On 12/20/23, Ardelyx Inc (NASDAQ: ARDX) stock suffered a major decline of -10.5%, closing at $5.94. Moreover, trading volume in this decline was unusually high at 159% of normal. The stock has been strong relative to the market over the last nine months and has risen 13.1% during the last week.
Current PriceTarget Research Rating
ARDX’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Ardelyx has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Ardelyx has a very low Appreciation Score of 2 but a slightly positive Power Rating of 68, producing the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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