A new trading day began on Monday, with Ardelyx Inc (NASDAQ: ARDX) stock price down -4.98% from the previous day of trading, before settling in for the closing price of $4.82. ARDX’s price has ranged from $4.32 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 41.17%. With a float of $227.89 million, this company’s outstanding shares have now reached $236.89 million.
Let’s determine the extent of company efficiency that accounts for 267 employees. In terms of profitability, gross margin is 84.76%, operating margin of -25.44%, and the pretax margin is -28.6%.
Ardelyx Inc (ARDX) Insider Activity
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 3.78%, while institutional ownership is 61.53%. The most recent insider transaction that took place on Dec 19 ’24, was worth 996,580. In this transaction Director of this company bought 213,300 shares at a rate of $4.67, taking the stock ownership to the 1,638,765 shares. Before that another transaction happened on Dec 10 ’24, when Company’s President & CEO sold 25,000 for $5.26, making the entire transaction worth $131,620. This insider now owns 1,150,385 shares in total.
Ardelyx Inc (ARDX) Earnings and Forecasts
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 4.31.
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 6.2 million, which is a jump from its year-to-date volume of 4.89 million. As of the previous 9 days, the stock’s Stochastic %D was 30.49%. Additionally, its Average True Range was 0.35.
During the past 100 days, Ardelyx Inc’s (ARDX) raw stochastic average was set at 9.09%, which indicates a significant decrease from 16.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 76.13% in the past 14 days, which was higher than the 72.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.43, while its 200-day Moving Average is $6.30. However, in the short run, Ardelyx Inc’s stock first resistance to watch stands at $4.74. Second resistance stands at $4.91. The third major resistance level sits at $5.00. If the price goes on to break the first support level at $4.49, it is likely to go to the next support level at $4.40. Should the price break the second support level, the third support level stands at $4.23.
Ardelyx Inc (NASDAQ: ARDX) Key Stats
With a market capitalization of 1.08 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.
