Is Ardelyx Inc. (ARDX) Stock Cheap Or Risky?

As of Friday close, Ardelyx Inc.’s (NASDAQ:ARDX) stock was up $0.03, moving up 4.02 percent to $0.85. The average number of shares traded per day over the past five days has been 1,936,760 shares. 5 times new highs have been achieved over the past 5 days, with a $0.1550 gain in that time frame. In the last twenty days, the average volume was 1,527,815, while in the previous 50 days, it was 2,480,646.

Since last month, ARDX stock rose 25.44%. Shares of the company fell to $0.6011 on 07/06/22, the lowest level in the past month. A 52-week high of $1.92 was reached on 04/04/22 after having rallying from a 52-week low of $0.49. Since the beginning of this year, ARDX’s stock price has dropped by -22.45% or -$0.2470, and marked a new high 2 times. However, the stock has declined by -55.57% since its 52-week high.

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Ardelyx Inc. (ARDX) last reported insider trading activity 11 days ago on Jul 26. Blanks Robert, the of the company, disposed of 5,188 shares for $0.67 on Jul 26. It resulted in a $3,476 divestment by the insider. Rodriguez Susan sold 43,920 shares at an average price of $0.65 on Jun 06. The insider now owns 289,593 shares following the transaction. On Jun 06, Chief Financial Officer Renz Justin A sold 73,312 shares at $0.65 apiece. The transaction was valued at $47,696.

Valuation Metrics

The stock’s beta is 1.83. Besides these, the trailing price-to-sales (P/S) ratio of 30.25, the price-to-book (PB) ratio of 1.74.

Financial Health

In the three months ended March 30, Ardelyx Inc.’s quick ratio stood at 2.30, while its current ratio was 2.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 97.90% percent. Based on annual data, ARDX earned $9.1 million in gross profit and brought in $10.1 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -134.30%. Return on equity (ROE) for the past 12 months was -177.10%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ARDX’s revenue fell -1300.0% to $1.03 million during the quarter, while net income inched up to $0.47 million. While analysts expected Ardelyx Inc. to report -$0.22 quarterly earnings, the actual figure was -$0.21 per share, beating the consensus estimate by 4.50%. During the quarter, the company generated -$25.92 million in EBITDA. The liabilities of Ardelyx Inc. were 78.57 million at the end of its most recent quarter ended March 30, and its total debt was $38.54 million. The value of shareholders’ equity is $154.64 million.

Technical Picture

This quick technical analysis looks at Ardelyx Inc.’s (ARDX) price momentum. With a historical volatility rate of 60.23%, the RSI 9-day stood at 77.05% on 05 August.

With respect to its five-day moving average, the current Ardelyx Inc. price is up by +22.21% percent or $0.1550. At present, ARDX shares trade +21.86% above its 20-day simple moving average and -5.92% percent below its 100-day simple moving average. However, the stock is currently trading approximately +43.36% above its SMA50 and -18.76% below its SMA200.

Stochastic coefficient K was 83.94% and Stochastic coefficient D was 66.12%, while ATR was 0.0716. Given the Stochastic reading of 92.45% for the 14-day period, the RSI (14) reading has been calculated as 70.04%. As of today, the MACD Oscillator reading stands at 0.0851, while the 14-day reading stands at 0.0935.

Analyst Ratings

Ardelyx Inc. downgraded its rating on Ardelyx Inc. (NASDAQ: ARDX) to a Neutral in a note to investors on May 06, 2022. The analysts firm previously had an Overweight rating on the stock.Ardelyx Inc. (ARDX) has been rated Overweight by analysts. According to 0 brokerage firms, ARDX is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Ardelyx Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $4.00, the current consensus forecast for the stock is $1.00 – $12.00. Based on these forecasts, analysts predict Ardelyx Inc. (ARDX) will achieve an average price target of $4.83.


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