Ardelyx, Inc. (NasdaqGM:ARDX) shares currently have a 125/250 day adjusted slope average of -2.62443. The Adjusted Slope 125/250d indicator is equal to the average annualized exponential regression slope, over the past 125 and 250 trading days, multiplied by the coefficient of determination (R2). This indicator is useful in helping find shares that have been on a consistent upward direction over the past six months to a year. Generally speaking, the higher the 125/250 value the better as this would indicate a consistent increase closely correlates to the actual stock price.
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Drilling down into some additional key near-term indicators we note that the Capex to PPE ratio stands at 0.040199 for Ardelyx, Inc. (NasdaqGM:ARDX). The Capex to PPE ratio shows you how capital intensive a company is. Stocks with an increasing (year over year) ratio may be moving to be more capital intensive and often underperform the market. Higher Capex also often means lower Free Cash Flow (Operating cash flow – Capex) generation and lower dividends as companies don’t have the cash to pay dividends if they are investing more in the business.
In addition to Capex to PPE we can look at Cash Flow to Capex. This ration compares a stock’s operating cash flow to its capital expenditure and can identify if a firm can generate enough cash to meet investment needs. Investors are looking for a ratio greater than one, which indicates that the firm can meet that need. Comparing to other firms in the same industry is relevant for this ratio. Ardelyx, Inc. (NasdaqGM:ARDX)’s Cash Flow to Capex stands at -190.933492.
In looking at some Debt ratios, Ardelyx, Inc. (NasdaqGM:ARDX) has a debt to equity ratio of 0.60507 and a Free Cash Flow to Debt ratio of -1.454094. This ratio provides insight as to how high the firm’s total debt is compared to its free cash flow generated. In terms of Net Debt to EBIT, that ratio stands at 0.97195. This ratio reveals how easily a company is able to pay interest and capital on its net outstanding debt. The lower the ratio the better as that indicates that the company is able to meet its interest and capital payments. Lastly we’ll take note of the Net Debt to Market Value ratio. Ardelyx, Inc.’s ND to MV current stands at -0.594332. This ratio is calculated as follows: Net debt (Total debt minus Cash ) / Market value of the company.
Investor Target Weight
Ardelyx, Inc. (NasdaqGM:ARDX) has a current suggested portfolio rate of 0.01940 (as a decimal) ownership. Target weight is the volatility adjusted recommended position size for a stock in your portfolio. The maximum target weight is 7% for any given stock. The indicator is based off of the 100 day volatility reading and calculates a target weight accordingly. The more recent volatility of a stock, the lower the target weight will be. The 3-month volatility stands at 52.525400 (decimal). This is the normal returns and standard deviation of the stock price over three months annualized.
Near-Term Growth Drilldown
Now we’ll take a look at some key growth data as decimals. One year cash flow growth ratio is calculated on a trailing 12 months basis and is a one year percentage growth of a firm’s cash flow from operations. This number stands at 0.77709 for Ardelyx, Inc. (NasdaqGM:ARDX). The one year Growth EBIT ratio stands at 0.81658 and is a calculation of one year growth in earnings before interest and taxes. The one year EBITDA growth number stands at 0.86034 which is calculated similarly to EBIT Growth with just the addition of amortization.
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Taking even a further look we note that the 1 year Free Cash Flow (FCF) Growth is at 0.81976. The one year growth in Net Profit after Tax is 0.88234 and lastly sales growth was -0.99352.
Ardelyx, Inc. (NasdaqGM:ARDX) of the Pharmaceuticals & Biotechnology sector closed the recent session at 2.580000 with a market value of $161509.
As the markets continue to charge to new heights, investors may be trying to calculate where the markets will be moving in the next few months. Many market enthusiasts will be monitoring the current round of company earnings reports. A better than expected earnings period may help give the stock market another boost to even greater levels. At this point in time, investors may be a bit more cautious with stock selection. With so many names near all-time highs, investors may need to crunch the numbers to evaluate which stocks are still a good buy even at current price levels. Investors may also want to zoom out to the sector level and see if they can determine which sectors may be poised to outperform the overall market coming in to the second part of the year. Investors may also be looking at the overall economic conditions and striving to gain a sense of whether everything will align to keeping the bull run going.