Ardelyx Inc (NASDAQ:ARDX) price on Thursday, May 01, fall -0.64% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.47.
A look at the stock’s price movement, the close in the last trading session was $5.51, moving within a range at $5.3902 and $5.645. The beta value (5-Year monthly) was 0.81. Turning to its 52-week performance, $9.33 and $4.02 were the 52-week high and 52-week low respectively. Overall, ARDX moved 14.20% over the past month.
Ardelyx Inc’s market cap currently stands at around $1.30 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ARDX is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 7 recommend ARDX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ARDX’s current price about 13.75% and 7.87% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.11, while 7-day volatility ratio is 5.31% and 6.59% in the 30-day chart. Further, Ardelyx Inc (ARDX) has a beta value of 0.76, and an average true range (ATR) of 0.29. Analysts have given the company’s stock an average 52-week price target of $11, forecast between a low of $8 and high of $14. Looking at the price targets, the low is -46.25% off current price level while to achieve the yearly target high, price needs to move -155.94%. Nonetheless, investors will most likely welcome a -101.1% jump to $11 which is the analysts’ median price.
If we refocus on Ardelyx Inc (NASDAQ:ARDX), historical trading data shows that trading volumes averaged 4.88 over the past 10 days and 4.34 million over the past 3 months. The company’s latest data on shares outstanding shows there are 238.02 million shares.
The 3.26% of Ardelyx Inc’s shares are in the hands of company insiders while institutional holders own 63.69% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 30.19 million on 2025-04-15, giving us a short ratio of 5.5. The data shows that as of 2025-04-15 short interest in Ardelyx Inc (ARDX) stood at 1438.0 of shares outstanding, with shares short falling to 30.36 million registered in 2025-03-14. Current price change has pushed the stock 7.89% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ARDX stock continues to rise going into the next quarter.
