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In the latest session, Ardelyx Inc (NASDAQ: ARDX) closed at $5.90 up 2.25% from its previous closing price of $5.77. In other words, the price has increased by $2.25 from its previous closing price. On the day, 2.28 million shares were traded. ARDX stock price reached its highest trading level at $6.0 during the session, while it also had its lowest trading level at $5.8.
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 3.99 and its Current Ratio is at 4.21. In the meantime, Its Debt-to-Equity ratio is 0.71 whereas as Long-Term Debt/Eq ratio is at 0.69.
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:
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 Oct 28 ’24 when MICHAEL G. RAAB bought 25,000 shares for $5.91 per share.
RAAB MICHAEL sold 7,500 shares of ARDX for $45,075 on Oct 11 ’24. The President & CEO now owns 1,210,108 shares after completing the transaction at $6.01 per share. On Oct 11 ’24, another insider, MICHAEL G. RAAB, who serves as the Officer of the company, bought 7,500 shares for $6.01 each.
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 1389025280 and an Enterprise Value of 1331064320. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.61 while its Price-to-Book (P/B) ratio in mrq is 9.45. Its current Enterprise Value per Revenue stands at 6.338 whereas that against EBITDA is -23.254.
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 -3.01%, while the 200-Day Moving Average is calculated to be -15.98%.
Shares Statistics:
For the past three months, ARDX has traded an average of 3.23M shares per day and 2608770 over the past ten days. A total of 232.45M shares are outstanding, with a floating share count of 226.74M. Insiders hold about 3.69% of the company’s shares, while institutions hold 62.21% stake in the company. Shares short for ARDX as of 1728950400 were 22887200 with a Short Ratio of 7.08, compared to 1726185600 on 25928969. Therefore, it implies a Short% of Shares Outstanding of 22887200 and a Short% of Float of 11.06.
