Ardelyx Inc (ARDX) concluded trading on Thursday at a closing price of $5.87, with 5.71 million shares of worth about $33.53 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.55% during that period and on October 31, 2024 the price saw a loss of about -0.34%. Currently the company’s common shares owned by public are about 232.45M shares, out of which, 226.74M shares are available for trading.
Stock saw a price change of 0.17% in past 5 days and over the past one month there was a price change of -15.30%. Year-to-date (YTD), ARDX shares are showing a performance of -5.32% which increased to 48.61% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.43 but also hit the highest price of $10.13 during that period. The average intraday trading volume for Ardelyx Inc shares is 3.18 million. The stock is currently trading -1.24% below its 20-day simple moving average (SMA20), while that difference is down -3.28% for SMA50 and it goes to -15.90% lower than SMA200.
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Ardelyx Inc (NASDAQ: ARDX) currently have 232.45M outstanding shares and institutions hold larger chunk of about 62.20% of that.
The stock has a current market capitalization of $1.38B and its 3Y-monthly beta is at 0.89. It has posted earnings per share of -$0.28 in the same period. It has Quick Ratio of 3.99 while making debt-to-equity ratio of 0.71. 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 3.36% while standing at 4.08% over the month.
Stock’s fiscal year EPS is expected to rise by 14.10% while it is estimated to increase by 73.26% in next year. EPS is likely to grow at an annualized rate of 30.00% for next 5-years, compared to annual growth of 28.61% 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 Piper Sandler on July 02, 2024 offering a Neutral rating for the stock and assigned a target price range of between $15 and $7 to it. Coverage by Leerink Partners stated Ardelyx Inc (ARDX) stock as an Outperform in their note to investors on April 05, 2024, suggesting a price target of $14 for the stock. On December 18, 2023, Raymond James Initiated their recommendations, while on September 07, 2023, H.C. Wainwright Initiated their ratings for the stock with a price target of $9. Stock get an Overweight rating from Cantor Fitzgerald on August 25, 2023.
