While Ardelyx Inc has underperformed by -2.21%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ARDX fell by -41.15%, with highs and lows ranging from $9.79 to $4.32, whereas the simple moving average fell by -8.25% in the last 200 days.
On March 04, 2025, BTIG Research started tracking Ardelyx Inc (NASDAQ: ARDX) recommending Buy. A report published by H.C. Wainwright on November 11, 2024, Downgraded its rating to ‘Neutral’ for ARDX. Piper Sandler also Downgraded ARDX shares as ‘Neutral’, setting a target price of $7 on the company’s shares in a report dated July 02, 2024. Leerink Partners Initiated an Outperform rating on April 05, 2024, and assigned a price target of $14. Raymond James initiated its ‘Strong Buy’ rating for ARDX, as published in its report on December 18, 2023. H.C. Wainwright’s report from September 07, 2023 suggests a price prediction of $9 for ARDX shares, giving the stock a ‘Buy’ rating. Cantor Fitzgerald also rated the stock as ‘Overweight’.
Analysis of Ardelyx Inc (ARDX)
Further, the quarter-over-quarter increase in sales is 237.95%, showing a positive trend in the upcoming months.
Ardelyx Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -23.01% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.31, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and ARDX has an average volume of 4.30M. On a monthly basis, the volatility of the stock is set at 5.77%, whereas on a weekly basis, it is put at 5.62%, with a gain of 1.92% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.95, showing growth from the present price of $5.32, which can serve as yet another indication of whether ARDX is worth investing in or should be passed over.
How Do You Analyze Ardelyx Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.51%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 63.67% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ARDX shares are owned by institutional investors to the tune of 63.67% at present.
