A new trading day began on Monday, with Ardelyx Inc (NASDAQ: ARDX) stock price down -3.28% from the previous day of trading, before settling in for the closing price of $6.09. ARDX’s price has ranged from $3.43 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%. Meanwhile, its annual earnings per share averaged 41.02%. With a float of $228.11 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. In terms of profitability, gross margin is 85.44%, operating margin of -25.44%, and the pretax margin is -28.6%.
Ardelyx Inc (ARDX) Breakdown of a Key Holders of the stock
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 3.69%, while institutional ownership is 61.84%. The most recent insider transaction that took place on Oct 28 ’24, was worth 147,740. In this transaction President & CEO of this company sold 25,000 shares at a rate of $5.91, taking the stock ownership to the 1,210,108 shares. Before that another transaction happened on Oct 28 ’24, when Company’s Officer proposed sale 25,000 for $5.91, making the entire transaction worth $147,740.
Ardelyx Inc (ARDX) Recent Fiscal highlights
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.12 per share, which was $0.1 lower 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). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 41.02% 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
Here are Ardelyx Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.87. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.75.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.31, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach -0.07 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 4.73 million, which is a drop from its year-to-date volume of 4.86 million. As of the previous 9 days, the stock’s Stochastic %D was 54.29%. Additionally, its Average True Range was 0.28.
During the past 100 days, Ardelyx Inc’s (ARDX) raw stochastic average was set at 27.42%, which indicates a significant decrease from 38.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.78% in the past 14 days, which was lower than the 80.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.06, while its 200-day Moving Average is $6.96. However, in the short run, Ardelyx Inc’s stock first resistance to watch stands at $6.04. Second resistance stands at $6.19. The third major resistance level sits at $6.33. If the price goes on to break the first support level at $5.75, it is likely to go to the next support level at $5.61. Now, if the price goes above the second support level, the third support stands at $5.46.
Ardelyx Inc (NASDAQ: ARDX) Key Stats
With a market capitalization of 1.45 billion, the company has a total of 235,428K Shares Outstanding. Currently, annual sales are 124,460 K while annual income is -66,070 K. The company’s previous quarter sales were 73,220 K while its latest quarter income was -16,450 K.
