ARDX

Ardelyx, Inc.
NasdaqGMUSDEQUITY Healthcare DELAYED
Last price
3.30
▼ 0.09 (2.65%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
3.39
Prev close
3.39
Day high
3.41
Day low
3.23
Volume
5.82M
Market cap
$854.60M
P/E (TTM)
—
52W range
3.23 – 8.40

Day trading desk

Current session · delayed
Gap from prior close
-0.00%
Prior close 3.39
VWAP
3.30
-0.02% from price
Relative volume
3.00×
Unusually busy
Session range
6.79%
3.23 – 3.45
Position in range
32%
Mid range
ATR (14D)
0.13
3.82% of price
Prior day high
3.42
PDH
Prior day low
3.28
PDL
Bid / ask spread
—
Quote not published
Session volume
12.14M
Avg 4.04M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
-2.36% -4.3%
1M
-12.43% -13.6%
3M
-39.04% -43.6%
6M
-44.37% -62.6%
YTD
-43.22% -57.5%
1Y
-37.07% -53.5%
3Y
-18.87% -101.1%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on ARDX open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
-128.79K
Net selling
Buy transactions
12
332.15K shares
Sell transactions
21
460.93K shares
Net transactions
+33
Buys less sells
Sell : buy shares
1.4 : 1
Mixed
Insider-held shares
7.57M
Total on file
Bought 332.15KSold 460.93K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Aug 21, 26
BISHOP JOHN E
Chief Technology Officer
SELL 19.75K $76.17K Direct
Aug 21, 26
RAAB MICHAEL G
Chief Executive Officer
SELL 58.57K $225.91K Direct
Aug 21, 26
WILLIAMS LAURA A
Officer
SELL 10.74K $41.42K Direct
Aug 21, 26
KELLIHER MICHAEL
Officer
SELL 7.76K $29.92K Direct
Aug 21, 26
FOSTER ERIC DUANE
Officer
SELL 8.56K $33.02K Direct
Aug 21, 26
BRADY JAMES PARKER
Officer
SELL 15.14K $58.38K Direct
Aug 21, 26
HOHENLEITNER SUSAN
Chief Financial Officer
SELL 1.56K $6.01K Direct
Jul 15, 26
RAAB MICHAEL G
Chief Executive Officer
SELL 41.67K $210.92K Direct
Jul 15, 26
RAAB MICHAEL G
Chief Executive Officer
CONVERSION 20.83K $20.63K Direct
Jun 18, 26
WILLIAMS LAURA A
Officer
SELL 81.90K $490.49K Direct
Jun 18, 26
WILLIAMS LAURA A
Officer
CONVERSION 31.00K $30.69K Direct
Jun 16, 26
BERTRAND WILLIAM C JR
Director
STOCK 38.80K $0 Direct
Jun 16, 26
RODGERS RICHARD J.
Director
STOCK 26.45K $0 Direct
Jun 16, 26
BAZEMORE ROBERT B
Director
STOCK 26.45K $0 Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
BERTRAND WILLIAM C JR
Director 329.51K Stock Award(Grant)
BISHOP JOHN E
Chief Technology Officer 317.10K Sale
FOSTER ERIC DUANE
Officer 409.41K Sale
KELLIHER MICHAEL
Officer 349.66K Sale
MOTT DAVID M
Director 3.35M Stock Award(Grant)
RAAB MICHAEL G
Chief Executive Officer 1.65M Sale
RENZ JUSTIN ANDREW
Chief Financial Officer 409.05K Sale
RODGERS RICHARD J.
Director 440.00K Stock Award(Grant)
ROSENBAUM DAVID PAUL
Officer — Sale
WILLIAMS LAURA A
Officer 367.46K Sale

Fundamentals

TTM · reported
Market cap$854.60M
Enterprise value$825.49M
Revenue (TTM)$450.89M
Gross profit$338.28M
EBITDA$-32.11M
Net income$-55.70M
EPS (TTM)$-0.23
Free cash flow$20.47M
Total cash$281.83M
Total debt$282.51M
Book value / share$0.60
Shares outstanding258.19M
Float210.66M
Short % of float10.13%
Dividend yield0.00%
Beta (5Y)0.68

Valuation & profitability ratios

Account required
Trailing P/E—
Forward P/E11.39
PEG ratio—
Price / sales—
Price / book5.54
EV / revenue1.83
EV / EBITDA-25.71
Gross margin75.02%
Operating margin-10.28%
Profit margin-12.35%
Return on equity-38.61%
Return on assets-4.25%
Debt / equity189.59
Current ratio3.34
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 5 years · 5 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $407.32M$333.62M$124.46M$52.16M +22.1%
Operating revenue $407.32M$333.62M$124.46M$52.16M +22.1%
Cost of revenue $39.54M$50.56M$17.80M$4.12M -21.8%
Gross profit $367.78M$283.06M$106.66M$48.04M +29.9%
Research & development $71.53M$52.32M$35.54M$35.20M +36.7%
Selling, general & admin $337.23M$258.69M$134.40M$76.60M +30.4%
Total operating expense $408.76M$311.01M$169.94M$111.80M +31.4%
Operating income -$40.98M-$27.95M-$63.28M-$63.76M -46.6%
Net interest income -$28.40M-$20.09M-$8.87M-$5.07M -41.3%
Pre-tax income -$60.63M-$38.87M-$65.52M-$67.20M -56.0%
Tax provision $969.00K$266.00K$547.00K$8.00K +264.3%
Net income -$61.60M-$39.14M-$66.07M-$67.21M -57.4%
Net income to common -$61.60M-$39.14M-$66.07M-$67.21M -57.4%
Basic EPS -0.26-0.17-0.30-0.42 -52.9%
Diluted EPS -0.26-0.17-0.30-0.42 -52.9%
EBIT -$32.23M-$18.78M-$56.65M-$62.13M -71.7%
EBITDA -$29.17M-$16.71M-$55.35M-$60.98M -74.6%
Basic shares 241.03M235.23M219.33M158.69M +2.5%
Diluted shares 241.03M235.23M219.33M158.69M +2.5%

Options analytics

Account required
Put / call volume
0.35
Call-heavy session
Put / call open interest
0.19
Positioning, not flow
Max pain
9.00
+171.9% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
286
Contracts, this expiry
Put volume
99
Contracts, this expiry
Heaviest call OI
11.00
25 contracts
Heaviest put OI
9.00
5 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 -0.05-0.07 -41.4%
Mar 2026 -0.14-0.15 -5.0%
Dec 2025 0.010.00 -100.0%
Sep 2025 -0.070.00 +100.0%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter -0.02 8 $129.03M +17.0%
Next quarter 0.04 8 $144.33M +15.3%
Current year -0.19 8 $488.72M +20.0%
Next year 0.29 8 $624.07M +27.7%

Analyst targets & ownership

Account required
Mean target$12.90
High target$18.00
Low target$8.00
Implied upside290.91%
Analyst count10
ConsensusSTRONG BUY
Strong buy / Buy1 / 10
Hold0
Sell / Strong sell0 / 0
Held by insiders3.04%
Held by institutions73.23%
Institutions holding329
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
3.40
-2.91% from price
SMA 20
3.46
-4.36% from price
SMA 50
3.89
-14.83% from price
SMA 100
4.76
-30.68% from price
SMA 200
5.61
-41.00% from price
EMA 12
3.41
-3.36% from price
EMA 26
3.57
-7.51% from price
EMA 50
3.92
-15.74% from price
RSI (14)
31.9
Neutral
MACD (12,26,9)
-0.15
Hist 0.02
ATR (14)
0.13
3.80% of price
Realised vol 30D
28.5%
Annualised
Bollinger upper
3.69
20, 2σ
Bollinger lower
3.23
20, 2σ
50 / 200 cross
Death
3.89 vs 5.61
Trend bias
Below 200
-41.00%

Options chain

Account required
Expiry
Spot 3.30
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
0.83
Less volatile than market
Correlation to SPY
0.18
Largely independent
Realised vol 30D
28.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-58.6%
Peak to trough
Max drawdown 5Y
-70.0%
Peak to trough
ATR 14
0.13
3.80% of price
Beta (reported)
0.68
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
25.60M
Prior 22.43M
Change vs prior
+14.1%
Shorts adding
% of float
10.13%
Elevated
% of shares out
9.92%
Against total outstanding
Days to cover
6.6
Crowded exit
Float
210.66M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

93 on file
DateFirm ActionFromTo
Aug 19, 26 Wedbush MAINTAINED Outperform Outperform
Aug 18, 26 Wedbush MAINTAINED Outperform Outperform
Aug 17, 26 Piper Sandler MAINTAINED Overweight Overweight
Aug 10, 26 Citigroup MAINTAINED Buy Buy
Aug 7, 26 TD Cowen MAINTAINED Buy Buy
Aug 7, 26 BTIG MAINTAINED Buy Buy
Feb 23, 26 Wedbush MAINTAINED Outperform Outperform
Feb 20, 26 HC Wainwright & Co. MAINTAINED Buy Buy
Feb 20, 26 BTIG MAINTAINED Buy Buy
Jan 29, 26 BTIG MAINTAINED Buy Buy
Jan 21, 26 Wedbush MAINTAINED Outperform Outperform
Jan 9, 26 Citigroup MAINTAINED Buy Buy

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio—
Ex-dividend date—
Next pay date—
Last split—
Split date—

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.