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Friday, September 29, 2023

Searching For Real Value In Market Debris At Ardelyx Inc. (NASDAQ: ARDX)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Ardelyx Inc. (ARDX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.21%, to $4.82. The Ardelyx Inc. has recorded 10,980 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Ardelyx Showcased Encouraging Data on Treatment Satisfaction and Efficacy of IBSRELA® (tenapanor) for IBS-C at GHAPP 2023.

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Stocks Info

As a NASDAQ listed company, ARDX falls under the Healthcare sector while operating within the Biotechnology industry segment. At the end of the last regular session, the stock closed at $4.83 and fluctuated between $4.9000 as its day high and $4.6600 as its day low. The current market capitalization of Ardelyx Inc. is $1.04B. A total of 4.13 million shares were traded on the day, compared to an average of 5.16M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ARDX has seen 6 BUY and 11 SELL insider trades, representing the acquisition of 119,428 and the disposition of 90,029 shares. Over the last 12 months, there were 16 BUYs and 54 SELLs from insiders. Insiders purchased 1,455,753 shares during that period but sold 281,352.

In the most recent transaction, Rosenbaum David P. sold 2,897 shares of ARDX for 4.55 per share on Sep 08. After the transaction, the Chief Development Officer now owns 367,022 company shares. In a previous transaction on Aug 21, RAAB MICHAEL sold 11,419 shares at 3.55 per share. ARDX shares that President & CEO owns now total 876,236.

Among the insiders who sold shares, Rodriguez Susan disposed of 4,733 shares on Aug 21 at a per-share price of $3.55. This resulted in the Chief Commercial Officer holding 348,687 shares of ARDX after the transaction. In another insider transaction, Renz Justin A sold 2,884 shares at $3.55 per share on Aug 21. Company shares held by the Chief Financial Officer now total 333,849.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ARDX in the last 3 months, the mean price target is $8.50 with high estimates of $12.00 and low estimates of $6.00. In terms of 52-week highs and lows, ARDX has a high of $5.12 and a low of $1.09.

As of this writing, ARDX has an earnings estimate of -$0.11 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.15. The company reported an EPS of -$0.13 in the last quarter, which was -30.00% lower than expectations of -$0.1.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ARDX’s latest balance sheet shows that the firm has $116.69M in Cash & Short Term Investments as of fiscal 2021. There were $45.50M in debt and $57.55M in liabilities at the time. Its Book Value Per Share was $0.57, while its Total Shareholder’s Equity was $82.62M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ARDX is Buy with a score of 5.00.

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