Raymond James gives a Strong buy recommendation for Ardelyx Inc (ARDX)

Daniel Torres

In a filing, Ardelyx Inc revealed its insider GRAMMER ELIZABETH A unloaded Company’s shares for reported $33194.0 on Nov 21 ’25. In the deal valued at $5.54 per share,5,995 shares were sold. As a result of this transaction, GRAMMER ELIZABETH A now holds 299,895 shares worth roughly $1.74 million.

Then, RAAB MICHAEL sold 46,887 shares, generating $259,609 in total proceeds. Upon selling the shares at $5.54, the President & CEO now owns 1,455,363 shares.

Before that, Kelliher Mike sold 5,560 shares. Ardelyx Inc shares valued at $30,785 were divested by the insider at a price of $5.54 per share. As a result of the transaction, Kelliher Mike now holds 271,181 shares, worth roughly $1.57 million.

Raymond James also remained covering ARDX and has decreased its forecast on May 02, 2025 with a “an Outperform” recommendation from previously “Strong buy” rating.

Price Performance Review of ARDX

On Friday, Ardelyx Inc [NASDAQ:ARDX] saw its stock fall -2.19% to $5.8. Over the last five days, the stock has gained 4.50%. Ardelyx Inc shares have risen nearly 10.48% since the year began. Nevertheless, the stocks have risen 14.40% over the past one year. While a 52-week high of $6.78 was reached on 09/11/25, a 52-week low of $3.21 was recorded on 05/15/25.

Levels Of Support And Resistance For ARDX Stock

The 24-hour chart illustrates a support level at 5.71, which if violated will result in even more drops to 5.61. On the upside, there is a resistance level at 5.95. A further resistance level may holdings at 6.09.

How much short interest is there in Ardelyx Inc?

A steep rise in short interest was recorded in Ardelyx Inc stocks on 2025-11-14, dropping by -0.54 million shares to a total of 18.57 million shares. Yahoo Finance data shows the prior-month short interest on 2025-10-15 was 19.11 million shares. There was a decline of -2.93%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on March 04, 2025 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $14 price target.

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