Quarterly Snapshot: Quick and Current Ratios for Ardelyx Inc (ARDX)

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The closing price of Ardelyx Inc (NASDAQ: ARDX) was $5.29 for the day, down -1.31% from the previous closing price of $5.36. In other words, the price has decreased by -$1.31 from its previous closing price. On the day, 2.05 million shares were traded. ARDX stock price reached its highest trading level at $5.4 during the session, while it also had its lowest trading level at $5.15.

Ratios:

Our analysis of ARDX’s different ratios will help us gain a deeper understanding of the company. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 31 ’25 when RAAB MICHAEL sold 41,666 shares for $5.36 per share. The transaction valued at 223,355 led to the insider holds 1,108,719 shares of the business.

MOTT DAVID M bought 199,000 shares of ARDX for $992,672 on Jan 21 ’25. The Director now owns 1,937,765 shares after completing the transaction at $4.99 per share. On Jan 16 ’25, another insider, DAVID P ROSENBAUM , who serves as the Officer of the company, bought 110,000 shares for $5.35 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 1252957696 and an Enterprise Value of 1191421056. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.98 while its Price-to-Book (P/B) ratio in mrq is 7.92. Its current Enterprise Value per Revenue stands at 4.731 whereas that against EBITDA is -19.17.

Stock Price History:

The Beta on a monthly basis for ARDX is 0.85, which has changed by -0.41228068 over the last 52 weeks, in comparison to a change of 0.21926713 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 1.20%, while the 200-Day Moving Average is calculated to be -11.78%.

Shares Statistics:

ARDX traded an average of 5.04M shares per day over the past three months and 4498650 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 61.52% 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.

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