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As of close of business last night, Ardelyx Inc’s stock clocked out at $6.85, down -0.58% from its previous closing price of $6.89. In other words, the price has decreased by -$0.58 from its previous closing price. On the day, 4.15 million shares were traded. ARDX stock price reached its highest trading level at $6.87 during the session, while it also had its lowest trading level at $6.52.
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 3.99 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:
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 Sep 27 ’24 when Rosenbaum David P. sold 49,564 shares for $6.92 per share. The transaction valued at 342,983 led to the insider holds 301,946 shares of the business.
DAVID P ROSENBAUM bought 49,564 shares of ARDX for $315,227 on Sep 27 ’24. On Sep 26 ’24, another insider, RAAB MICHAEL, who serves as the President & CEO of the company, sold 3,000 shares for $6.07 each. As a result, the insider received 18,210 and left with 1,217,608 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 1612681728 and an Enterprise Value of 1554721024. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.68 while its Price-to-Book (P/B) ratio in mrq is 10.97. Its current Enterprise Value per Revenue stands at 7.403 whereas that against EBITDA is -27.162.
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 15.33%, while the 200-Day Moving Average is calculated to be -3.30%.
Shares Statistics:
It appears that ARDX traded 3.96M shares on average per day over the past three months and 3488320 shares per day over the past ten days. A total of 232.45M shares are outstanding, with a floating share count of 226.68M. Insiders hold about 3.71% of the company’s shares, while institutions hold 62.21% stake in the company. Shares short for ARDX as of 1726185600 were 25928969 with a Short Ratio of 6.55, compared to 1723680000 on 25984373. Therefore, it implies a Short% of Shares Outstanding of 25928969 and a Short% of Float of 12.529999.
