Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
After finishing at $6.38 in the prior trading day, Ardelyx Inc (NASDAQ: ARDX) closed at $5.07, down -20.53%. In other words, the price has decreased by -$20.53 from its previous closing price. On the day, 17.36 million shares were traded. ARDX stock price reached its highest trading level at $5.8702 during the session, while it also had its lowest trading level at $4.83.
Ratios:
Our goal is to gain a better understanding of ARDX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.87 and its Current Ratio is at 4.03. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.64.
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, Piper Sandler on July 02, 2024, Downgraded its rating to Neutral and sets its target price to $7 from $15 previously.
On April 05, 2024, Leerink Partners started tracking the stock assigning a Outperform rating and target price of $14.
On December 18, 2023, Raymond James started tracking the stock assigning a Strong Buy rating and target price of $12.Raymond James initiated its Strong Buy rating on December 18, 2023, with a $12 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 06 ’24 when Rosenbaum David P. sold 27,171 shares for $6.10 per share. The transaction valued at 165,743 led to the insider holds 153,616 shares of the business.
Rosenbaum David P. sold 27,172 shares of ARDX for $161,673 on Nov 04 ’24. The Chief Development Officer now owns 153,616 shares after completing the transaction at $5.95 per share. On Oct 28 ’24, another insider, RAAB MICHAEL, who serves as the President & CEO of the company, sold 25,000 shares for $5.91 each. As a result, the insider received 147,740 and left with 1,210,108 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARDX now has a Market Capitalization of 1200849792 and an Enterprise Value of 1139313152. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.79 while its Price-to-Book (P/B) ratio in mrq is 7.59. Its current Enterprise Value per Revenue stands at 4.524 whereas that against EBITDA is -18.331.
Stock Price History:
Over the past 52 weeks, ARDX has reached a high of $10.13, while it has fallen to a 52-week low of $3.43. The 50-Day Moving Average of the stock is -16.03%, while the 200-Day Moving Average is calculated to be -26.54%.
Shares Statistics:
The stock has traded on average 3.12M shares per day over the past 3-months and 5878210 shares per day over the last 10 days, according to various share statistics. A total of 232.45M shares are outstanding, with a floating share count of 228.11M. Insiders hold about 3.69% of the company’s shares, while institutions hold 62.22% stake in the company. Shares short for ARDX as of 1728950400 were 22887200 with a Short Ratio of 7.33, compared to 1726185600 on 25928969. Therefore, it implies a Short% of Shares Outstanding of 22887200 and a Short% of Float of 10.9799996.
