In Monday’s Wall Street session, Ardelyx Inc (NASDAQ:ARDX) shares traded at $3.73, down -9.56% from the previous session.
ARDX stock price is now -25.49% away from the 50-day moving average and -31.93% away from the 200-day moving average. The market capitalization of the company currently stands at $893.62M.
With the price target maintained at $11, Raymond James recently Downgraded its rating from Strong Buy to Outperform for Ardelyx Inc (NASDAQ: ARDX). , while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, MOTT DAVID M, Director bought 381,377 shares of the company’s stock on May 02 ’25. The stock was bought for $1,610,936 at an average price of $4.22. Upon completion of the transaction, the Director now directly owns 2,396,871 shares in the company, valued at $8.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02 ’25, President & CEO RAAB MICHAEL sold 41,666 shares of the business’s stock. A total of $177,168 was realized by selling the stock at an average price of $4.25. This leaves the insider owning 1,594,754 shares of the company worth $5.95 million. 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 1.06, a current ratio of 4.12, and a quick ratio of 3.81.
The net profit margin was -14.86% and return on equity was -36.26% for ARDX. The company reported revenue of $74.11 million for the quarter, compared to $46.02 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 61.04 percent.
