The price of Ardelyx Inc (NASDAQ:ARDX) shares last traded on Wall Street fell -1.07% to $4.61.
ARDX stock price is now -16.23% away from the 50-day moving average and -27.57% away from the 200-day moving average. The market capitalization of the company currently stands at $1.09B.
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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 25,000 shares of the company’s stock on Dec 10 ’24. The stock was sold for $131,620 at an average price of $5.26. Upon completion of the transaction, the President & CEO now directly owns 1,150,385 shares in the company, valued at $5.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 10 ’24, Officer MICHAEL G. RAAB bought 25,000 shares of the business’s stock. A total of $131,618 was incurred on buying the stock at an average price of $5.26. A total of 3.78% of the company’s stock is owned by insiders.
During the past 12 months, Ardelyx Inc has had a low of $4.34 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 $5.5301 and a two-hundred day moving average price translates $6.389925 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.
