Ardelyx Inc (NASDAQ: ARDX) is -26.13% lower on its value in year-to-date trading and has touched a low of $4.32 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 $4.82 in the last trading session, with the day’s loss setting it -0.24%.
Currently trading at $4.58, the stock is -12.65% and -15.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.57 million and changing -4.98% at the moment leaves the stock -27.30% off its SMA200. ARDX registered -27.19% loss for a year compared to 6-month loss of -23.92%. The firm has a 50-day simple moving average (SMA 50) of $5.4551 and a 200-day simple moving average (SMA200) of $6.320075.
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The stock witnessed a -10.55% gain in the last 1 month and extending the period to 3 months gives it a -22.77%, and is -15.03% 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 9.49% over the week and 6.33% over the month.
Ardelyx Inc (ARDX) has around 267 employees, a market worth around $1.08B and $251.85M in sales. Profit margin for the company is -28.82%. Distance from 52-week low is 6.02% and -54.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.89%).
with sales reaching $108.57M over the same period.The EPS is expected to grow by 41.17% this year, but quarterly earnings will post 161.98% year-over-year. Quarterly sales are estimated to grow 215.94% in year-over-year returns.
Ardelyx Inc (ARDX) Top Institutional Holders
271.0 institutions hold shares in Ardelyx Inc (ARDX), with institutional investors hold 62.97% of the company’s shares. The shares outstanding are 236.89M, and float is at 227.89M with Short Float at 10.67%. Institutions hold 61.90% 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 purchase by MOTT DAVID M, the company’s Director. SEC filings show that MOTT DAVID M bought 213,300 shares of the company’s common stock on Dec 19 ’24 at a price of $4.67 per share for a total of $1.0 million. Following the purchase, the insider now owns 1.64 million shares.
Ardelyx Inc disclosed in a document filed with the SEC on Dec 10 ’24 that RAAB MICHAEL (President & CEO) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Dec 10 ’24 and was made at $5.26 per share for $0.13 million. Following the transaction, the insider now directly holds 1.15 million shares of the ARDX stock.
Still, SEC filings show that on Dec 10 ’24, MICHAEL G. RAAB (Officer) Proposed Sale 25,000 shares at an average price of $5.26 for $0.13 million. The insider now directly holds shares of Ardelyx Inc (ARDX).
