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As of close of business last night, Ardelyx Inc’s stock clocked out at $6.74, down -5.47% from its previous closing price of $7.13. In other words, the price has decreased by -$5.47 from its previous closing price. On the day, 3.72 million shares were traded. ARDX stock price reached its highest trading level at $7.12 during the session, while it also had its lowest trading level at $6.7.
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 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:
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 Jun 03 ’24 when Rosenbaum David P. sold 17,872 shares for $7.00 per share. The transaction valued at 125,104 led to the insider holds 158,502 shares of the business.
RAAB MICHAEL sold 7,500 shares of ARDX for $50,390 on May 29 ’24. The President & CEO now owns 1,270,273 shares after completing the transaction at $6.72 per share. On May 21 ’24, another insider, RAAB MICHAEL, who serves as the President & CEO of the company, sold 31,484 shares for $7.81 each. As a result, the insider received 245,922 and left with 1,277,773 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 1577004928 and an Enterprise Value of 1501231104. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.91 while its Price-to-Book (P/B) ratio in mrq is 10.45. Its current Enterprise Value per Revenue stands at 9.435 whereas that against EBITDA is -24.835.
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 -7.09%, while the 200-Day Moving Average is calculated to be 6.42%.
Shares Statistics:
It appears that ARDX traded 5.27M shares on average per day over the past three months and 3933490 shares per day over the past ten days. A total of 232.45M shares are outstanding, with a floating share count of 225.19M. Insiders hold about 3.75% of the company’s shares, while institutions hold 61.11% stake in the company. Shares short for ARDX as of 1715731200 were 33035128 with a Short Ratio of 6.27, compared to 1713139200 on 33925866. Therefore, it implies a Short% of Shares Outstanding of 33035128 and a Short% of Float of 16.08.
