Balance Sheet Dive: Ardelyx Inc (ARDX)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $6.78 in the prior trading day, Ardelyx Inc (NASDAQ: ARDX) closed at $6.86, up 1.18%. In other words, the price has increased by $1.18 from its previous closing price. On the day, 3.9 million shares were traded. ARDX stock price reached its highest trading level at $6.985 during the session, while it also had its lowest trading level at $6.71.


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 4.36 and its Current Ratio is at 4.53. In the meantime, Its Debt-to-Equity ratio is 0.70 whereas as Long-Term Debt/Eq ratio is at 0.67.

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 this company, Leerink Partners on April 05, 2024, initiated with a Outperform rating and assigned the stock a target price of $14.

On December 18, 2023, Raymond James started tracking the stock assigning a Strong Buy rating and target price of $12.

On September 07, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $9.H.C. Wainwright initiated its Buy rating on September 07, 2023, with a $9 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 May 29 ’24 when RAAB MICHAEL sold 7,500 shares for $6.72 per share. The transaction valued at 50,390 led to the insider holds 1,270,273 shares of the business.

RAAB MICHAEL sold 31,484 shares of ARDX for $245,922 on May 21 ’24. The President & CEO now owns 1,277,773 shares after completing the transaction at $7.81 per share. On May 21 ’24, another insider, GRAMMER ELIZABETH A, who serves as the insider of the company, sold 6,927 shares for $7.81 each. As a result, the insider received 54,107 and left with 199,469 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 1605082240 and an Enterprise Value of 1529308288. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.09 while its Price-to-Book (P/B) ratio in mrq is 10.64. Its current Enterprise Value per Revenue stands at 9.612 whereas that against EBITDA is -25.299.

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 $3.16. The 50-Day Moving Average of the stock is -6.28%, while the 200-Day Moving Average is calculated to be 9.45%.

Shares Statistics:

The stock has traded on average 5.45M shares per day over the past 3-months and 3831290 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 225.19M. Insiders hold about 3.76% of the company’s shares, while institutions hold 61.12% stake in the company. Shares short for ARDX as of 1715731200 were 33035128 with a Short Ratio of 6.06, compared to 1713139200 on 33925866. Therefore, it implies a Short% of Shares Outstanding of 33035128 and a Short% of Float of 16.08.

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