Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Ardelyx Inc’s current trading price is -43.53% away from its 52-week high, while its distance from the 52-week low is 66.76%. The stock’s price range during this period has varied between $3.43 and $10.13. The company, active in the Healthcare sector, saw a trading volume of around 3.88 million for the day, considerably higher average daily volume of 3.13 million observed over the last three months.
The market performance of Ardelyx Inc has been somewhat stable. Over the past year, the company’s stock achieved a high of $10.13 on 02/12/24, with the lowest value for the same timeframe being $3.43, recorded on 11/10/23.
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How Financial Performance Impacts Market Capitalization
Ardelyx Inc (ARDX) has experienced a quarterly rise of 3.06% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.35B and boasts a workforce of 267 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 5.98, with a change in price of -0.77. Similarly, Ardelyx Inc recorded 3,883,021 in trading volume during the last 100 days, posting a change of -11.86%.
How ARDX’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ARDX stands at 0.66. Similarly, the long-term debt-to-equity ratio is also 0.64.
ARDX Stock Stochastic Average
As of today, the raw stochastic average of Ardelyx Inc over the last 50 days is at 13.86%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 19.10%. Further, the company’s Stochastic %K and %D values for the last 20 days were 33.05% and 32.71%, respectively.
ARDX Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a loss of -7.74%.However, over the last six months, we can see a stronger performance of -38.56%. Over the last 30 days, the price of ARDX has leaped by -6.69%. And in the last five days, it has fallen by -4.83%.
