After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that Ardelyx, Inc. Reports Employment Inducement Grants.
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Stocks Info
The company is listed on the NASDAQ and operates within the Biotechnology industry segment. At the end of the last regular session, the stock closed at $8.78 and fluctuated between $9.20 as its day high and $8.75 as its day low. The current market capitalization of Ardelyx Inc is $2.04B. A total of 5.92 million shares were traded on the day, compared to an average of 7.29M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ARDX has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 25,000 shares. Over the last 12 months, there were 6 BUYs and 33 SELLs from insiders. Insiders purchased 119,428 shares during that period but sold 193,819.
In the most recent transaction, Rosenbaum David P. sold 30,000 shares of ARDX for 6.64 per share on Jan 08. After the transaction, the Chief Development Officer now owns 286,596 company shares. In a previous transaction on Dec 26, Renz Justin A sold 225,000 shares at 6.36 per share. ARDX shares that Chief Financial Officer owns now total 182,426.
Among the insiders who sold shares, Rosenbaum David P. disposed of 5,675 shares on Dec 18 at a per-share price of $6.07. This resulted in the Chief Development Officer holding 316,596 shares of ARDX after the transaction. In another insider transaction, Rosenbaum David P. sold 7,000 shares at $5.55 per share on Dec 14. Company shares held by the Chief Development Officer now total 322,271.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ARDX in the last 3 months, the mean price target is $12.50 with high estimates of $15.00 and low estimates of $11.00. In terms of 52-week highs and lows, ARDX has a high of $9.38 and a low of $2.67.
As of this writing, ARDX has an earnings estimate of -$0.1 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.14. The company reported an EPS of -$0.08 in the last quarter, which was 27.30% higher than expectations of -$0.11.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $52.82M in liabilities at the time. Its Book Value Per Share was $0.82, while its Total Shareholder’s Equity was $82.62M.
Analysts Opinion
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. 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.
