Ardelyx Inc (NASDAQ: ARDX) is 2.17% 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 $5.13 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $5.18, the stock is -6.81% and -2.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.55 million and changing 0.97% at the moment leaves the stock -12.09% off its SMA200. ARDX registered -41.27% loss for a year compared to 6-month loss of -14.38%.
The stock witnessed a -6.16% gain in the last 1 month and extending the period to 3 months gives it a 5.28%, and is -19.31% 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 7.49% over the week and 5.60% over the month.
Ardelyx Inc (ARDX) has around 395 employees, a market worth around $1.23B and $333.62M in sales. Fwd P/E is 18.36. Profit margin for the company is -11.73%. Distance from 52-week low is 19.91% and -47.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.04%).
with sales reaching $79.47M over the same period.The EPS is expected to shrink by -13.72% this year, but quarterly earnings will post 12.02% year-over-year. Quarterly sales are estimated to grow 72.66% in year-over-year returns.
Ardelyx Inc (ARDX) Top Institutional Holders
The shares outstanding are 238.02M, and float is at 228.88M with Short Float at 11.63%.
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
The most recent transaction is an insider sale by Williams Laura A, the company’s Chief Medical Officer. SEC filings show that Williams Laura A sold 4,941 shares of the company’s common stock on Feb 20 ’25 at a price of $5.62 per share for a total of $27783.0. Following the sale, the insider now owns 0.3 million shares.
Ardelyx Inc disclosed in a document filed with the SEC on Feb 20 ’25 that Renz Justin A (Chief Financial Officer) sold a total of 5,171 shares of the company’s common stock. The trade occurred on Feb 20 ’25 and was made at $5.62 per share for $29077.0. Following the transaction, the insider now directly holds 0.29 million shares of the ARDX stock.
Still, SEC filings show that on Feb 20 ’25, RAAB MICHAEL (President & CEO) disposed off 22,964 shares at an average price of $5.62 for $0.13 million. The insider now directly holds 1,085,755 shares of Ardelyx Inc (ARDX).
