Saturday, June 25, 2022

Ardelyx Inc. [ARDX] stock for 28,574 USD was sold by Rodriguez Susan

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ardelyx Inc. shares valued at $28,574 were sold by Rodriguez Susan on Jun 06. At $0.65 per share, Rodriguez Susan sold 43,920 shares. The insider’s holdings dropped to 289,593 shares worth approximately $0.18 million following the completion of this transaction.

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Also, Renz Justin A sold 73,312 shares, netting a total of over 47,696 in proceeds. Following the sale of shares at $0.65 each, the insider now holds 262,047 shares.

Before that, GRAMMER ELIZABETH A had sold 60,821 shares from its account. In a trade valued at $39,569, the insider traded Ardelyx Inc. shares for $0.65 each. Upon closing the transaction, the insider’s holdings decreased to 60,821 shares, worth approximately $0.16 million.

As published in a research note from Cantor Fitzgerald on May 06, 2022, Ardelyx Inc. [ARDX] has been rated down from an Overweight to a Neutral and the price target has been revised to $1 from $7. This represents a 39.0% premium over Wednesday’s closing price. Analysts at Ladenburg Thalmann upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early December. As of October 14, 2021, Ladenburg Thalmann has decreased its “Buy” rating to a “Neutral” for ARDX. Earlier on July 21, 2021, Jefferies downgraded its rating. Their new recommendation was “a Hold” for ARDX stock which previously was a “a Buy”.

Analyzing ARDX’s Price Performance

On Wednesday, Ardelyx Inc. [NASDAQ: ARDX] rose 5.86% to $0.61. The stock’s lowest price that day was $0.551, but it reached a high of $0.635 in the same session. During the last five days, there has been a surge of approximately 20.37%. Over the course of the year, Ardelyx Inc. shares have dropped approximately -44.18%. Shares of the company reached a 52-week high of $1.3800 on 04/04/22 and a 52-week low of $0.4902 on 06/16/22. A 50-day SMA is recorded $0.7136, while a 200-day SMA reached $0.9867. Nevertheless, trading volume fell to 3.58 million shares from 5.82 million shares the previous day.

Support And Resistance Levels for Ardelyx Inc. (ARDX)

According to the 24-hour chart, there is a support level at 0.5650, which, if violated, would cause prices to drop to 0.5160. In the upper region, resistance lies at 0.6490. The next price resistance is at 0.6840. RSI (Relative Strength Index) is 47.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0207, which suggests the price will decrease in the coming days. Percent R is at 53.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Which companies own the most shares of Ardelyx Inc. (ARDX)?

According to BlackRock Fund Advisors filings, the company currently owns 5,206,142 shares, which is about 3.82% of the total ARDX shares outstanding. The investor’s shares have appreciated by 54,256 from its previous 13-F filing of 5151886.0 shares. With the completion of the transaction, Great Point Partners LLC’s stake is now worth $3,123,810. The Vanguard Group, Inc. reduced a -11.21% interest valued at $2.48 million while AIGH Capital Management LLC purchased a 712,795 stake. A total of 0 shares of Ardelyx Inc. were bought by Solas Capital Management LLC during the quarter, and 139,484 were bought by SSgA Funds Management, Inc. In its current portfolio, Pekin Hardy Strauss, Inc. holds 1,733,140 shares valued at $1.14 million.

In terms of Ardelyx Inc. share price expectations, FactSet research, analysts set an average price target of $4.67 in the next 12 months, up nearly 589.66% from the previous closing price of $0.58. Analysts anticipate Ardelyx Inc. stock to reach $12.00 by 2022, with the lowest price target being $1.00. In spite of this, 7 analysts ranked Ardelyx Inc. stock as an Overweight at the end of 2022. On July 20, 2021, Wedbush assigned a price target of “a Neutral” to the stock and downgraded coverage with a $3.

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