Ardelyx Inc (NASDAQ: ARDX): Moving Toward A Higher Share Price

AMAT

Ardelyx Inc (NASDAQ:ARDX) shares, rose in value on Wednesday, March 26, with the stock price down by -2.89% to the previous day’s close as strong demand from buyers drove the stock to $5.04.

Actively observing the price movement in the last trading, the stock closed the session at $5.19, falling within a range of $4.95 and $5.185. The value of beta (5-year monthly) was 0.869. Referring to stock’s 52-week performance, its high was $9.33, and the low was $4.32. On the whole, ARDX has fluctuated by -2.70% over the past month.

With the market capitalization of Ardelyx Inc currently standing at about $1.20 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-19.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 375.03M, with a low estimate of 71.6M and a high estimate of 86.68M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 79.4M.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ARDX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the price of ARDX currently trading nearly -5.38% and -6.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.04, while the 7-day volatility ratio is showing 5.90% which for the 30-day chart, stands at 5.27%. Furthermore, Ardelyx Inc (ARDX)’s beta value is 0.79, and its average true range (ATR) is 0.29.

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 -2.89% in last session, and over the past year, it shrunk by -34.55%%.

Data on historical trading for Ardelyx Inc (NASDAQ:ARDX) indicates that the trading volumes over the past 10 days have averaged 4.24 and over the past 3 months, they’ve averaged 4.18 million. According to company’s latest data on outstanding shares, there are 238.02 million shares outstanding.

Nearly 3.27% of Ardelyx Inc’s shares belong to company insiders and institutional investors own 63.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 30.36 million shares as on 2025-03-14, resulting in a short ratio of 8.35. According to the data, the short interest in Ardelyx Inc (ARDX) stood at 1447.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 27.9 million. The stock has fallen by -0.59% 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.

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