Is Ardelyx Inc (NASDAQ: ARDX) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Ardelyx Inc is $1.40B. A total of 2.69 million shares were traded on the day, compared to an average of 4.27M shares.

In the most recent transaction, MICHAEL G. RAAB bought 35,000 shares of ARDX for 5.61 per share on Sep 11 ’24. In a previous transaction on Aug 27 ’24, RAAB MICHAEL sold 7,500 shares at 6.22 per share. ARDX shares that President & CEO owns now total 1,219,509.

Among the insiders who bought shares, MICHAEL G. RAAB acquired of 7,500 shares on Aug 27 ’24 at a per-share price of $6.22. In another insider transaction, SUSAN RODRIGUEZ bought 72,612 shares at $6.37 per share on Aug 26 ’24.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, ARDX has a high of $10.13 and a low of $3.16.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $0.62, while its Total Shareholder’s Equity was $82.62M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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 4.80.

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