Ardelyx Inc. (NASDAQ:ARDX) saw an upside of 2.33% to close Tuesday at $1.32 after adding $0.03 on the day. The 5-day average trading volume is 1,853,920 shares of the company’s common stock. It has gained $1.3400 in the past week. An average of 2,546,000 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,401,992.
ARDX’s 1-month performance is -1.49% or -$0.0400 on its low of $1.2500 reached on 10/11/21. The company’s shares have touched a 52-week low of $1.25 and high of $9.23, with the stock’s rally to the 52-week high happening on 04/15/21. YTD, ARDX has lost -79.60% or -$0.2975. However, the current price is down -85.70%% from the 52-week high price.
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On Aug 20, 54 days have gone by since the last insider trading activity for Ardelyx Inc. (ARDX). Rosenbaum David P. (Chief Development Officer) most recently sold 176 shares at $1.32 per share on Aug 20. This transaction cost the insider $232. Chief Development Officer, Rosenbaum David P., sold 631 shares at a price of $1.32 on Aug 20. Then, on Aug 20, President & CEO RAAB MICHAEL sold 2,573 shares at a price of $1.32 per share. This transaction amounted to $3,396.
Ardelyx Inc. (ARDX) has a trailing price-to-earnings (P/E) ratio of 34.65 for the broader industry and 32.19 for the sector.ARDX stock has a beta of 1.82. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 11.16 while the price-to-book (PB) in the most recent quarter is 1.12.
Ardelyx Inc.’s quick ratio for the period ended June 29 was 3.20, with the current ratio over the same period at 3.20 meaning that ARDX stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.13, while the total debt to equity was 0.44. In terms of profitability, the gross margin trailing 12 months is 91.90%. The trailing 12-month EBITDA margin is -1146.60%. The firm’s gross profit as reported stood at $7.43 million against revenue of $7.57 million.
For the quarterly period ending June 29 this year, Ardelyx Inc.’s cash and short-term investments amounted to $85.06 million against total debt of $65.98 million. Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected ARDX to announce -$0.36 per share in earnings in its latest quarter, but it posted -$0.45, representing a -25.00% surprise. EBITDA for the quarter stood at more than -$44.12 million. ARDX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 87.41 million, with total debt at $65.98 million. Shareholders hold equity totaling $103.12 million
Let’s look briefly at Ardelyx Inc. (ARDX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 51.82% to suggest the stock is trending Neutral, with historical volatility in this time period at 48.89%.
The stock’s 5-day moving average is $1.2800, reflecting a +0.76% or $0.0100 change from its current price. ARDX is currently trading +3.13% above its 20-day SMA, -22.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -21.43% and -23.26% respectively.
Stochastic %K and %D was 28.89% and 22.49% and the average true range (ATR) pointed at 0.0608. The RSI (14) points at 48.19%, while the 14-day stochastic is at 46.67% with the period’s ATR at 0.0653. The stock’s 9-day MACD Oscillator is pointing at -0.0133 and -0.0198 on the 14-day charts.
In the most recent analyst report for Ardelyx Inc. (NASDAQ: ARDX), Jefferies downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for ARDX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ARDX as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is ARDX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.00 and a high of $7.00, with their median price target at $5.25. Looking at these predictions, the average price target given by analysts is for Ardelyx Inc. (ARDX) stock is $4.75.