Ardelyx Inc [NASDAQ: ARDX] surged by $0.06 during the normal trading session on while it closed the day at $4.64.
Ardelyx Inc stock has also loss -0.43% of its value over the past 7 days. However, ARDX stock has declined by -23.56% in the 3 months of the year. Over the past six months meanwhile, it has lost -24.06% and lost -25.16% year-on date.
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The market cap for ARDX stock reached $1.11 billion, with 236.89 million shares outstanding and 227.89 million shares in the current float. Compared to the average trading volume of 4.28M shares, ARDX reached a trading volume of 3224707 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $10.78 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 1.40. 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.
H.C. Wainwright have made an estimate for Ardelyx Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 11, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $15 to $7. The new note on the price target was released on July 02, 2024, representing the official price target for Ardelyx Inc stock. Previously, the target price had yet another raise to $14, while Leerink Partners analysts kept a Outperform rating on ARDX stock.
The Average True Range (ATR) for Ardelyx Inc is set at 0.34, with the Price to Sales ratio for ARDX stock in the period of the last 12 months amounting to 4.42. The Price to Book ratio for the last quarter was 6.94, with the Price to Cash per share for the same quarter was set at 0.79.
ARDX stock trade performance evaluation
Ardelyx Inc [ARDX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.43. With this latest performance, ARDX shares dropped by -12.62% in over the last four-week period, additionally sinking by -24.06% over the last 6 months – not to mention a drop of -26.93% 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 38.51, with the RSI for the last a single of trading hit 35.79, and the three-weeks RSI is set at 40.45 for Ardelyx Inc [ARDX]. The present Moving Average for the last 50 days of trading for this stock 5.40, while it was recorded at 4.67 for the last single week of trading, and 6.28 for the last 200 days.
Ardelyx Inc [ARDX]: An insightful look at the core fundamentals
Ardelyx Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.87 and a Current Ratio set at 4.03.
Earnings per share (EPS) analysis for Ardelyx Inc [ARDX] stock
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%.
Ardelyx Inc [ARDX]: Institutional Ownership
There are presently around $61.90%, or 62.97%% 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%.
