Ardelyx Inc (NASDAQ: ARDX) is -1.29% 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 $5.99 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $6.12, the stock is 6.76% and 3.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.53 million and changing 2.17% at the moment leaves the stock -10.43% off its SMA200. ARDX registered 69.53% gain for a year compared to 6-month loss of -28.42%.
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The stock witnessed a 7.37% gain in the last 1 month and extending the period to 3 months gives it a -22.82%, and is 5.52% up 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 4.32% over the week and 5.93% over the month.
Ardelyx Inc (ARDX) has around 267 employees, a market worth around $1.44B and $210.00M in sales. Profit margin for the company is -31.02%. Distance from 52-week low is 93.67% and -39.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.23%).
with sales reaching $86.24M over the same period.The EPS is expected to grow by 11.24% this year, but quarterly earnings will post 143.90% year-over-year. Quarterly sales are estimated to grow 282.10% in year-over-year returns.
Ardelyx Inc (ARDX) Top Institutional Holders
262.0 institutions hold shares in Ardelyx Inc (ARDX), with institutional investors hold 63.00% of the company’s shares. The shares outstanding are 232.45M, and float is at 226.50M with Short Float at 11.72%. Institutions hold 61.93% of the Float.
The top institutional shareholder in the company is JANUS HENDERSON GROUP PLC with over 22.05 million shares valued at $160.86 million. The investor’s holdings represent 10.0524 of the ARDX Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 17.1 million shares valued at $124.8 million to account for 7.7946 of the shares outstanding. The other top investors are STATE STREET CORP which holds 14.09 million shares representing 6.4236 and valued at over $102.85 million, while VANGUARD GROUP INC holds 6.1058 of the shares totaling 13.39 million with a market value of $97.76 million.
Ardelyx Inc (ARDX) Insider Activity
The most recent transaction is an insider sale by Rosenbaum David P., the company’s Chief Development Officer. SEC filings show that Rosenbaum David P. sold 20,507 shares of the company’s common stock on Aug 20 ’24 at a price of $6.00 per share for a total of $0.12 million. Following the sale, the insider now owns 0.16 million shares.
Ardelyx Inc disclosed in a document filed with the SEC on Aug 16 ’24 that Rosenbaum David P. (Chief Development Officer) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Aug 16 ’24 and was made at $5.94 per share for $0.12 million. Following the transaction, the insider now directly holds 0.36 million shares of the ARDX stock.
Still, SEC filings show that on Aug 16 ’24, DAVID P ROSENBAUM TODSUBJECT T (Officer) Proposed Sale 20,000 shares at an average price of $5.88 for $0.12 million. The insider now directly holds shares of Ardelyx Inc (ARDX).
