A new trading day began on Friday, with Ardelyx Inc (NASDAQ: ARDX) stock price down -5.06% from the previous day of trading, before settling in for the closing price of $5.34. ARDX’s price has ranged from $4.32 to $10.13 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 157.98% over the past five years. Meanwhile, its annual earnings per share averaged 41.50%. With a float of $227.58 million, this company’s outstanding shares have now reached $236.89 million.
Let’s look at the performance matrix of the company that is accounted 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 Updates
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 3.92%, while institutional ownership is 61.46%. The most recent insider transaction that took place on Jan 07 ’25, was worth 221,309. In this transaction President & CEO of this company sold 41,666 shares at a rate of $5.31, taking the stock ownership to the 1,129,552 shares. Before that another transaction happened on Jan 07 ’25, when Company’s Director proposed sale 166,666 for $5.00, making the entire transaction worth $833,330.
Ardelyx Inc (ARDX) Performance Highlights and Predictions
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 41.50% per share during the next fiscal year.
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 4.77.
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 -0.12 in one year’s time.
Technical Analysis of Ardelyx Inc (ARDX)
Ardelyx Inc (NASDAQ: ARDX) saw its 5-day average volume 4.06 million, a negative change from its year-to-date volume of 4.19 million. As of the previous 9 days, the stock’s Stochastic %D was 74.93%. Additionally, its Average True Range was 0.34.
During the past 100 days, Ardelyx Inc’s (ARDX) raw stochastic average was set at 26.22%, which indicates a significant decrease from 57.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.09% in the past 14 days, which was lower than the 71.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.26, while its 200-day Moving Average is $6.14. Nevertheless, the first resistance level for the watch stands at $5.27 in the near term. At $5.46, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.60. If the price goes on to break the first support level at $4.94, it is likely to go to the next support level at $4.80. Assuming the price breaks the second support level, the third support level stands at $4.61.
Ardelyx Inc (NASDAQ: ARDX) Key Stats
With a market capitalization of 1.20 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.
