Ardelyx Inc (NASDAQ:ARDX) saw an upside of 4.37% to close Tuesday at $4.06 after adding $0.17 on the day. The 5-day average trading volume is 5,836,160 shares of the company’s common stock. It has gained $4.27 in the past week and touched a new high 3 times within the past 5 days. An average of 6,932,160 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,233,830.
ARDX’s 1-month performance is 3.05% or $0.12 on its low of $3.62 reached on 09/22/23. The company’s shares have touched a 52-week low of $1.10 and high of $5.12, with the stock’s rally to the 52-week high happening on 04/17/23. YTD, ARDX has achieved 42.46% or $1.21 and has reached a new high 16 times. However, the current price is down -20.78% from the 52-week high price.
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Insider Transactions
ARDX stock investors last saw insider trading activity on Sep 08.Rosenbaum David P. (Chief Development Officer) most recently sold 2,897 shares at $4.55 per share on Sep 08. This transaction cost the insider $13,181. President & CEO, RAAB MICHAEL, sold 11,419 shares at a price of $3.55 on Aug 21. Then, on Aug 21, Chief Commercial Officer Rodriguez Susan sold 4,733 shares at a price of $3.55 per share. This transaction amounted to $16,811.
Valuation Metrics
ARDX stock has a beta of 1.18. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.67 while the price-to-book (PB) in the most recent quarter is 7.18.
Ardelyx Inc’s quick ratio for the period ended June 30 was 2.50, with the current ratio over the same period at 2.63. As well, the company’s long term debt to equity for the quarter ending June 30 was 0.03, while the total debt to equity was 0.28.. In terms of profitability, the gross margin trailing 12 months is 84.34%. The trailing 12-month EBITDA margin is -113.42% while for the period ending June 30, Ardelyx Inc’s operating margin was -63.26%. The firm’s gross profit as reported stood at $48.04 million against revenue of $52.16 million.
Earnings Surprise
For the quarterly period ending June 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -4.86% to -$26.77 million, while revenue of $10.7 million was 139.97% off the previous quarter. Analysts expected ARDX to announce -$0.11 per share in earnings in its latest quarter, but it posted -$0.08, representing a 27.30% surprise. EBITDA for the quarter stood at more than -$15.98 million. ARDX stock balance sheet for the quarter ending June 30 shows that total liabilities totaled 88.04 million, with total debt at $34.91 million. Shareholders hold equity totaling $217.86 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 26 September was 46.66% to suggest the stock is trending Neutral, with historical volatility in this time period at 74.80%.
The stock’s 5-day moving average is $3.88, reflecting a +1.25% or $0.05 change from its current price. ARDX is currently trading -4.47% above its 20-day SMA, -13.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +14.69% and SMA200 by+126.82%.
Stochastic %K and %D was 25.68% and 16.97% and the average true range (ATR) pointed at 0.31. The RSI (14) points at 48.18%, while the 14-day stochastic is at 32.59% with the period’s ATR at 0.29. The stock’s 9-day MACD Oscillator is pointing at -0.12 and -0.33 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Ardelyx Inc (NASDAQ: ARDX), H.C. Wainwright launched coverage with a Buy rating. Analysts offering their rating for ARDX stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ARDX as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 8 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 $6.00 and a high of $12.00, with their median price target at $8.50. Looking at these predictions, the average price target given by analysts is for Ardelyx Inc (ARDX) stock is $8.50.
