Ardelyx Inc saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $10.13 on 02/12/24, while the lowest price for the same duration was marked at $3.16 on 10/13/23.
52-week price history of ARDX Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Ardelyx Inc’s current trading price is -15.66% away from its 52-week high, while its distance from the 52-week low is 170.38%. The stock’s price range during the 52-week period has remained between $3.16 and $10.13. In the Healthcare sector, the company’s shares saw a trading volume of around 1.73 million for the day, which was evidently lower than the average daily volume of 6.62 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Ardelyx Inc (ARDX) has experienced a quarterly rise of 63.37% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.99B and boasts a workforce of 267 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 6.66, with a change in price of +5.15. Similarly, Ardelyx Inc recorded 6,611,413 in trading volume during the last 100 days, posting a change of +149.42%.
Examining ARDX’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for ARDX stands at 0.34. Similarly, the long-term debt-to-equity ratio is also 0.31.
ARDX Stock Stochastic Average
Ardelyx Inc’s raw stochastic average for the past 50 days is presently 63.78%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 26.65%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 23.43% and 32.52%, respectively.
ARDX Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Year to date metric has recorded a gain of 37.81%.However, over the last six months, we can see a weaker performance of 80.64%. Over the last 30 days, the price of ARDX has leaped by -12.28%. And in the last five days, it has fallen by -10.91%.
