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Ardelyx Inc (NASDAQ: ARDX) closed the day trading at $5.90 down -4.07% from the previous closing price of $6.15. In other words, the price has decreased by -$4.07 from its previous closing price. On the day, 2.9 million shares were traded. ARDX stock price reached its highest trading level at $6.15 during the session, while it also had its lowest trading level at $5.84.
Ratios:
For a better understanding of ARDX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.99 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 Sep 13 ’24 when Rosenbaum David P. sold 5,312 shares for $6.26 per share. The transaction valued at 33,254 led to the insider holds 153,616 shares of the business.
RAAB MICHAEL sold 35,000 shares of ARDX for $196,399 on Sep 11 ’24. The President & CEO now owns 1,220,608 shares after completing the transaction at $5.61 per share. On Sep 11 ’24, another insider, MICHAEL G. RAAB, who serves as the Officer of the company, bought 35,000 shares for $5.61 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 1389025280 and an Enterprise Value of 1331064320. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.61 while its Price-to-Book (P/B) ratio in mrq is 9.45. Its current Enterprise Value per Revenue stands at 6.338 whereas that against EBITDA is -23.254.
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 0.72%, while the 200-Day Moving Average is calculated to be -16.09%.
Shares Statistics:
Over the past 3-months, ARDX traded about 4.19M shares per day on average, while over the past 10 days, ARDX traded about 2420840 shares per day. A total of 232.45M shares are outstanding, with a floating share count of 226.68M. Insiders hold about 3.72% of the company’s shares, while institutions hold 62.19% stake in the company. Shares short for ARDX as of 1724976000 were 24854503 with a Short Ratio of 5.92, compared to 1722384000 on 26555877. Therefore, it implies a Short% of Shares Outstanding of 24854503 and a Short% of Float of 12.01.
