How to Buy Ardelyx Stock
Ardelyx Inc
Ardelyx, Inc. , a biopharmaceutical company, discovers, develops, and commercializes medicines to treat gastrointestinal and cardiorenal therapeutic areas in the United States and internationally.
Ardelyx stock last closed at $6.39, down 1.84% from the previous day, and has increased 35.38% in one year. It has overperformed other stocks in the Biotechnology industry by 0.59 percentage points. Ardelyx stock is currently +102.22% from its 52-week low of $3.16, and -36.92% from its 52-week high of $10.13.
There are currently 232.69M shares of ARDX outstanding. The market value of ARDX is $1.49B. In the past 24 hours, 3.82M ARDX shares were traded.
How to Buy Ardelyx Stock
Not sure how to invest in Ardelyx stock? Here's how.
- Figure out where to buy Ardelyx stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Ardelyx stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your investment account: Choose your method of payment and add your info.
- Analyze Ardelyx stock: The Ardelyx ticker symbol is ARDX. Is Ardelyx stock a good investment? Should you buy shares of ARDX? How do ARDX's underlying business fundamentals look? Do top analysts think Ardelyx is a good buy? Why has ARDX's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if ARDX is a good stock to buy).
- Execute your ARDX purchase: Decide if you will purchase ARDX shares at the current market price or use a limit order to buy ARDX shares at a particular price.
- Watch your ARDX position: Create a watchlist to get live updates on your new investment in Ardelyx stock.
Step 1: Figure out where to buy Ardelyx stock
You need an online brokerage account to access the NASDAQ market and buy ARDX shares.
Our favorite brokerage: eToro
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- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by creating an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal info so you can invest in ARDX stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to create your new brokerage account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've opened your account on stock market app, you need to deposit funds:
Watch the tutorial below if you need help transferring funds into your brokerage account.
Step 4: Analyze Ardelyx stock
Once you have chosen the best place to buy Ardelyx stock, it's important to analyze their stock before you buy, so you can understand the risk as well as the opportunity.
Ardelyx stock at a glance
Ardelyx Due Diligence Checks
WallStreetZen was created to help average investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on ARDX's stock page.
What is the fair value of ARDX stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge ARDX's intrinsic value.
Using relative valuations metrics:
- ARDX could be overvalued based on its P/B ratio of 8.91x, relative to Biotechnology industry P/B ratio of 5.93x
You can do more valuation research on ARDX's stock here.
ARDX Financials at a glance
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the ARDX balance sheet.
- ARDX has cash burn of 90061000. It has enough cash and short-term investments to cover this for at least one year.
- ARDX has $184.30M in cash and short term investments. This is sufficient to cover its annual cash burn of $90.06M.
- There are more short-term assets than long-term liabilities on the ARDX balance sheet.
Failed Health Checks:
- ARDX has a relatively high debt to equity ratio of 0.78.
- ARDX profit margin has gone up by 0.76 percentage points in the past year, but the company is still unprofitable.
- Total ARDX debt is higher than 5 years ago, relative to shareholder equity.
Is ARDX stock a Buy, Hold, or Sell, according to analysts?
Out of 6 sell side analysts who monitor ARDX, the consensus analyst rating on Ardelyx is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Latest ARDX Analyst Recommendations
Ed Arce, a top 27% analyst from HC Wainwright & Co. maintains ARDX with a buy rating and raises their ARDX price target from $9.00 to $11.00, on Nov 1, 2023.
You can dive deeper into what analysts are forecasting on the Ardelyx stock forecast page.
ARDX Momentum
Is ARDX Making Money?
Last year, ARDX revenue was $124.46M. Over the past 5 year, ARDX's revenue has increased by 116.66% per year. This was faster than the Biotechnology industry average of 28.88%.
Learn more about ARDX's earnings and revenue performance here.
Are ARDX executives and large shareholders buying or selling the stock?
In the past year, executives and large shareholders at ARDX have sold more shares than they have bought.
Michael Raab, President CEO of ARDX, was the latest ARDX insider to sell. They sold $52,920.00 worth of ARDX stock on Apr 15, 2024.
Dig into more about who owns ARDX stock here.
Does ARDX provide a stable income stream?
No, Ardelyx doesn't provide an income stream by paying out dividends.
ARDX Social Trading Data
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your ARDX purchase
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, use a limit order.
Hit the Open button and eToro will execute your order.
If you need more help with investing in stocks on eToro, watch the how to video below:
Step 6: Watch your ARDX position
Now that you own some ARDX shares, you'll want to stay up-to-date on your new investment.
Make a watchlist to get notified of the latest news about your ARDX stock.
ARDX Feed
How to Buy Stock in Ardelyx
To reiterate, here are the 6 steps for buying Ardelyx stock:
- Figure out where to buy Ardelyx stock
- Create your brokerage account
- Fund your investment account
- Analyze Ardelyx stock
- Execute your ARDX purchase
- Watch your ARDX position
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to track your new investment in Ardelyx, create a watchlist today.
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