Ardelyx Inc. (NASDAQ:ARDX) went down by -1.54% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Biotechnology giant went up by $7.01 to trade ended Tuesday trading at $7.12. This is down from the $7.12 price recorded on Monday’s trading session. Thanks to this latest performance, ARDX is closer to the higher price 52-week target of $15.00 and further from the lowest price target of $11.00. Its performance from the start of the year has also been negative, with ARDX down by -6.60% year-to-date.
Ardelyx Inc. (ARDX) started the day trading at $7.15 and recorded an intraday high of $7.22. It also recorded an intraday low of $6.99 during Tuesday’s trading session. Ardelyx Inc. is a very active stock that recorded a trading volume that is less than -89.79% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 391217, which is less than -89.79 of the total average daily trading volume of 742.51K.
Ardelyx Inc. (NASDAQ:ARDX) 2020 Performance Impressive
The increase in ARDX’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of ARDX currently stands at $8.81, which is higher than the current trading price of the stock by 20.43%. However, ARDX’s current trading price is -233.81% lower than the 52-week low price of $2.10. In terms of trading volume, Ardelyx Inc. currently experienced healthy participation during the last trading session. 391217 shares of Ardelyx Inc. were traded on the stock exchange on Tuesday, which is less than -89.79% of the 742.51K average trading volume of the stock.
The performance of the stock has been positive over the past year. ARDX’s performance over the past one year has seen it surge by 175.98%, while the stock has gone down by -13.46% in the last six months. The quarterly performance of ARDX currently stands at 17.62%, and it is down by -10.81% in the last month. The only positive figure was from the weekly performance, which currently reads 3.55%. At the time of writing ARDX’s report, the company has a total market cap of $635.32M, making it one of the largest publicly-traded companies in the world.Ardelyx Inc. also has over 88 employees all over the world.
ARDX Insider Activities
For Ardelyx Inc., insiders hold 86.30% of all company shares. The insider transactions over the past six months are down by -28.70%. During that period, insiders bought 1,488,155 shares in 19 transactions. In that same period, insiders sold 7,436,303 of their shares in 22 transactions. After these transactions, insiders at Ardelyx Inc. now hold 581.54k shares, which is over 85.95% of the total company stocks. Institutional investors currently hold a large chunk of the ARDX shares, as they control 0.65% of the company’s total stock.
ARDX Fundamental Analysis
For Ardelyx Inc., the stock’s diluted earnings per share (EPS) stands at -1.32. In the coming year, analysts expect the EPS to be -1.08. The EPS growth will up over the next five years to 30.00% after plunging by -53.50% in the previous five years. In terms of revenue, Ardelyx Inc.’s quarterly sales (YOY) is shrinking at -0.26, which is higher than the average annual revenue of -53.50% over the past half a decade.
The Return on Investment (ROI) on Ardelyx Inc.’s stock currently stands at -38.70%. The gross margin of the company is 90.80%.
ARDX Analysts Prediction
Jefferies and Citigroup also believe that Ardelyx Inc.’s stock is outperforming at the moment. ARDX received a positive rating from Citigroup, which set a price target of $16-$17 for the stock.
At the moment, Ardelyx Inc.’s Total Debt to Equity ratio stands at 0.30, and they have a long-term Debt to Equity ratio of 0.26.
ARDX Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of ARDX currently stands at -0.38%, while the SMA50 is -2.01%. The biggest one is the SMA200, which is currently reading 8.14% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 48.44.