Ardelyx Inc (NASDAQ: ARDX) is -25.97% lower on its value in year-to-date trading and has touched a low of $3.49 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 $4.89 in the last trading session, with the day’s loss setting it -0.3%.
Currently trading at $4.59, the stock is -20.30% and -23.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.13 million and changing -6.23% at the moment leaves the stock -33.06% off its SMA200. ARDX registered 28.93% gain for a year compared to 6-month loss of -41.08%. The firm has a 50-day simple moving average (SMA 50) of $6.0121 and a 200-day simple moving average (SMA200) of $6.880875.
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The stock witnessed a -23.37% gain in the last 1 month and extending the period to 3 months gives it a -19.19%, and is -19.76% 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 13.20% over the week and 6.33% over the month.
Ardelyx Inc (ARDX) has around 267 employees, a market worth around $1.09B and $251.85M in sales. Profit margin for the company is -28.82%. Distance from 52-week low is 31.52% and -54.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.89%).
with sales reaching $108.58M over the same period.The EPS is expected to grow by 41.17% this year, but quarterly earnings will post 162.00% year-over-year. Quarterly sales are estimated to grow 216.00% in year-over-year returns.
Ardelyx Inc (ARDX) Top Institutional Holders
264.0 institutions hold shares in Ardelyx Inc (ARDX), with institutional investors hold 62.99% of the company’s shares. The shares outstanding are 232.45M, and float is at 228.11M with Short Float at 10.55%. Institutions hold 61.99% 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 RAAB MICHAEL, the company’s President & CEO. SEC filings show that RAAB MICHAEL sold 2,743 shares of the company’s common stock on Nov 11 ’24 at a price of $4.90 per share for a total of $13441.0. Following the sale, the insider now owns 1.21 million shares.
Still, SEC filings show that on Nov 06 ’24, Rosenbaum David P. (Chief Development Officer) disposed off 27,171 shares at an average price of $6.10 for $0.17 million. The insider now directly holds 153,616 shares of Ardelyx Inc (ARDX).
