If you are wondering whether Ardelyx shares still offer value at around US$7.80, you are not alone. The recent price action has put the stock firmly on many watchlists.
The share price sits at US$7.80 after returns of 15.6% over 7 days, 35.9% over 30 days, 26.8% year to date, 42.6% over 1 year and a very large gain over 3 years, with 12.1% over 5 years also adding context.
Recent headlines around Ardelyx have focused on its position in the pharmaceuticals and biotech space and ongoing interest in its product portfolio and partnerships. This helps explain why the stock has been active lately. This backdrop matters because investors are not only reacting to news flow, they are also constantly reassessing what they are willing to pay for…
