A share price of Ardelyx Inc [ARDX] is currently trading at $6.61, up 3.28%. An important factor to consider is whether the stock is rising or falling in short-term value. The ARDX shares have gain 2.80% over the last week, with a monthly amount drifted -9.95%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ardelyx Inc [NASDAQ: ARDX] stock has seen the most recent analyst activity on April 05, 2024, when Leerink Partners initiated its Outperform rating and assigned the stock a price target of $14. Previously, Raymond James started tracking the stock with Strong Buy rating on December 18, 2023, and set its price target to $12. On September 07, 2023, H.C. Wainwright initiated with a Buy rating and assigned a price target of $9 on the stock. Cantor Fitzgerald upgraded its rating to a Overweight and increased its price target to $10 on August 25, 2023. Wedbush upgraded its rating to a Outperform and raised its price target to $6 on March 03, 2023. Piper Sandler upgraded its rating to Overweight for this stock on November 17, 2022, and upped its price target to $8. In a note dated May 06, 2022, Cantor Fitzgerald downgraded an Neutral rating on this stock and revised its target price from $7 to $1.
Ardelyx Inc experienced fluctuations in its stock price throughout the past year between $3.16 and $10.13. Currently, Wall Street analysts expect the stock to reach $7 within the next 12 months. Ardelyx Inc [NASDAQ: ARDX] shares were valued at $6.61 at the most recent close of the market. An investor can expect a potential return of 5.9% based on the average ARDX price forecast.
Analyzing the ARDX fundamentals
Trailing Twelve Months sales for Ardelyx Inc [NASDAQ:ARDX] were 124.46M which represents -22.22% decline. Gross Profit Margin for this corporation currently stands at 0.86% with Operating Profit Margin at -0.51%, Pretax Profit Margin comes in at -0.53%, and Net Profit Margin reading is -0.53%. To continue investigating profitability, this company’s Return on Assets is posted at -0.22, Equity is -0.44 and Total Capital is -0.26. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.34.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.36 points at the first support level, and at 6.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.90, and for the 2nd resistance point, it is at 7.20.
Ardelyx Inc [ARDX] reported earnings per share of -$0.12 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.09/share, meaning a difference of -$0.03 and a surprise factor of -33.30%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.03 per share as compared to estimates of -$0.11 per share, a difference of $0.14 representing a surprise of 127.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ardelyx Inc [NASDAQ:ARDX] is 4.88. On the other hand, the Quick Ratio is 4.64, and the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 12.36, the price to book ratio is 9.21.
Transactions by insiders
Recent insider trading involved RAAB MICHAEL, President & CEO, that happened on Apr 29 ’24 when 30000.0 shares were sold. President & CEO, RAAB MICHAEL completed a deal on Apr 15 ’24 to sell 7500.0 shares. Meanwhile, President & CEO RAAB MICHAEL sold 1518.0 shares on Apr 01 ’24.
