Ardelyx Inc [ARDX] moved up 32.79: Why It’s Important

Ardelyx Inc [NASDAQ: ARDX] gained 32.79% or 2.02 points to close at $8.18 with a heavy trading volume of 25991969 shares. The company report on January 8, 2024 at 8:00 AM that Ardelyx Provides Update on Growing Commercial Momentum and 2024 Strategic Priorities.

Company achieved significant commercial progress in 2023.

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It opened the trading session at $6.50, the shares rose to $8.25 and dropped to $6.46, the range by which the price of stock traded the whole day. The daily chart for ARDX points out that the company has recorded 132.39% gains over the past six months. However, it is still -206.37% lower than its most recent low trading price.

If we look at the average trading volume of 6.62M shares, ARDX reached to a volume of 25991969 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $10.21 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 1.00. 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.

Raymond James have made an estimate for Ardelyx Inc shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on December 18, 2023.

The Average True Range (ATR) for Ardelyx Inc is set at 0.42, with the Price to Sales ratio for ARDX stock in the period of the last 12 months amounting to 14.14. The Price to Book ratio for the last quarter was 9.93, with the Price to Cash per share for the same quarter was set at 0.71.

Trading performance analysis for ARDX stock

Ardelyx Inc [ARDX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 31.94. With this latest performance, ARDX shares gained by 59.14% in over the last four-week period, additionally plugging by 132.39% over the last 6 months – not to mention a rise of 197.45% 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 79.76, with the RSI for the last a single of trading hit 83.35, and the three-weeks RSI is set at 76.88 for Ardelyx Inc [ARDX]. The present Moving Average for the last 50 days of trading for this stock 4.96, while it was recorded at 6.52 for the last single week of trading, and 4.23 for the last 200 days.

Ardelyx Inc [ARDX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Ardelyx Inc [ARDX] shares currently have an operating margin of -122.24 and a Gross Margin at +83.29. Ardelyx Inc’s Net Margin is presently recorded at -128.85.

Return on Total Capital for ARDX is now -46.51, given the latest momentum, and Return on Invested Capital for the company is -64.68. Return on Equity for this stock declined to -74.28, with Return on Assets sitting at -39.54. When it comes to the capital structure of this company, Ardelyx Inc [ARDX] has a Total Debt to Total Equity ratio set at 48.52. Additionally, ARDX Total Debt to Total Capital is recorded at 32.67, with Total Debt to Total Assets ending up at 25.10. Long-Term Debt to Equity for the company is recorded at 17.40, with the Long-Term Debt to Total Capital now at 11.72.

Reflecting on the efficiency of the workforce at the company, Ardelyx Inc [ARDX] managed to generate an average of -$505,316 per employee. Receivables Turnover for the company is 12.67 with a Total Asset Turnover recorded at a value of 0.31.Ardelyx Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.35 and a Current Ratio set at 5.54.

Ardelyx Inc [ARDX]: An earnings per share (EPS) analysis

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%.

An analysis of Institutional ownership at Ardelyx Inc [ARDX]

The top three institutional holders of ARDX stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in ARDX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in ARDX stock with ownership which is approximately 5.8325%.