Ardelyx Inc (NASDAQ: ARDX) kicked off on Monday, up 3.61% from the previous trading day, before settling in for the closing price of $6.65. Over the past 52 weeks, ARDX has traded in a range of $3.16-$10.13.
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A company in the Healthcare sector has jumped its sales by 146.90% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 10.24%. With a float of $226.68 million, this company’s outstanding shares have now reached $232.45 million.
In an organization with 267 employees, it is important to assess its efficiency.
Ardelyx Inc (ARDX) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Ardelyx Inc is 3.71%, while institutional ownership is 62.21%. The most recent insider transaction that took place on Sep 27 ’24, was worth 315,227. Before that another transaction happened on Sep 26 ’24, when Company’s President & CEO sold 3,000 for $6.07, making the entire transaction worth $18,210. This insider now owns 1,217,608 shares in total.
Ardelyx Inc (ARDX) Performance Highlights and Predictions
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According to the Wall Street analysts, stocks earnings will be around 10.24% 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
Take a look at Ardelyx Inc’s (ARDX) current performance indicators. Last quarter, stock had a quick ratio of 3.99. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.72.
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 -0.11 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 3.77 million. That was inferior than the volume of 5.07 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 80.27%. Additionally, its Average True Range was 0.33.
During the past 100 days, Ardelyx Inc’s (ARDX) raw stochastic average was set at 44.12%, which indicates a significant decrease from 82.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.80% in the past 14 days, which was lower than the 82.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.94, while its 200-day Moving Average is $7.08. However, in the short run, Ardelyx Inc’s stock first resistance to watch stands at $7.03. Second resistance stands at $7.16. The third major resistance level sits at $7.37. If the price goes on to break the first support level at $6.68, it is likely to go to the next support level at $6.47. Assuming the price breaks the second support level, the third support level stands at $6.34.
Ardelyx Inc (NASDAQ: ARDX) Key Stats
The company with the Market Capitalisation of 1.62 billion has total of 232,700K Shares Outstanding. Its annual sales at the moment are 124,460 K in contrast with the sum of -66,070 K annual income. Company’s last quarter sales were recorded 73,220 K and last quarter income was -16,450 K.
