Ardelyx Inc (NASDAQ: ARDX): To Buy Or Not To Buy, That Is The Question

Ardelyx Inc (ARDX) concluded trading on Thursday at a closing price of $5.72, with 6.55 million shares of worth about $37.44 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.51% during that period and on February 20, 2025 the price saw a loss of about -10.06%. Currently the company’s common shares owned by public are about 236.85M shares, out of which, 227.39M shares are available for trading.

Stock saw a price change of 4.95% in past 5 days and over the past one month there was a price change of 16.50%. Year-to-date (YTD), ARDX shares are showing a performance of 12.82% which decreased to -36.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.32 but also hit the highest price of $9.83 during that period. The average intraday trading volume for Ardelyx Inc shares is 4.21 million. The stock is currently trading 1.87% above its 20-day simple moving average (SMA20), while that difference is up 7.53% for SMA50 and it goes to -3.89% lower than SMA200.

Ardelyx Inc (NASDAQ: ARDX) currently have 236.85M outstanding shares and institutions hold larger chunk of about 64.29% of that.

The stock has a current market capitalization of $1.35B and its 3Y-monthly beta is at 0.87. It has posted earnings per share of -$0.17 in the same period. It has Quick Ratio of 4.01 while making debt-to-equity ratio of 0.89. 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 6.26% while standing at 5.38% over the month.

Stock’s fiscal year EPS is expected to rise by 9.75% while it is estimated to increase by 372.44% in next year.

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 H.C. Wainwright on November 11, 2024 offering a Neutral rating for the stock and assigned a target price range of between $11 and $5.50 to it. Coverage by Piper Sandler stated Ardelyx Inc (ARDX) stock as a Neutral in their note to investors on July 02, 2024, suggesting a price target of $7 for the stock. On April 05, 2024, Leerink Partners Initiated their recommendations, while on December 18, 2023, Raymond James Initiated their ratings for the stock with a price target of $12. Stock get a Buy rating from H.C. Wainwright on September 07, 2023.

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