Ardelyx Inc (NASDAQ: ARDX) stock closed at $7.41 on 6/28/24 after a major increase of 14.0%. Moreover, this advance was accompanied by exceptionally high trading volume at 246% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 25.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, ARDX is expected to continue to be Value Creation neutral.
Ardelyx has a current Value Trend Rating of C (Neutral). 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 9 but a very high Power Rating of 98, with the Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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