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Ardelyx Inc (NASDAQ: ARDX) closed the day trading at $4.66 down -13.54% from the previous closing price of $5.39. In other words, the price has decreased by -$13.54 from its previous closing price. On the day, 7.38 million shares were traded. ARDX stock price reached its highest trading level at $5.4695 during the session, while it also had its lowest trading level at $4.65.
Ratios:
For a better understanding of ARDX, let’s 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, 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:
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 Dec 10 ’24 when RAAB MICHAEL sold 25,000 shares for $5.26 per share. The transaction valued at 131,620 led to the insider holds 1,150,385 shares of the business.
MICHAEL G. RAAB bought 25,000 shares of ARDX for $131,618 on Dec 10 ’24. On Nov 25 ’24, another insider, RAAB MICHAEL, who serves as the President & CEO of the company, sold 25,000 shares for $5.38 each. As a result, the insider received 134,482 and left with 1,150,385 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 1276644352 and an Enterprise Value of 1042202880. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.38 while its Price-to-Book (P/B) ratio in mrq is 6.97. Its current Enterprise Value per Revenue stands at 4.138 whereas that against EBITDA is -16.769.
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 $4.34. The 50-Day Moving Average of the stock is -15.73%, while the 200-Day Moving Average is calculated to be -27.07%.
Shares Statistics:
Over the past 3-months, ARDX traded about 4.02M shares per day on average, while over the past 10 days, ARDX traded about 3152390 shares per day. A total of 236.89M shares are outstanding, with a floating share count of 227.89M. Insiders hold about 3.78% of the company’s shares, while institutions hold 61.53% stake in the company. Shares short for ARDX as of 1732838400 were 24318985 with a Short Ratio of 6.05, compared to 1730332800 on 24055791. Therefore, it implies a Short% of Shares Outstanding of 24318985 and a Short% of Float of 11.67.
