Is Ardelyx Inc (NASDAQ: ARDX) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Ardelyx Inc is listed on the NASDAQ in the Healthcare sector while operating in the Biotechnology industry. The current market capitalization of Ardelyx Inc is $1.61B. A total of 1.81 million shares were traded on the day, compared to an average of 3.53M shares.

In the most recent transaction, Rosenbaum David P. sold 49,564 shares of ARDX for 6.92 per share on Sep 27 ’24. After the transaction, the Chief Development Officer now owns 301,946 company shares. In a previous transaction on Sep 27 ’24, DAVID P ROSENBAUM bought 49,564 shares at 6.36 per share.

Among the insiders who sold shares, RAAB MICHAEL disposed of 3,000 shares on Sep 26 ’24 at a per-share price of $6.07. This resulted in the President & CEO holding 1,217,608 shares of ARDX after the transaction. In another insider transaction, MICHAEL G. RAAB bought 3,000 shares at $6.07 per share on Sep 26 ’24.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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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