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In other words, the price has increased by $0.00 from its previous closing price. On the day, 3.01 million shares were traded. ARDX stock price reached its highest trading level at $6.1 during the session, while it also had its lowest trading level at $5.86.
Ratios:
Our goal is to gain a better understanding of ARDX by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 11 ’24 when MICHAEL G. RAAB bought 7,500 shares for $6.01 per share.
Rosenbaum David P. sold 49,564 shares of ARDX for $342,983 on Sep 27 ’24. The Chief Development Officer now owns 301,946 shares after completing the transaction at $6.92 per share. On Sep 27 ’24, another insider, DAVID P ROSENBAUM , who serves as the Officer of the company, bought 49,564 shares for $6.36 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 1421985152 and an Enterprise Value of 1364024192. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.77 while its Price-to-Book (P/B) ratio in mrq is 9.67. Its current Enterprise Value per Revenue stands at 6.495 whereas that against EBITDA is -23.83.
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 -0.67%, while the 200-Day Moving Average is calculated to be -14.86%.
Shares Statistics:
The stock has traded on average 3.45M shares per day over the past 3-months and 3379330 shares per day over the last 10 days, according to various share statistics. A total of 232.45M shares are outstanding, with a floating share count of 226.73M. Insiders hold about 3.69% of the company’s shares, while institutions hold 62.19% stake in the company. Shares short for ARDX as of 1727654400 were 23053125 with a Short Ratio of 6.69, compared to 1724976000 on 24854503. Therefore, it implies a Short% of Shares Outstanding of 23053125 and a Short% of Float of 11.14.
