A share price of Ardelyx Inc [ARDX] is currently trading at $7.41, up 14.00%. An important factor to consider is whether the stock is rising or falling in short-term value. The ARDX shares have gain 20.29% over the last week, with a monthly amount glided 12.10%, and 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 $8 within the next 12 months. Ardelyx Inc [NASDAQ: ARDX] shares were valued at $7.41 at the most recent close of the market. An investor can expect a potential return of 7.96% based on the average ARDX price forecast.
Analyzing the ARDX fundamentals
Trailing Twelve Months sales for Ardelyx Inc [NASDAQ:ARDX] were 159.11M which represents 304.81% growth. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at -0.39%, Pretax Profit Margin comes in at -0.41%, and Net Profit Margin reading is -0.41%. To continue investigating profitability, this company’s Return on Assets is posted at -0.19, Equity is -0.42 and Total Capital is -0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.69.
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 6.83 points at the first support level, and at 6.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.72, and for the 2nd resistance point, it is at 8.02.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ardelyx Inc [NASDAQ:ARDX] is 4.53. On the other hand, the Quick Ratio is 4.36, and the Cash Ratio is 0.64. Considering the valuation of this stock, the price to sales ratio is 10.90, the price to book ratio is 11.49.
Transactions by insiders
Recent insider trading involved RAAB MICHAEL, President & CEO, that happened on Jun 28 ’24 when 2310.0 shares were sold., Blanks Robert completed a deal on Jun 21 ’24 to sell 38000.0 shares. Meanwhile, President & CEO RAAB MICHAEL sold 35000.0 shares on Jun 13 ’24.
