A new trading day began on June 22, 2022, with Ardelyx Inc. (NASDAQ: ARDX) stock priced at $0.558, up 5.86% from the previous day of trading. During the day, the shares moved up to $0.635 and dropped to $0.551 before settling in for the closing price of $0.58. ARDX’s price has ranged from $0.49 to $8.25 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged -44.20%. With a float of $128.34 million, this company’s outstanding shares have now reached $130.94 million.
In an organization with 86 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +45.27, operating margin of -1528.63, and the pretax margin is -1566.42.
Ardelyx Inc. (ARDX) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of Ardelyx Inc. is 1.50%, while institutional ownership is 28.80%. The most recent insider transaction that took place on Jun 06, was worth 28,574. In this transaction Chief Commercial Officer of this company sold 43,920 shares at a rate of $0.65, taking the stock ownership to the 289,593 shares. Before that another transaction happened on Jun 06, when Company’s Chief Financial Officer sold 73,312 for $0.65, making the entire transaction worth $47,696. This insider now owns 262,047 shares in total.
Ardelyx Inc. (ARDX) Performance Highlights and Predictions
In its latest quarterly report, released on 3/30/2022, the company reported earnings of -$0.21 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -1566.46 while generating a return on equity of -151.55. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -44.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 30.00% during the next five years compared to 11.50% growth over the previous five years of trading.
Ardelyx Inc. (NASDAQ: ARDX) Trading Performance Indicators
Here are Ardelyx Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 20.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.40, a number that is poised to hit -0.19 in the next quarter and is forecasted to reach -0.38 in one year’s time.
Technical Analysis of Ardelyx Inc. (ARDX)
Let’s dig in a bit further. During the last 5-days, its volume was 3.8 million. That was better than the volume of 3.23 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 40.53%. Additionally, its Average True Range was 0.06.
During the past 100 days, Ardelyx Inc.’s (ARDX) raw stochastic average was set at 13.91%, which indicates a significant decrease from 46.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 107.16% in the past 14 days, which was higher than the 105.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.7136, while its 200-day Moving Average is $0.9867. However, in the short run, Ardelyx Inc.’s stock first resistance to watch stands at $0.6490. Second resistance stands at $0.6840. The third major resistance level sits at $0.7330. If the price goes on to break the first support level at $0.5650, it is likely to go to the next support level at $0.5160. Assuming the price breaks the second support level, the third support level stands at $0.4810.
Ardelyx Inc. (NASDAQ: ARDX) Key Stats
With a market capitalization of 81.18 million, the company has a total of 144,599K Shares Outstanding. Currently, annual sales are 10,100 K while annual income is -158,170 K. The company’s previous quarter sales were 470 K while its latest quarter income was -28,070 K.