Ardelyx Inc. [ARDX] Stock trading around $0.95 per share: What’s Next?

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Ardelyx Inc. [NASDAQ: ARDX] stock went on a downward path that fall over -5.94% on Wednesday, amounting to a one-week price decrease of less than -6.86%. The company report on December 10, 2021 that ARDELYX ALERT: Bragar Eagel & Squire, P.C. is Investigating Ardelyx, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm.

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Ardelyx, Inc. (NASDAQ: ARDX) on behalf of long-term stockholders following a class action complaint that was filed against Ardelyx on July 30, 2021. Our investigation concerns whether the board of directors of Ardelyx have breached their fiduciary duties to the company.


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The complaint alleges that throughout the Class Period, the defendants made materially false and misleading statements regarding tenapanor and the likelihood that it would be approved by the FDA. The complaint further alleges that the defendants possessed, were in control over, and, as a result, knew, or had reason to know, that the data submitted to support the NDA was insufficient in that it showed a lack of clinical relevance of the drug’s treatment effect, making it foreseeably likely, if not certain, that the FDA would not approve the drug.

Over the last 12 months, ARDX stock dropped by -86.31%. The one-year Ardelyx Inc. stock forecast points to a potential upside of 82.73. The average equity rating for ARDX stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $106.49 million, with 104.14 million shares outstanding and 96.06 million shares in the current float. Compared to the average trading volume of 17.54M shares, ARDX stock reached a trading volume of 3522188 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Ardelyx Inc. [ARDX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARDX shares is $5.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ARDX stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Ladenburg Thalmann have made an estimate for Ardelyx Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 01, 2021. The new note on the price target was released on October 14, 2021, representing the official price target for Ardelyx Inc. stock. Previously, the target price had yet another drop from $11 to $2, while Jefferies kept a Hold rating on ARDX stock.

The Average True Range (ATR) for Ardelyx Inc. is set at 0.14, with the Price to Sales ratio for ARDX stock in the period of the last 12 months amounting to 9.77. The Price to Book ratio for the last quarter was 1.22, with the Price to Cash per share for the same quarter was set at 1.26.

ARDX Stock Performance Analysis:

Ardelyx Inc. [ARDX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.86. With this latest performance, ARDX shares dropped by -30.66% in over the last four-week period, additionally sinking by -87.32% over the last 6 months – not to mention a drop of -86.31% 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 39.00, with the RSI for the last a single of trading hit 34.10, and the three-weeks RSI is set at 41.73 for Ardelyx Inc. [ARDX]. The present Moving Average for the last 50 days of trading for this stock 1.1591, while it was recorded at 0.9909 for the last single week of trading, and 1.5131 for the last 200 days.

Insight into Ardelyx Inc. 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 2.20 and a Current Ratio set at 2.20.

ARDX Stock EPS

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%.

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Ardelyx Inc. [ARDX] Insider Position Details

There are presently around $47 million, or 46.40% 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 1.90% of the total institutional ownership; BLACKROCK INC., holding 6,455,902 shares of the stock with an approximate value of $6.13 million in ARDX stocks shares; and VANGUARD GROUP INC, currently with $3.77 million in ARDX stock with ownership of nearly 1.718% of the company’s market capitalization.

Positions in Ardelyx Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 59 institutional holders increased their position in Ardelyx Inc. [NASDAQ:ARDX] by around 9,174,736 shares. Additionally, 66 investors decreased positions by around 44,326,524 shares, while 21 investors held positions by with 4,071,367 shares. The mentioned changes placed institutional holdings at 49,429,893 shares, according to the latest SEC report filing. ARDX stock had 21 new institutional investments in for a total of 1,797,891 shares, while 37 institutional investors sold positions of 34,129,521 shares during the same period.