Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
Ardelyx Inc (NASDAQ: ARDX) closed the day trading at $4.91 down -2.00% from the previous closing price of $5.01. In other words, the price has decreased by -$2.00 from its previous closing price. On the day, 5.33 million shares were traded. ARDX stock price reached its highest trading level at $5.14 during the session, while it also had its lowest trading level at $4.85.
Ratios:
For a better understanding of ARDX, let’s look at 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:
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 Jan 16 ’25 when DAVID P ROSENBAUM bought 110,000 shares for $5.35 per share.
RAAB MICHAEL sold 41,666 shares of ARDX for $221,309 on Jan 07 ’25. The President & CEO now owns 1,129,552 shares after completing the transaction at $5.31 per share. On Jan 07 ’25, another insider, MICHAEL RAAB, who serves as the Director of the company, bought 166,666 shares for $5.00 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 1186638976 and an Enterprise Value of 1101416448. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.62 while its Price-to-Book (P/B) ratio in mrq is 7.35. Its current Enterprise Value per Revenue stands at 4.373 whereas that against EBITDA is -17.722.
Stock Price History:
The Beta on a monthly basis for ARDX is 0.84, which has changed by -0.409894 over the last 52 weeks, in comparison to a change of 0.23171377 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 -5.36%, while the 200-Day Moving Average is calculated to be -19.17%.
Shares Statistics:
Over the past 3-months, ARDX traded about 4.78M shares per day on average, while over the past 10 days, ARDX traded about 5499400 shares per day. A total of 236.89M shares are outstanding, with a floating share count of 227.60M. Insiders hold about 3.91% of the company’s shares, while institutions hold 61.54% stake in the company. Shares short for ARDX as of 1735603200 were 24275733 with a Short Ratio of 5.08, compared to 1732838400 on 24318985. Therefore, it implies a Short% of Shares Outstanding of 24275733 and a Short% of Float of 11.65.
