Birds Eye View Technical Analysis forArdelyx, Inc. (NASDAQ:ARDX)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Ardelyx, Inc. (NASDAQ:ARDX) for the period of 9-Day stands at 16.43% while the stochastic %D for the same period stands at 35.91%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Ardelyx, Inc. (NASDAQ:ARDX) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Ardelyx, Inc. (NASDAQ:ARDX) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Ardelyx, Inc. (NASDAQ:ARDX)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Ardelyx, Inc. is a clinical-stage biopharmaceutical company. It discovers, develops and commercializes small molecule therapeutics that work in the gastrointestinal tract to treat cardio-renal, GI and metabolic diseases. The Company’s lead product candidate is Tenapanor which is in three ongoing Phase II clinical trials for the treatment of patients with ESRD-HD and chronic kidney disease, as well as for constipation-predominant irritable bowel syndrome. Ardelyx, Inc. is headquartered in Fremont, California.

Previous Day Activity Analysis

On the last trading day, Ardelyx, Inc. (NASDAQ:ARDX) opened the session at $5.65 and after going down -1.82% closed at $5.4. The stock lost -0.25 points in the last trade.

Ardelyx, Inc. (NASDAQ:ARDX)’s stock fluctuated in the range of $5.35 and $5.95 during the previous active session. Ardelyx, Inc. (NASDAQ:ARDX) traded with the volume of 1.86 Million with average volume of 812.98 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 0.31 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.67 and 46.36 respectively.

Currently the Insider Ownership of the shares of Ardelyx, Inc. (NASDAQ:ARDX) is at 1.1% and the shares outstanding are 50.87 Million.

Important Ratio Analysis

Some important ratios to consider here for Ardelyx, Inc. (NASDAQ:ARDX) are discussed below:

The Price to Sale P/S and Price to Book P/B shows the value of 0 and 1.76 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 1.85 and 0 correspondingly.

The Quick Ratio of Ardelyx, Inc. (NASDAQ:ARDX) stands at 8.4 while the Current Ratio depicts the value of 8.4.

Return on Assets ROA of Ardelyx, Inc. (NASDAQ:ARDX) is at -56.6% whereas, Return on Equity ROE and Return of Investment ROI of Ardelyx, Inc. (NASDAQ:ARDX) stand at -62.6% and 0% respectively.

Stock Performance Analysis

The stock performance of Ardelyx, Inc. (NASDAQ:ARDX) on the basis of 5 day trade show the jump of 0% whereas, the monthly performance of the stock shows decrease of -3.57%.

The quarterly performance of the stock remained in red zone with the value of -1.82% while six month performance of the shares of Ardelyx, Inc. (NASDAQ:ARDX) remained bearish with the count of -57.14%.

The yearly and YTD performance of Ardelyx, Inc. (NASDAQ:ARDX) remained down at -59.25% and -61.97% respectively.