A new trading day began on Friday, with Ardelyx Inc (NASDAQ: ARDX) stock price up 5.52% from the previous day of trading, before settling in for the closing price of $4.71. ARDX’s price has ranged from $3.83 to $10.13 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Healthcare sector has jumped its sales by 146.90% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 41.17%. With a float of $228.12 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. In terms of profitability, gross margin is 84.55%, operating margin of -25.44%, and the pretax margin is -28.6%.
Ardelyx Inc (ARDX) Insider and Institutional Ownership
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 61.11%. The most recent insider transaction that took place on Nov 13 ’24, was worth 996,598. In this transaction Director of this company bought 215,868 shares at a rate of $4.62, taking the stock ownership to the 1,425,465 shares. Before that another transaction happened on Nov 11 ’24, when Company’s President & CEO sold 2,743 for $4.90, making the entire transaction worth $13,441. This insider now owns 1,207,365 shares in total.
Ardelyx Inc (ARDX) Latest Financial update
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 -0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 41.17% 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 4.93.
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 -0.11 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 7.35 million. That was better than the volume of 4.98 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 17.64%. Additionally, its Average True Range was 0.41.
During the past 100 days, Ardelyx Inc’s (ARDX) raw stochastic average was set at 16.92%, which indicates a significant decrease from 28.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 121.08% in the past 14 days, which was higher than the 91.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.93, while its 200-day Moving Average is $6.79. However, in the short run, Ardelyx Inc’s stock first resistance to watch stands at $5.12. Second resistance stands at $5.28. The third major resistance level sits at $5.49. If the price goes on to break the first support level at $4.75, it is likely to go to the next support level at $4.54. The third support level lies at $4.38 if the price breaches the second support level.
Ardelyx Inc (NASDAQ: ARDX) Key Stats
With a market capitalization of 1.24 billion, the company has a total of 236,854K Shares Outstanding. Currently, annual sales are 124,460 K while annual income is -66,070 K. The company’s previous quarter sales were 98,240 K while its latest quarter income was -810 K.
