In Tuesday’s Wall Street session, Ardelyx Inc (NASDAQ:ARDX) shares traded at $4.81, up 5.48% from the previous session.
ARDX stock price is now -6.57% away from the 50-day moving average and -12.87% away from the 200-day moving average. The market capitalization of the company currently stands at $1.15B.
On March 04, 2025, BTIG Research recently initiated its ‘Buy’ rating on the stock quoting a target price of $14, while ‘H.C. Wainwright’ rates the stock as ‘Neutral’
In other news, RAAB MICHAEL, President & CEO sold 41,666 shares of the company’s stock on Apr 04 ’25. The stock was sold for $191,151 at an average price of $4.59. Upon completion of the transaction, the President & CEO now directly owns 1,615,587 shares in the company, valued at $7.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 17 ’25, Officer Rosenbaum David P. bought 44,330 shares of the business’s stock. A total of $242,559 was incurred on buying the stock at an average price of $5.47. A total of 3.26% of the company’s stock is owned by insiders.
During the past 12 months, Ardelyx Inc has had a low of $4.02 and a high of $9.33. As of last week, the company has a debt-to-equity ratio of 0.89, a current ratio of 4.58, and a quick ratio of 4.31. The fifty day moving average price for ARDX is $5.1483 and a two-hundred day moving average price translates $5.52075 for the stock.
The latest earnings results from Ardelyx Inc (NASDAQ: ARDX) was released for 2024-12-31. The net profit margin was -11.73% and return on equity was -23.01% for ARDX. The company reported revenue of $116.13 million for the quarter, compared to $34.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 237.95 percent.
