Ardelyx Inc [NASDAQ: ARDX] slipped around -0.04 points on Tuesday, while shares priced at $6.85 at the close of the session, down -0.58%.
Compared to the average trading volume of 3.96M shares, ARDX reached a trading volume of 4145901 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $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 0.33, with the Price to Sales ratio for ARDX stock in the period of the last 12 months amounting to 7.68. The Price to Book ratio for the last quarter was 10.97, 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] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.51. With this latest performance, ARDX shares gained by 10.84% in over the last four-week period, additionally sinking by -6.68% over the last 6 months – not to mention a rise of 67.89% 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 66.26, with the RSI for the last a single of trading hit 72.59, and the three-weeks RSI is set at 61.56 for Ardelyx Inc [ARDX]. The present Moving Average for the last 50 days of trading for this stock 5.96, while it was recorded at 6.56 for the last single week of trading, and 7.09 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 3.99 and a Current Ratio set at 4.21.
Earnings analysis for Ardelyx Inc [ARDX]
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%.
Insider trade positions for Ardelyx Inc [ARDX]
There are presently around $61.81%, or 62.83%% 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%.