Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Ardelyx Inc (NASDAQ: ARDX) closed at $6.42 up 1.74% from its previous closing price of $6.31. In other words, the price has increased by $1.74 from its previous closing price. On the day, 5.48 million shares were traded. ARDX stock price reached its highest trading level at $6.59 during the session, while it also had its lowest trading level at $6.305.
Ratios:
For a deeper understanding of Ardelyx Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.64 and its Current Ratio is at 4.88. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.31.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 15 ’24 when RAAB MICHAEL sold 7,500 shares for $7.06 per share. The transaction valued at 52,924 led to the insider holds 1,310,933 shares of the business.
RAAB MICHAEL sold 1,518 shares of ARDX for $11,097 on Apr 01 ’24. The President & CEO now owns 1,318,433 shares after completing the transaction at $7.31 per share. On Mar 20 ’24, another insider, GRAMMER ELIZABETH A, who serves as the insider of the company, sold 86,000 shares for $7.73 each. As a result, the insider received 664,978 and left with 312,993 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 1493844096 and an Enterprise Value of 1385706112. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.00 while its Price-to-Book (P/B) ratio in mrq is 8.95. Its current Enterprise Value per Revenue stands at 11.134 whereas that against EBITDA is -22.356.
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 -19.18%, while the 200-Day Moving Average is calculated to be 10.58%.
Shares Statistics:
For the past three months, ARDX has traded an average of 5.54M shares per day and 4713910 over the past ten days. A total of 232.45M shares are outstanding, with a floating share count of 223.70M. Insiders hold about 3.86% of the company’s shares, while institutions hold 59.53% stake in the company. Shares short for ARDX as of 1713139200 were 33925866 with a Short Ratio of 6.13, compared to 1710460800 on 36305566. Therefore, it implies a Short% of Shares Outstanding of 33925866 and a Short% of Float of 14.829998999999999.
