In yesterday’s Wall Street session, Ardelyx Inc (NASDAQ:ARDX) shares traded at $5.67, up 1.98% from the previous session.
ARDX stock price is now 7.68% away from the 50-day moving average and -5.22% away from the 200-day moving average. The market capitalization of the company currently stands at $1.34B.
With the price target reduced from $11 to $5.50, H.C. Wainwright Downgraded its rating from Buy to Neutral for Ardelyx Inc (NASDAQ: ARDX). On July 02, 2024, Piper Sandler Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $15 to quote $7, while ‘Leerink Partners’ rates the stock as ‘Outperform’
In other news, RAAB MICHAEL, President & CEO sold 41,666 shares of the company’s stock on Jan 31 ’25. The stock was sold for $223,355 at an average price of $5.36. Upon completion of the transaction, the President & CEO now directly owns 1,108,719 shares in the company, valued at $6.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 21 ’25, Director MOTT DAVID M bought 199,000 shares of the business’s stock. A total of $992,672 was incurred on buying the stock at an average price of $4.99. This leaves the insider owning 1,937,765 shares of the company worth $10.99 million. A total of 3.99% of the company’s stock is owned by insiders.
During the past 12 months, Ardelyx Inc has had a low of $4.32 and a high of $10.13. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 4.03, and a quick ratio of 3.87. The fifty day moving average price for ARDX is $5.2546 and a two-hundred day moving average price translates $5.986625 for the stock.
The latest earnings results from Ardelyx Inc (NASDAQ: ARDX) was released for 2024-09-30. The net profit margin was -28.82% and return on equity was -41.54% for ARDX. The company reported revenue of $98.24 million for the quarter, compared to $56.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 74.21 percent.
