ARDX Ardelyx Options Ahead of Earnings If you haven`t bought ARDS before it went up 6X:
Then analyzing the options chain and the chart patterns of ARDX Ardelyx prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ARDX
ARDX Strong upgrade from a top financial firmARDX Ardelyx is a biopharmaceutical company that discovers, develops, and commercializes medicines to treat gastrointestinal and cardiorenal therapeutic areas in the US and internationally.
On 3/2/2022 Jefferies Financial Group Upgraded ARDX from Hold to Buy raising the price target from $1.00 to $5.00
This would be a 581% gain from the current level.
Looking forward to read your opinion about it.
730% upside stock according to CitigroupArdelyx , Inc. ARDX had one of the the highest the out of the money call options, due to the fact they plan to launch IBSRELA, the company's FDA approved treatment for irritable bowel syndrome with constipation (IBS-C) in adults, in the second quarter of 2022, that has a potential peak in revenue greater than 500mil per year.
Since ARDX’s Market Cap is only 191.663Mil, it has still a big upside potential. A decent 9X revenue means a potential 4.5 Billion market cap.
That`s why in the last 2 days we saw volumes higher than 100Mil.
Recently, on 11/30/2021, Yigal Nochomovitz from Citigroup Boosted the Price Target from Positive to Buy increasing the price target from $7.00 to $13.00.
The price of the stock is now 1.7usd.
My valuation is much higher!
I look forward to read your opinion about it.
ARDX 500mil Revenue Forecasts for a Penny Stock | The 10X call??Ardelyx, Inc. ARDX yesterday had one of the the highest the out of the money call options, due to the fact they plan to launch IBSRELA, the company's FDA approved treatment for irritable bowel syndrome with constipation (IBS-C) in adults, in the second quarter of 2022, that has a potential peak in revenue greater than 500mil per year.
Since ARDX’s Market Cap is only 191.663Mil, it has still a big upside potential. A decent 9X revenue means a potential 4.5 Billion market cap.
That`s why in the last 2 days we saw volumes higher than 100Mil.
Recently, on 11/30/2021, Yigal Nochomovitz from Citigroup Boosted the Price Target from Positive to Buy increasing the price target from $7.00 to $13.00.
The price of the stock is now 1.7usd.
My valuation is much higher!
I look forward to read your opinion about it.
ARDX Ardelyx FDA bad news. Last support for bounceThe FDA is unlikely to approve Ardelyx`s drug for dialysis patients.
Ardelyx received a letter from the FDA stating that deficiencies in the information provided had been found that would preclude discussion of approvals Ardelyx has sought.
The most likely target is the 1.6usd support line from which it can bounce up.
ARDX D1::BEST level to BUY 100% gains (SWING)(STOCKS)Why get subbed to to me on Tradingview?
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-Supply/Demand Zones
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ARDX D1::BEST level to BUY 100% gains (SWING)(STOCKS)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more short-term
losses before reversal (BULLS).
🔸 Summary and potential trade setup
::: ARDX daily/candle chart chart overview
::: strong bullish chart accumulation
::: buying near range lows makes sense now
::: 100% gains BUY/HOLD setup
::: best reload BULLS is 3.80-4.40 USD
::: TP1 Bulls is 50% gains
::: TP2 Bulls is 100%+ gains
::: targets based on measured move
::: just buy/hold it and get paid
::: 100%+ gains on BUY SIDE medium-term
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BULLS/reversal/accumulation
::: Sentiment outlook short-term: BEARS
ARDX - Perfect Retracement - Bullish Momentum Ardelyx, Inc. is a biopharmaceutical company, which engages in the research, development and commercialization of medicine for the treatment of renal diseases. It focuses on the formulation of programs directed toward treating gastrointestinal and irritable bowel syndrome with constipation. Its product portfolio includes tenapanor, which is an experimental medication that works exclusively in the gut and is in late-stage clinical development. The company was founded by Dominique Charmot, Peter G. Schultz, and Jean M. Frechet on October 17, 2007 and is headquartered in Fremont, CA.
P/E Current
-1.32
P/E Ratio (with extraordinary items)
-1.30
SHORT INTEREST
414.63K 07/31/19
Average Recommendation: BUY
Average Target Price: 10.75
ARDX - Fallen angel pattern Long from $5.17 to $7.23ARDX seems forming a nice fallen angel formation. It had huge of insider buying. We think it has very good upside potential.
* Trade Criteria *
Date First Found- June 22, 2017
Pattern/Why- Fallen angel pattern
Entry Target Criteria- Break of $5.17
Exit Target Criteria- $7.23
Stop Loss Criteria- $4.73
Please check back for Trade updates. (Note: Trade update is little delayed here.)
$ARDX (D) Early. On watch, pending additional bullish support.Some insider buying this past week. Hard to tell other than the minor increase of SMA50 (Red SMA). RSI gradually increasing, OBV still strong. MACD making higher lows.
Conservative approach: Before dipping in, at least wait till SMA50 (Red MA) begins a positive slope. Otherwise you may end up trying to 'catch a falling knife' with others.
Obey your rules.