Ardelyx Inc (NASDAQ: ARDX) on Tuesday, plunged -1.13% from the previous trading day, before settling in for the closing price of $6.22. Within the past 52 weeks, ARDX’s price has moved between $3.16 and $10.13.
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Healthcare Sector giant saw their annual sales surged by 146.90% over the last five years. The company achieved an average annual earnings per share of 11.24%. With a float of $226.68 million, this company’s outstanding shares have now reached $232.45 million.
The firm has a total of 267 workers. Let’s measure their productivity. In terms of profitability, gross margin is 85.86%, operating margin of -28.05%, and the pretax margin is -30.68%.
Ardelyx Inc (ARDX) Insider Activity
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Ardelyx Inc is 3.72%, while institutional ownership is 62.19%. The most recent insider transaction that took place on Sep 13 ’24, was worth 33,254. In this transaction Chief Development Officer of this company sold 5,312 shares at a rate of $6.26, taking the stock ownership to the 153,616 shares. Before that another transaction happened on Sep 11 ’24, when Company’s President & CEO sold 35,000 for $5.61, making the entire transaction worth $196,399. This insider now owns 1,220,608 shares in total.
Ardelyx Inc (ARDX) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.03 earnings per share (EPS) for the period topping the consensus outlook (set at -0.11) by 0.14. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 11.24% 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
Ardelyx Inc (ARDX) is currently performing well based on its current performance indicators. A quick ratio of 3.99 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.28, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.12 in one year’s time.
Technical Analysis of Ardelyx Inc (ARDX)
Analysing the last 5-days average volume posted by the [Ardelyx Inc, ARDX], we can find that recorded value of 2.32 million was lower than the volume posted last year of 5.15 million. As of the previous 9 days, the stock’s Stochastic %D was 77.75%. Additionally, its Average True Range was 0.29.
During the past 100 days, Ardelyx Inc’s (ARDX) raw stochastic average was set at 25.35%, which indicates a significant decrease from 70.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.79% in the past 14 days, which was lower than the 91.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.86, while its 200-day Moving Average is $7.03. Now, the first resistance to watch is $6.29. This is followed by the second major resistance level at $6.42. The third major resistance level sits at $6.52. If the price goes on to break the first support level at $6.06, it is likely to go to the next support level at $5.96. Should the price break the second support level, the third support level stands at $5.83.
Ardelyx Inc (NASDAQ: ARDX) Key Stats
Market capitalization of the company is 1.45 billion based on 232,700K outstanding shares. Right now, sales total 124,460 K and income totals -66,070 K. The company made 73,220 K in profit during its latest quarter, and -16,450 K in sales during its previous quarter.
