Ardelyx Inc (NASDAQ:ARDX) shares, rose in value, with the stock price up by 0.63% to the previous day’s close as strong demand from buyers drove the stock to $6.43.
Actively observing the price movement in the last trading, the stock closed the session at $6.39. 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 -16.49% over the past month.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ARDX currently trading nearly -8.68% and -20.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.56, while the 7-day volatility ratio is showing 4.21% which for the 30-day chart, stands at 5.34%. Furthermore, Ardelyx Inc (ARDX)’s beta value is 0.86, and its average true range (ATR) is 0.37.
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 0.63% in last session, and over the past year, it grew by 36.23%%.
Data on historical trading for Ardelyx Inc (NASDAQ:ARDX) indicates that the trading volumes over the past 3 months, they’ve averaged 5.49 million. According to company’s latest data on outstanding shares, there are 232.45 million shares outstanding.
Nearly 3.86% of Ardelyx Inc’s shares belong to company insiders and institutional investors own 59.67% of the company’s shares. The stock has risen by 3.71% 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.
