Ardelyx Inc [NASDAQ: ARDX] gained 1.76% or 0.1 points to close at $5.77 with a heavy trading volume of 2397178 shares.
The daily chart for ARDX points out that the company has recorded -39.45% loss over the past six months.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
If we look at the average trading volume of 4.36M shares, ARDX reached to a volume of 2397178 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 $11.28 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 1.20. 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.
Piper Sandler have made an estimate for Ardelyx Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 02, 2024. While these analysts kept the previous recommendation, Leerink Partners raised their target price to Outperform. The new note on the price target was released on April 05, 2024, representing the official price target for Ardelyx Inc stock. Previously, the target price had yet another raise to $12, while Raymond James analysts kept a Strong Buy rating on ARDX stock.
The Average True Range (ATR) for Ardelyx Inc is set at 0.31, with the Price to Sales ratio for ARDX stock in the period of the last 12 months amounting to 6.47. The Price to Book ratio for the last quarter was 9.24, with the Price to Cash per share for the same quarter was set at 0.79.
Trading performance analysis for ARDX stock
Ardelyx Inc [ARDX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.18. With this latest performance, ARDX shares dropped by -5.10% in over the last four-week period, additionally sinking by -39.45% over the last 6 months – not to mention a rise of 25.71% 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 45.86, with the RSI for the last a single of trading hit 42.75, and the three-weeks RSI is set at 46.82 for Ardelyx Inc [ARDX]. The present Moving Average for the last 50 days of trading for this stock 5.88, while it was recorded at 5.88 for the last single week of trading, and 6.96 for the last 200 days.
Ardelyx Inc [ARDX]: A deeper dive into fundamental analysis
Ardelyx Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.99 and a Current Ratio set at 4.21.
Ardelyx Inc [ARDX]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Ardelyx Inc posted 0.03/share EPS, while the average EPS was predicted by analysts to be reported at -0.11/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.14. 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]
There are presently around $61.98%, or 63.00%% of ARDX stock, in the hands of institutional investors. The top three institutional holders of ARDX stocks are: JANUS HENDERSON GROUP PLC with ownership of 25.95 million shares, which is approximately 11.1339%. BLACKROCK INC., holding 17.55 million shares of the stock with an approximate value of $$130.06 million in ARDX stocks shares; and BLACKROCK INC., currently with $$101.19 million in ARDX stock with ownership which is approximately 5.8592%.
