Ardelyx Inc. (ARDX) Is A Stock You Should Watch


As of Thursday close, Ardelyx Inc.’s (NASDAQ:ARDX) stock was down -$0.22, moving down -6.27 percent to $3.29. The average number of shares traded per day over the past five days has been 6,595,100 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.35 fall in that time frame. In the last twenty days, the average volume was 6,163,205, while in the previous 50 days, it was 6,451,066.

Since last month, ARDX stock retreated -29.40%. Shares of the company fell to $3.23 on 05/25/23, the lowest level in the past month. A 52-week high of $5.12 was reached on 04/17/23 after having rallying from a 52-week low of $0.49. Since the beginning of this year, ARDX’s stock price has risen by 15.44% or $0.44, and marked a new high 16 times. However, the stock has declined by -35.80% since its 52-week high.

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ARDX stock investors should be aware that Ardelyx Inc. (ARDX) stock had its last reported insider trading activity 3 days ago on May 23. RAAB MICHAEL, the President & CEO of the company, disposed of 11,357 shares for $3.65 on May 23. It resulted in a $41,489 divestment by the insider. Rodriguez Susan sold 4,711 shares at an average price of $3.65 on May 23. The insider now owns 353,420 shares following the transaction. On May 23, Chief Financial Officer Renz Justin A sold 2,873 shares at $3.65 apiece. The transaction was valued at $10,496.

Valuation Metrics

The stock’s beta is 1.21. Besides these, the trailing price-to-sales (P/S) ratio of 11.46, the price-to-book (PB) ratio of 5.39.

Financial Health

In the three months ended March 30, Ardelyx Inc.’s quick ratio stood at 2.60, while its current ratio was 2.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 91.20% percent. In the year ended March 30, EBITDA margin amounted to -113.42%, whereas operating margins totaled -98.30%. Based on annual data, ARDX earned $48.04 million in gross profit and brought in $52.16 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 -51.00%. Return on equity (ROE) for the past 12 months was -76.70%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ARDX’s revenue rose 95.87% to $44.18 million during the quarter, while net income inched up to $11.37 million. While analysts expected Ardelyx Inc. to report -$0.1 quarterly earnings, the actual figure was -$0.13 per share. During the quarter, the company generated -$26.07 million in EBITDA. The liabilities of Ardelyx Inc. were 91.6 million at the end of its most recent quarter ended March 30, and its total debt was $35.69 million. The value of shareholders’ equity is $214.46 million.

Technical Picture

This quick technical analysis looks at Ardelyx Inc.’s (ARDX) price momentum. With a historical volatility rate of 72.18%, the RSI 9-day stood at 20.11% on 25 May.

With respect to its five-day moving average, the current Ardelyx Inc. price is down by -9.62% percent or -$0.35. At present, ARDX shares trade -27.21% below its 20-day simple moving average and +15.44% percent above its 100-day simple moving average. However, the stock is currently trading approximately -17.54% below its SMA50 and +259.96% above its SMA200.

Stochastic coefficient K was 7.12% and Stochastic coefficient D was 8.70%, while ATR was 0.29. Given the Stochastic reading of 4.14% for the 14-day period, the RSI (14) reading has been calculated as 28.15%. As of today, the MACD Oscillator reading stands at -0.32, while the 14-day reading stands at -0.49.

Analyst Ratings

Ardelyx Inc. (ARDX) has been rated Buy by analysts. According to 0 brokerage firms, ARDX is a sell, and 1 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 6 recommending it as overweight.

With a median target price of $7.00, the current consensus forecast for the stock is $5.00 – $10.00. Based on these forecasts, analysts predict Ardelyx Inc. (ARDX) will achieve an average price target of $7.08.


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