Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
As of close of business last night, Ardelyx Inc’s stock clocked out at $5.48, down -0.18% from its previous closing price of $5.49. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 2.3 million shares were traded. ARDX stock price reached its highest trading level at $5.54 during the session, while it also had its lowest trading level at $5.355.
Ratios:
To gain a deeper understanding of ARDX’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jan 21 ’25 when MOTT DAVID M bought 199,000 shares for $4.99 per share. The transaction valued at 992,672 led to the insider holds 1,937,765 shares of the business.
DAVID P ROSENBAUM bought 110,000 shares of ARDX for $588,500 on Jan 16 ’25. On Jan 07 ’25, another insider, RAAB MICHAEL, who serves as the President & CEO of the company, sold 41,666 shares for $5.31 each. As a result, the insider received 221,309 and left with 1,129,552 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 1297959936 and an Enterprise Value of 1236423424. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.15 while its Price-to-Book (P/B) ratio in mrq is 8.20. Its current Enterprise Value per Revenue stands at 4.909 whereas that against EBITDA is -19.894.
Stock Price History:
The Beta on a monthly basis for ARDX is 0.85, which has changed by -0.409042 over the last 52 weeks, in comparison to a change of 0.23095727 over the same period for the S&P500. Over the past 52 weeks, ARDX has reached a high of $10.13, while it has fallen to a 52-week low of $4.32. The 50-Day Moving Average of the stock is 5.39%, while the 200-Day Moving Average is calculated to be -8.95%.
Shares Statistics:
It appears that ARDX traded 5.04M shares on average per day over the past three months and 5308700 shares per day over the past ten days. A total of 236.89M shares are outstanding, with a floating share count of 227.39M. Insiders hold about 4.00% of the company’s shares, while institutions hold 61.56% stake in the company. Shares short for ARDX as of 1736899200 were 23623052 with a Short Ratio of 4.69, compared to 1734048000 on 23821129. Therefore, it implies a Short% of Shares Outstanding of 23623052 and a Short% of Float of 11.3400005.
