Is Ardelyx Inc (NASDAQ: ARDX) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Ardelyx, Inc. Reports Employment Inducement Grants.

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Stocks Info

Ardelyx Inc is listed on the NASDAQ in the Healthcare sector while operating in the Biotechnology industry. At the end of the last regular session, the stock closed at $7.50 and fluctuated between $7.87 as its day high and $7.14 as its day low. The current market capitalization of Ardelyx Inc is $1.75B. A total of 7.83 million shares were traded on the day, compared to an average of 6.39M shares.

In the most recent transaction, RAAB MICHAEL sold 1,518 shares of ARDX for 7.31 per share on Apr 01 ’24. After the transaction, the President & CEO now owns 1,318,433 company shares. In a previous transaction on Mar 20 ’24, GRAMMER ELIZABETH A sold 86,000 shares at 7.73 per share. ARDX shares that the insider owns now total 312,993.

Among the insiders who sold shares, Rosenbaum David P. disposed of 5,183 shares on Feb 26 ’24 at a per-share price of $9.20. This resulted in the Chief Development Officer holding 175,936 shares of ARDX after the transaction. In another insider transaction, RAAB MICHAEL sold 22,917 shares at $8.75 per share on Feb 20 ’24. Company shares held by the President & CEO now total 1,319,951.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, ARDX has a high of $10.13 and a low of $3.16.

As of this writing, ARDX has an earnings estimate of -$0.14 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.11 per share and a lower estimate of -$0.23. The company reported an EPS of $0.03 in the last quarter, which was 127.30% higher than expectations of -$0.11.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $0.72, while its Total Shareholder’s Equity was $82.62M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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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