Ardelyx Inc. [ARDX] moved down -2.24: Why It’s Important

Ardelyx Inc. [NASDAQ: ARDX] slipped around -0.03 points on Friday, while shares priced at $1.31 at the close of the session, down -2.24%. The company report on September 19, 2021 that LAWSUITS FILED AGAINST ARDX, YALA and KPLT – Jakubowitz Law Pursues Shareholders Claims.

Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

Ardelyx, Inc. (NASDAQ:ARDX).

Ardelyx Inc. stock is now -79.75% down from its year-to-date (YTD) trading value. ARDX Stock saw the intraday high of $1.36 and lowest of $1.29 per share. The company’s 52-week high price is 9.23, which means current price is +4.80% above from all time high which was touched on 04/15/21.

Compared to the average trading volume of 10.45M shares, ARDX reached a trading volume of 7759593 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Ardelyx Inc. [ARDX]?

Jefferies have made an estimate for Ardelyx Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 21, 2021. The new note on the price target was released on July 20, 2021, representing the official price target for Ardelyx Inc. stock. Previously, the target price had yet another drop from $14 to $4, while Piper Sandler kept a Neutral rating on ARDX stock.

The Average True Range (ATR) for Ardelyx Inc. is set at 0.08, with the Price to Sales ratio for ARDX stock in the period of the last 12 months amounting to 11.15. The Price to Book ratio for the last quarter was 1.11, with the Price to Cash per share for the same quarter was set at 1.63.

How has ARDX stock performed recently?

Ardelyx Inc. [ARDX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.68. With this latest performance, ARDX shares dropped by -4.38% in over the last four-week period, additionally sinking by -81.18% over the last 6 months – not to mention a drop of -78.17% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ARDX stock in for the last two-week period is set at 27.81, with the RSI for the last a single of trading hit 38.50, and the three-weeks RSI is set at 39.01 for Ardelyx Inc. [ARDX]. The present Moving Average for the last 50 days of trading for this stock 1.5701, while it was recorded at 1.3080 for the last single week of trading, and 1.7216 for the last 200 days.

Ardelyx Inc. [ARDX]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Ardelyx Inc. [ARDX] shares currently have an operating margin of -1199.05 and a Gross Margin at +45.63. Ardelyx Inc.’s Net Margin is presently recorded at -1245.71.

Return on Total Capital for ARDX is now -43.15, given the latest momentum, and Return on Invested Capital for the company is -45.93. Return on Equity for this stock declined to -60.31, with Return on Assets sitting at -40.89. When it comes to the capital structure of this company, Ardelyx Inc. [ARDX] has a Total Debt to Total Equity ratio set at 42.28. Additionally, ARDX Total Debt to Total Capital is recorded at 29.72, with Total Debt to Total Assets ending up at 26.45. Long-Term Debt to Equity for the company is recorded at 37.30, with the Long-Term Debt to Total Capital now at 26.21.

Reflecting on the efficiency of the workforce at the company, Ardelyx Inc. [ARDX] managed to generate an average of -$731,109 per employee. Receivables Turnover for the company is 20.19 with a Total Asset Turnover recorded at a value of 0.03.Ardelyx Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.20 and a Current Ratio set at 3.20.

Earnings analysis for Ardelyx Inc. [ARDX]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ARDX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ardelyx Inc. go to 30.00%.

Insider trade positions for Ardelyx Inc. [ARDX]

There are presently around $111 million, or 84.30% of ARDX stock, in the hands of institutional investors. The top three institutional holders of ARDX stocks are: NEA MANAGEMENT COMPANY, LLC with ownership of 13,633,582, which is approximately 0% of the company’s market cap and around 1.10% of the total institutional ownership; STATE STREET CORP, holding 6,280,797 shares of the stock with an approximate value of $8.23 million in ARDX stocks shares; and BLACKROCK INC., currently with $8.15 million in ARDX stock with ownership of nearly 3.947% of the company’s market capitalization.

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Positions in Ardelyx Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 71 institutional holders increased their position in Ardelyx Inc. [NASDAQ:ARDX] by around 11,236,627 shares. Additionally, 63 investors decreased positions by around 11,276,686 shares, while 17 investors held positions by with 62,063,784 shares. The mentioned changes placed institutional holdings at 84,577,097 shares, according to the latest SEC report filing. ARDX stock had 26 new institutional investments in for a total of 3,713,369 shares, while 25 institutional investors sold positions of 2,258,730 shares during the same period.

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