Ardelyx Inc (NASDAQ:ARDX) shares, rose in value, on Thursday, July 18, with the stock price down by -3.22% to the previous day’s close as strong demand from buyers drove the stock to $5.57.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.75. Referring to stock’s 52-week performance, its high was $10.13, and the low was $3.16. On the whole, ARDX has fluctuated by -11.53% over the past month.
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The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ARDX currently trading nearly -7.20% and -18.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.00, while the 7-day volatility ratio is showing 5.85% which for the 30-day chart, stands at 7.10%. Furthermore, Ardelyx Inc (ARDX)’s beta value is 0.80, and its average true range (ATR) is 0.43.
A comparison of Ardelyx Inc (ARDX) with its peers suggests the former has fared considerably weaker in the market. ARDX showed an intraday change of -3.22% in today’s session so far, and over the past year, it grew by 59.00%%.
Data on historical trading for Ardelyx Inc (NASDAQ:ARDX) indicates that the trading volumes over the past 3 months, they’ve averaged 5.16 million. According to company’s latest data on outstanding shares, there are 232.45 million shares outstanding.
Nearly 3.71% of Ardelyx Inc’s shares belong to company insiders and institutional investors own 60.36% of the company’s shares. The stock has fallen by -10.24% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ARDX stock heading into the next quarter.