Ardelyx Inc (NASDAQ: ARDX) is 12.82% higher on its value in year-to-date trading and has touched a low of $4.32 and a high of $9.83 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 $6.36 in the last trading session, with the day’s loss setting it -0.64%.
Currently trading at $5.72, the stock is 1.87% and 7.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.55 million and changing -10.06% at the moment leaves the stock -3.89% off its SMA200. ARDX registered -36.73% loss for a year compared to 6-month loss of -4.51%.
The stock witnessed a 16.50% gain in the last 1 month and extending the period to 3 months gives it a 15.09%, and is 4.95% 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 6.26% over the week and 5.38% over the month.
Ardelyx Inc (ARDX) has around 267 employees, a market worth around $1.35B and $333.62M in sales. Fwd P/E is 13.68. Profit margin for the company is -11.73%. Distance from 52-week low is 32.41% and -41.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.04%).
with sales reaching $77.47M over the same period.The EPS is expected to grow by 9.75% this year, but quarterly earnings will post 12.28% year-over-year. Quarterly sales are estimated to grow 68.32% in year-over-year returns.
The shares outstanding are 236.85M, and float is at 227.39M with Short Float at 11.71%.
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 11.0625 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 5.1008 of the shares totaling 11.97 million with a market value of $88.66 million.
Ardelyx Inc (ARDX) Insider Activity
Ardelyx Inc disclosed in a document filed with the SEC on Jan 31 ’25 that RAAB MICHAEL (President & CEO) sold a total of 41,666 shares of the company’s common stock. The trade occurred on Jan 31 ’25 and was made at $5.36 per share for $0.22 million. Following the transaction, the insider now directly holds 1.11 million shares of the ARDX stock.
Still, SEC filings show that on Jan 21 ’25, MOTT DAVID M (Director) acquired 199,000 shares at an average price of $4.99 for $0.99 million. The insider now directly holds 1,937,765 shares of Ardelyx Inc (ARDX).
