Ardelyx Inc [ARDX] stock is trading at $6.31, up 1.45%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ARDX shares have gain 12.68% over the last week, with a monthly amount glided 11.09%, 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 July 02, 2024, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $7 from $15. Previously, Leerink Partners started tracking the stock with Outperform rating on April 05, 2024, and set its price target to $14. On December 18, 2023, Raymond James initiated with a Strong Buy rating and assigned a price target of $12 on the stock. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $9 on September 07, 2023. Cantor Fitzgerald upgraded its rating to a Overweight and raised its price target to $10 on August 25, 2023. Wedbush upgraded its rating to Outperform for this stock on March 03, 2023, and upped its price target to $6. In a note dated November 17, 2022, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $3 to $8.
Ardelyx Inc [ARDX] stock has fluctuated between $3.16 and $10.13 over the past year. Currently, Wall Street analysts expect the stock to reach $8.75 within the next 12 months. Ardelyx Inc [NASDAQ: ARDX] shares were valued at $6.31 at the most recent close of the market. An investor can expect a potential return of 38.67% based on the average ARDX price forecast.
Analyzing the ARDX fundamentals
Ardelyx Inc [NASDAQ:ARDX] reported sales of 210.00M for the trailing twelve months, which represents a growth of 227.86%. Gross Profit Margin for this corporation currently stands at 0.86% with Operating Profit Margin at -0.28%, Pretax Profit Margin comes in at -0.31%, and Net Profit Margin reading is -0.31%. To continue investigating profitability, this company’s Return on Assets is posted at -0.19, Equity is -0.4 and Total Capital is -0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.71.
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 6.21 points at the first support level, and at 6.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.42, and for the 2nd resistance point, it is at 6.53.
Ratios To Look Out For
For context, Ardelyx Inc’s Current Ratio is 4.21. Also, the Quick Ratio is 3.99, while the Cash Ratio stands at 0.67. Considering the valuation of this stock, the price to sales ratio is 7.07, the price to book ratio is 10.11.
Transactions by insiders
Recent insider trading involved RAAB MICHAEL, President & CEO, that happened on Sep 11 ’24 when 35000.0 shares were sold. Officer, MICHAEL G. RAAB completed a deal on Sep 11 ’24 to buy 35000.0 shares. Meanwhile, President & CEO RAAB MICHAEL sold 7500.0 shares on Aug 27 ’24.
