.50 based on the research report published on November 11, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see ARDX reach a price target of $7, previously predicting the price at $15. The rating they have provided for ARDX stocks is “Neutral” according to the report published on July 02nd, 2024.
Leerink Partners gave a rating of “Outperform” to ARDX, setting the target price at $14 in the report published on April 05th of the current year.
ARDX Trading at -16.25% 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 -50.94% of loss for the given period.
Volatility was left at 6.76%, however, over the last 30 days, the volatility rate increased by 9.10%, as shares sank -14.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.25% lower at present.
During the last 5 trading sessions, ARDX fell by -1.97%, which changed the moving average for the period of 200-days by -46.50% in comparison to the 20-day moving average, which settled at $5.59. In addition, Ardelyx Inc saw -19.84% 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 MOTT DAVID M, who purchase 215,868 shares at the price of $4.62 back on Nov 13 ’24. After this action, MOTT DAVID M now owns 1,425,465 shares of Ardelyx Inc, valued at $996,598 using the latest closing price.
RAAB MICHAEL, the President & CEO of Ardelyx Inc, sale 2,743 shares at $4.90 during a trade that took place back on Nov 11 ’24, which means that RAAB MICHAEL is holding 1,207,365 shares at $13,441 based on the most recent closing price.
Stock Fundamentals for ARDX
Current profitability levels for the company are sitting at:
- -0.25 for the present operating margin
- 0.85 for the gross margin
The net margin for Ardelyx Inc stands at -0.29. The total capital return value is set at -0.22. Equity return is now at value -41.54, with -22.09 for asset returns.
Based on Ardelyx Inc (ARDX), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at -0.61. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is -3.76.
Currently, EBITDA for the company is -55.35 million with net debt to EBITDA at -1.08. When we switch over and look at the enterprise to sales, we see a ratio of 4.9. The receivables turnover for the company is 4.73for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.03.
Conclusion
To put it simply, Ardelyx Inc (ARDX) has had a bad 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.
