At the time of writing, Ardelyx Inc [ARDX] stock is trading at $4.64, up 1.31%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ARDX shares have lost -0.43% over the last week, with a monthly amount drifted -12.62%, 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 November 11, 2024, when H.C. Wainwright downgraded its rating to a Neutral and also revised its price target to $5.50 from $11. Previously, Piper Sandler downgraded its rating to Neutral on July 02, 2024, and dropped its price target to $7. On April 05, 2024, Leerink Partners initiated with a Outperform rating and assigned a price target of $14 on the stock. Raymond James started tracking the stock assigning a Strong Buy rating and suggested a price target of $12 on December 18, 2023. H.C. Wainwright initiated its recommendation with a Buy and recommended $9 as its price target on September 07, 2023. Cantor Fitzgerald upgraded its rating to Overweight for this stock on August 25, 2023, and upped its price target to $10. In a note dated March 03, 2023, Wedbush upgraded an Outperform rating on this stock and boosted its target price from $3 to $6.
For the past year, the stock price of Ardelyx Inc fluctuated between $4.32 and $10.13. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Ardelyx Inc [NASDAQ: ARDX] shares were valued at $4.64 at the most recent close of the market. An investor can expect a potential return of 137.07% based on the average ARDX price forecast.
Analyzing the ARDX fundamentals
According to Ardelyx Inc [NASDAQ:ARDX], the company’s sales were 251.85M for trailing twelve months, which represents an 74.21% jump. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at -0.25%, Pretax Profit Margin comes in at -0.29%, and Net Profit Margin reading is -0.29%. To continue investigating profitability, this company’s Return on Assets is posted at -0.2, Equity is -0.47 and Total Capital is -0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.65.
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 4.56 points at the first support level, and at 4.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.79, and for the 2nd resistance point, it is at 4.94.
Ratios To Look Out For
It is important to note that Ardelyx Inc [NASDAQ:ARDX] has a current ratio of 4.03. Further, the Quick Ratio stands at 3.87, while the Cash Ratio is 0.67. Considering the valuation of this stock, the price to sales ratio is 4.42, the price to book ratio is 6.94.
Transactions by insiders
Recent insider trading involved MOTT DAVID M, Director, that happened on Dec 19 ’24 when 0.21 million shares were purchased. President & CEO, RAAB MICHAEL completed a deal on Dec 10 ’24 to sell 25000.0 shares. Meanwhile, Officer MICHAEL G. RAAB bought 25000.0 shares on Dec 10 ’24.
