Ardelyx Inc (NASDAQ: ARDX) stock enjoyed a major increase of 32.8% on 1/8/24. The shares closed at $8.18. Moreover, this advance was accompanied by exceptionally high trading volume at 441% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 27.4% during the last week.
Current PriceTarget Research Rating
ARDX is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Ardelyx has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Ardelyx has a very low Appreciation Score of 2 but a very high Power Rating of 85, leading to the Negative Value Trend Rating.
Rating Review
In light of this very positive 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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