Ardelyx, Inc. | ARDX

Daily Technical Analysis of Ardelyx, Inc.

Ardelyx is up a bit on the day, funds flowing in kept the price up 1.88% since yesterday. It looks like ARDX may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line ARDX is near a weak support line. We'll see if it bounces off or heads lower. ARDX hasn't established a very clear directional momentum over the last few months. So it's not clear if it has the energy to get a very good bounce at this point or not.

If we get a reversal off of support and Ardelyx starts moving up, it can probably get to $5.66 at which point it'll need to break through that resistance level in order to keep moving higher. If it punches through this support level, it can easily push down to $4.07 where it may meet further support, hopefully it can consolidate around that point.

Analyst Ratings for Ardelyx By Price Target And Rating

The analysts are pretty neutral on Ardelyx right now, so not much useful information here. The current Analysts Sentiment Score is 4.92. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-04-05 SVB Leerink started covering Ardelyx with a rating of Outperform and they set their price target at $14.00.Leerink Partnrs reiterated a rating of Outperform on 2024-04-05. On 2024-02-23 there was confirmation of the previous rating by Wedbush which was Outperform and provided a price target of $13.00. Piper Sandler gave a boost to their price target and moved to $15.00 from $12.00 on 2024-02-23. Cantor Fitzgerald announced that they are reiterating a rating of Overweight on 2024-01-12. On 2024-01-10 Citigroup increased their price target by 55.56% to $14.00. Raymond James gave a boost to their price target and moved to $15.00 from $12.00 on 2024-01-09. HC Wainwright gave a boost to their price target and moved to $11.00 from $9.00 on 2023-11-01. LADENBURG THALM/SH SH provided a price target boost of 13.33% to $8.50 from $7.50 on 2023-08-03.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Ardelyx

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Ardelyx

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.