Ardelyx Inc (NASDAQ: ARDX) is 10.48% 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 $6.89 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $6.85, the stock is 13.46% and 15.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.15 million and changing -0.58% at the moment leaves the stock -3.30% off its SMA200. ARDX registered 67.89% gain for a year compared to 6-month loss of -6.68%. The firm has a 50-day simple moving average (SMA 50) of $5.9626 and a 200-day simple moving average (SMA200) of $7.0904.
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The stock witnessed a 10.84% gain in the last 1 month and extending the period to 3 months gives it a 29.73%, and is 15.51% 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 6.46% over the week and 5.41% over the month.
Ardelyx Inc (ARDX) has around 267 employees, a market worth around $1.61B and $210.00M in sales. Profit margin for the company is -31.02%. Distance from 52-week low is 116.77% and -32.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.23%).
with sales reaching $86.64M over the same period.The EPS is expected to grow by 14.24% this year, but quarterly earnings will post 145.80% year-over-year. Quarterly sales are estimated to grow 283.90% in year-over-year returns.
Ardelyx Inc (ARDX) Top Institutional Holders
258.0 institutions hold shares in Ardelyx Inc (ARDX), with institutional investors hold 62.83% of the company’s shares. The shares outstanding are 232.45M, and float is at 226.68M with Short Float at 11.44%. Institutions hold 61.81% of the Float.
The top institutional shareholder in the company is JANUS HENDERSON GROUP PLC with over 25.95 million shares valued at $192.14 million. The investor’s holdings represent 11.1339% of the ARDX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 17.55 million shares valued at $130.06 million to account for 7.5312 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 13.66 million shares representing 5.8592% and valued at over $101.19 million, while STATE STREET CORP holds 5.1338 of the shares totaling 11.97 million with a market value of $88.66 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 49,564 shares of the company’s common stock on Sep 27 ’24 at a price of $6.92 per share for a total of $0.34 million. Following the sale, the insider now owns 0.3 million shares.
Still, SEC filings show that on Sep 26 ’24, RAAB MICHAEL (President & CEO) disposed off 3,000 shares at an average price of $6.07 for $18210.0. The insider now directly holds 1,217,608 shares of Ardelyx Inc (ARDX).