Ardelyx Inc (ARDX) concluded trading on Wednesday at a closing price of $8.50, with 4.5 million shares of worth about $38.22 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 137.43% during that period and on Wednesday the price saw a loss of about -0.58%. Currently the company’s common shares owned by public are about 232.14M shares, out of which, 223.15M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 30 times over the past 12 months. They bought 119,428 shares in 6 of the transactions. In 24 selling transactions, insiders dumped 154,128 shares.
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However, the stock later moved at a day high price of 8.63, or with a loss of -0.58%. Stock saw a price change of -4.06% in past 5 days and over the past one month there was a price change of -3.63%. Year-to-date (YTD), ARDX shares are showing a performance of 37.10% which increased to 179.61% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.82 but also hit the highest price of $10.13 during that period. The average intraday trading volume for Ardelyx Inc shares is 6.19 million. The stock is currently trading -6.19% below its 20-day simple moving average (SMA20), while that difference is up 9.69% for SMA50 and it goes to 74.78% higher than SMA200.
Ardelyx Inc (NASDAQ: ARDX) currently have 232.14M outstanding shares and institutions hold larger chunk of about 59.64% of that.
The stock has a current market capitalization of $1.97B and its 3Y-monthly beta is at 0.88. It has posted earnings per share of -$0.12 in the same period. It has Quick Ratio of 5.35 while making debt-to-equity ratio of 0.18. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ARDX, volatility over the week remained 4.59% while standing at 5.47% over the month.
Stock’s fiscal year EPS is expected to rise by 35.36% while it is estimated to increase by 17.93% in next year. EPS is likely to grow at an annualized rate of 30.00% for next 5-years, compared to annual growth of 20.81% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on December 18, 2023 offering a Strong buy rating for the stock and assigned a target price of $12 to it. Coverage by H.C. Wainwright stated Ardelyx Inc (ARDX) stock as a Buy in their note to investors on September 07, 2023, suggesting a price target of $9 for the stock. On August 25, 2023, Cantor Fitzgerald Upgrade their recommendations, while on March 03, 2023, Wedbush Upgrade their ratings for the stock with a price target of $6. Stock get an Overweight rating from Piper Sandler on November 17, 2022.
