On Friday, Ardelyx Inc (NASDAQ: ARDX) opened lower -4.21% from the last session, before settling in for the closing price of $7.37. Price fluctuations for ARDX have ranged from $3.16 to $10.13 over the past 52 weeks.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 146.90%. Company’s average yearly earnings per share was noted -37.03% at the time writing. With a float of $223.69 million, this company’s outstanding shares have now reached $232.45 million.
Let’s determine the extent of company efficiency that accounts for 267 employees.
Ardelyx Inc (ARDX) Insider Activity
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Ardelyx Inc is 3.87%, while institutional ownership is 59.59%. The most recent insider transaction that took place on Apr 01 ’24, was worth 11,097. In this transaction President & CEO of this company sold 1,518 shares at a rate of $7.31, taking the stock ownership to the 1,318,433 shares. Before that another transaction happened on Mar 20 ’24, when Company’s insider sold 86,000 for $7.73, making the entire transaction worth $664,978. This insider now owns 312,993 shares in total.
Ardelyx Inc (ARDX) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 7.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -37.03% 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 28.61% growth over the previous five years of trading.
Ardelyx Inc (NASDAQ: ARDX) Trading Performance Indicators
Check out the current performance indicators for Ardelyx Inc (ARDX). In the past quarter, the stock posted a quick ratio of 4.64. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.30, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach 0.06 in one year’s time.
Technical Analysis of Ardelyx Inc (ARDX)
Looking closely at Ardelyx Inc (NASDAQ: ARDX), its last 5-days average volume was 5.01 million, which is a drop from its year-to-date volume of 6.25 million. As of the previous 9 days, the stock’s Stochastic %D was 33.01%. Additionally, its Average True Range was 0.43.
During the past 100 days, Ardelyx Inc’s (ARDX) raw stochastic average was set at 49.84%, which indicates a significant increase from 20.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.23% in the past 14 days, which was lower than the 74.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.43, while its 200-day Moving Average is $5.67. However, in the short run, Ardelyx Inc’s stock first resistance to watch stands at $7.32. Second resistance stands at $7.59. The third major resistance level sits at $7.75. If the price goes on to break the first support level at $6.90, it is likely to go to the next support level at $6.74. Should the price break the second support level, the third support level stands at $6.48.
Ardelyx Inc (NASDAQ: ARDX) Key Stats
There are currently 232,686K shares outstanding in the company with a market cap of 1.64 billion. Presently, the company’s annual sales total 124,460 K according to its annual income of -66,070 K. Last quarter, the company’s sales amounted to 34,360 K and its income totaled -28,800 K.
