At the time of writing, Ardelyx Inc [ARDX] stock is trading at $6.01, up 1.86%. An important factor to consider is whether the stock is rising or falling in short-term value. The ARDX shares have gain 3.98% over the last week, with a monthly amount drifted -12.77%, 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 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.
For the past year, the stock price of Ardelyx Inc fluctuated between $3.43 and $10.13. Currently, Wall Street analysts expect the stock to reach $8.75 within the next 12 months. Ardelyx Inc [NASDAQ: ARDX] shares were valued at $6.01 at the most recent close of the market. An investor can expect a potential return of 45.59% based on the average ARDX price forecast.
Analyzing the ARDX fundamentals
According to Ardelyx Inc [NASDAQ:ARDX], the company’s sales were 210.00M for trailing twelve months, which represents an 227.86% jump. 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 5.87 points at the first support level, and at 5.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.09, and for the 2nd resistance point, it is at 6.16.
Ratios To Look Out For
It is important to note that Ardelyx Inc [NASDAQ:ARDX] has a current ratio of 4.21. On the other hand, the Quick Ratio is 3.99, and the Cash Ratio is 0.67. Considering the valuation of this stock, the price to sales ratio is 6.74, the price to book ratio is 9.62.
Transactions by insiders
Recent insider trading involved MICHAEL G. RAAB, Officer, that happened on Oct 28 ’24 when 25000.0 shares were purchased. President & CEO, RAAB MICHAEL completed a deal on Oct 11 ’24 to sell 7500.0 shares. Meanwhile, Officer MICHAEL G. RAAB bought 7500.0 shares on Oct 11 ’24.
