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Ardelyx Inc (ARDX) Stock Could Soon Reward Patient Investors

Ardelyx Inc (NASDAQ: ARDX) is 18.39% higher on its value in year-to-date trading and has touched a low of $3.16 and a high of $10.13 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARDX stock was last observed hovering at around $7.41 in the last trading session, with the day’s loss setting it -0.07%.

Currently trading at $7.34, the stock is -10.45% and -15.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.03 million and changing -0.94% at the moment leaves the stock 33.32% off its SMA200. ARDX registered 59.91% gain for a year compared to 6-month gain of 79.90%. The firm has a 50-day simple moving average (SMA 50) of $12.70 and a 200-day simple moving average (SMA200) of -$28.56.

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The stock witnessed a -21.41% loss in the last 1 month and extending the period to 3 months gives it a 18.39%, and is -4.68% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.03% over the week and 5.51% over the month.

Ardelyx Inc (ARDX) has around 267 employees, a market worth around $1.71B and $124.46M in sales. Fwd P/E is 151.90. Profit margin for the company is -53.08%. Distance from 52-week low is 132.28% and -27.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-30.26%).

Ardelyx Inc quarterly earnings per share for the current quarter are estimated at -$0.14 with sales reaching $36.71M over the same period.The EPS is expected to shrink by -38.55% this year, but quarterly earnings will post 68.30% year-over-year. Quarterly sales are estimated to grow 222.90% in year-over-year returns.

Ardelyx Inc (ARDX) Top Institutional Holders

228 institutions hold shares in Ardelyx Inc (ARDX), with institutional investors hold 60.85% of the company’s shares. The shares outstanding are 232.45M, and float is at 223.69M with Short Float at 16.23%. Institutions hold 59.71% of the Float.

The top institutional shareholder in the company is State Street Corporation with over 22.44 million shares valued at $76.06 million. The investor’s holdings represent 10.30% of the ARDX Shares outstanding. As of Jun 29, 2023, the second largest holder is Janus Henderson Group PLC with 21.83 million shares valued at $73.99 million to account for 10.02% of the shares outstanding. The other top investors are Blackrock Inc. which holds 14.03 million shares representing 6.44% and valued at over $47.56 million, while Vanguard Group Inc holds 5.26% of the shares totaling 11.47 million with a market value of $38.88 million.

Ardelyx Inc (ARDX) Insider Activity

The most recent transaction is an insider sale by RAAB MICHAEL,the company’sPresident & CEO. SEC filings show that RAAB MICHAEL sold 1,518 shares of the company’s common stock on Apr 01 ’24 at a price of $7.31 per share for a total of $11097.0. Following the sale, the insider now owns 1.32 million shares.

Ardelyx Inc disclosed in a document filed with the SEC on Mar 20 ’24 that GRAMMER ELIZABETH Asold a total of 86,000 shares of the company’s common stock. The trade occurred on Mar 20 ’24 and was made at $7.73 per share for $0.66 million. Following the transaction, the insider now directly holds 0.31 million shares of the ARDX stock.

Still, SEC filings show that on Feb 26 ’24, Rosenbaum David P. (Chief Development Officer) disposed off 5,183 shares at an average price of $9.20 for $47684.0. The insider now directly holds 175,936 shares of Ardelyx Inc (ARDX).

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