Ardelyx Inc [NASDAQ: ARDX] slipped around -0.26 points on Monday, while shares priced at $6.80 at the close of the session, down -3.68%.
Compared to the average trading volume of 5.67M shares, ARDX reached a trading volume of 5544093 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]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARDX shares is $13.39 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.
Leerink Partners have made an estimate for Ardelyx Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 05, 2024. While these analysts kept the previous recommendation, Raymond James raised their target price to Strong Buy. The new note on the price target was released on December 18, 2023, representing the official price target for Ardelyx Inc stock. Previously, the target price had yet another raise to $9, while H.C. Wainwright analysts kept a Buy rating on ARDX stock. On August 25, 2023, analysts increased their price target for ARDX shares from 5 to 10.
The Average True Range (ATR) for Ardelyx Inc is set at 0.44, with the Price to Sales ratio for ARDX stock in the period of the last 12 months amounting to 12.71. The Price to Book ratio for the last quarter was 9.48, with the Price to Cash per share for the same quarter was set at 0.79.
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 -7.10. With this latest performance, ARDX shares dropped by -15.32% in over the last four-week period, additionally plugging by 106.69% over the last 6 months – not to mention a rise of 42.26% 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 33.18, with the RSI for the last a single of trading hit 29.72, and the three-weeks RSI is set at 37.30 for Ardelyx Inc [ARDX]. The present Moving Average for the last 50 days of trading for this stock 8.38, while it was recorded at 7.11 for the last single week of trading, and 5.68 for the last 200 days.
Ardelyx Inc [ARDX]: Deeper insight into the fundamentals
Ardelyx Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.64 and a Current Ratio set at 4.88.
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]
The top three institutional holders of ARDX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ARDX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ARDX stock with ownership which is approximately 5.8386%.
