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Check out this: Ardelyx Inc (ARDX) could be on the verge of a big rally

Ardelyx Inc (NASDAQ: ARDX) is -10.32% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ARDX stock was last observed hovering at around $5.45 in the last trading session, with the day’s gains setting it 0.11%.

Currently trading at $5.56, the stock is -10.73% and -19.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.41 million and changing 2.02% at the moment leaves the stock -14.98% off its SMA200. ARDX registered 64.50% gain for a year compared to 6-month gain of -9.74%.

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The stock witnessed a -17.51% loss in the last 1 month and extending the period to 3 months gives it a -24.04%, and is -26.55% 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 10.42% over the week and 6.87% over the month.

Ardelyx Inc (ARDX) has around 267 employees, a market worth around $1.30B and $159.11M in sales. Profit margin for the company is -41.36%. Distance from 52-week low is 75.95% and -45.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.17%).

The EPS is expected to shrink by -16.87% this year.

Ardelyx Inc (ARDX) Top Institutional Holders

The shares outstanding are 232.45M, and float is at 225.30M with Short Float at 13.80%.

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 2,310 shares of the company’s common stock on Jun 28 ’24 at a price of $6.59 per share for a total of $15223.0. Following the sale, the insider now owns 1.27 million shares.

Ardelyx Inc disclosed in a document filed with the SEC on Jun 21 ’24 that Blanks Robertsold a total of 38,000 shares of the company’s common stock. The trade occurred on Jun 21 ’24 and was made at $5.96 per share for $0.23 million. Following the transaction, the insider now directly holds 0.32 million shares of the ARDX stock.

Still, SEC filings show that on Jun 13 ’24, RAAB MICHAEL (President & CEO) disposed off 35,000 shares at an average price of $6.65 for $0.23 million. The insider now directly holds 1,270,273 shares of Ardelyx Inc (ARDX).

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