Ardelyx Inc. (NASDAQ: ARDX) started the day on March 16, 2023, with a price increase of 1.00% at $4.03. During the day, the stock rose to $4.15 and sunk to $3.915 before settling in for the price of $3.99 at the close. Taking a more long-term approach, ARDX posted a 52-week range of $0.49-$4.16.
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The company of the Healthcare sector’s yearbook sales growth during the past 5- year span was recorded 4.40%. Meanwhile, its Annual Earning per share during the time was 20.80%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 72.10%. This publicly-traded company’s shares outstanding now amounts to $192.80 million, simultaneously with a float of $184.91 million. The organization now has a market capitalization sitting at $892.93 million. At the time of writing, stock’s 50-day Moving Average stood at $3.20, while the 200-day Moving Average is $1.71.
It is imperative to bring your focus towards the efficiency factor of the conglomerate that has a total of 133 employees. For the Profitability, stocks gross margin was +83.29, operating margin was -122.24 and Pretax Margin of -128.84.
Ardelyx Inc. (ARDX) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Biotechnology Industry. Ardelyx Inc.’s current insider ownership accounts for 1.80%, in contrast to 36.50% institutional ownership. According to the most recent insider trade that took place on Feb 21, this organization’s President & CEO sold 13,449 shares at the rate of 3.00, making the entire transaction reach 40,360 in total value, affecting insider ownership by 896,012. Preceding that transaction, on Feb 21, Company’s Chief Commercial Officer sold 5,586 for 3.00, making the whole transaction’s value amount to 16,764. This particular insider is now the holder of 355,131 in total.
Ardelyx Inc. (ARDX) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 9/29/2022, the organization reported -$0.14 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at -$0.17) by $0.03. This company achieved a net margin of -128.85 while generating a return on equity of -74.28. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.13 per share during the current fiscal year.
Ardelyx Inc.’s EPS increase for this current 12-month fiscal period is 72.10% and is forecasted to reach 0.20 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 30.00% through the next 5 years, which can be compared against the 20.80% growth it accomplished over the previous five years trading on the market.
Ardelyx Inc. (NASDAQ: ARDX) Trading Performance Indicators
Let’s observe the current performance indicators for Ardelyx Inc. (ARDX). It’s Quick Ratio in the last reported quarter now stands at 2.30. The Stock has managed to achieve an average true range (ATR) of 0.26. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 17.11.
In the same vein, ARDX’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.48, a figure that is expected to reach -0.10 in the next quarter, and analysts are predicting that it will be 0.20 at the market close of one year from today.
Technical Analysis of Ardelyx Inc. (ARDX)
If we take a close look at the recent performances of Ardelyx Inc. (NASDAQ: ARDX), its last 5-days Average volume was 8.07 million that shows progress from its year to date volume of 7.29 million. During the previous 9 days, stock’s Stochastic %D was recorded 81.04% While, its Average True Range was 0.27.
Raw Stochastic average of Ardelyx Inc. (ARDX) in the period of the previous 100 days is set at 95.67%, which indicates a major rise in contrast to 90.30% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 125.19% that was higher than 107.29% volatility it exhibited in the past 100-days period.