Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Ardelyx Inc (NASDAQ: ARDX) was $5.72 for the day, down -10.06% from the previous closing price of $6.36. In other words, the price has decreased by -$10.06 from its previous closing price. On the day, 6.55 million shares were traded.
Ratios:
Our analysis of ARDX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.01 and its Current Ratio is at 4.25. In the meantime, Its Debt-to-Equity ratio is 0.89 whereas as Long-Term Debt/Eq ratio is at 0.88.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, H.C. Wainwright on November 11, 2024, Downgraded its rating to Neutral and sets its target price to $5.50 from $11 previously.
On July 02, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $15 to $7.
On April 05, 2024, Leerink Partners started tracking the stock assigning a Outperform rating and target price of $14.Leerink Partners initiated its Outperform rating on April 05, 2024, with a $14 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 12 ’25 when Blanks Robert bought 75,000 shares for $5.46 per share.
RAAB MICHAEL sold 41,666 shares of ARDX for $223,355 on Jan 31 ’25. The President & CEO now owns 1,108,719 shares after completing the transaction at $5.36 per share. On Jan 21 ’25, another insider, MOTT DAVID M, who serves as the Director of the company, bought 199,000 shares for $4.99 each. As a result, the insider paid 992,672 and bolstered with 1,937,765 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 4.06 while its Price-to-Book (P/B) ratio in mrq is 8.56.
Stock Price History:
Over the past 52 weeks, ARDX has reached a high of $9.83, while it has fallen to a 52-week low of $4.32. The 50-Day Moving Average of the stock is 7.53%, while the 200-Day Moving Average is calculated to be -3.89%.
Shares Statistics:
A total of 236.85M shares are outstanding, with a floating share count of 227.39M. Insiders hold about 4.00% of the company’s shares, while institutions hold 64.29% stake in the company.
