How to Buy Ardelyx Stock [2024] | Invest in ARDX

Summary: Ardelyx, a biopharmaceutical company, is publicly traded on the NASDAQ Exchange under the ticker ARDX. To buy Ardelyx stock, we recommend using Interactive Brokers, a reputable online trading platform.

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About Ardelyx

Ardelyx’s pipeline products include:

• Tenapanor: Designed for treating patients with irritable bowel syndrome with constipation;
• XPHOZAH: Phase III clinical trial stage. Aims to control serum phosphorus in adult patients with chronic kidney disease (CKD) on dialysis, known as hyperphosphatemia;
• RDX013: A potassium secretagogue for treating elevated serum potassium, or hyperkalemia, found in certain patients with kidney and/or heart disease;
• RDX020: Developed for adult patients with metabolic acidosis, a serious electrolyte disorder.

Ardelyx has successfully secured agreements with prominent pharmaceutical companies such as AstraZeneca (NASDAQ: AZN), Kyowa Kirin (TYO: 4151), Fosun Pharma (SSE: 600196), and Knight Therapeutics, Inc. (TSX: GUD) for the development and commercialization of tenapanor.

Ardelyx is listed on the Nasdaq Exchange under the stock symbol ARDX. 

How to buy Ardelyx stock? Step-by-step process

Follow these four steps to purchase Ardelyx stock:

Step 1: Choose a broker

To invest in Ardelyx stock, start by selecting a reliable online broker. In our evaluation, Interactive Brokers stands out as an excellent choice for investing in ARDX, offering:

• Commission-free stock trading;
• Global stock-trading on 90+ market centers;
• Fractional shares available;
• Extra income on fully paid shares;
• Lowest financing rates for margin accounts in the industry;
• No account minimum. 

Best Platform for Worldwide Stock Trading & Investing

• Highly trusted multi-asset broker with clients in over 200 countries

• Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)

• Low commissions starting at $0 with no platform fees or account minimums

• Easily fund your account and trade assets in 26 currencies

• IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

Get Started

To explore the pharmaceutical sector with reduced risk and avoid the inherent volatility associated with pharma penny stocks, consider investing in established pharmaceutical companies or big pharma instead. 

Here are a few industry giants worth your consideration:

• Pfizer (NYSE: PFE);
• AbbVie (NYSE: ABBV);
• Novartis (NYSE: NVS);
• Merck (NYSE: MRK);
• GSK (NYSE: GSK);
• Roche (SIX: ROG);
• Novo Nordisk (NYSE: NVO);
• Johnson & Johnson (NYSE: JNJ). 

How to choose the best online broker?

When assessing brokers, take into account the following factors:

• Available products: Ensure they provide access to the NASDAQ and, in particular, ARDX; 
• Pricing: Understand the fee layout and watch out for hidden charges;
• Regulatory and security: Confirm they’re regulated by the relevant financial bodies and have appropriate measures in place to protect your data and funds; 
• Fractional shares: Verify the broker allows fractional share trading to buy stock by the dollar amount.

Step 2: Open and fund your account

Once you’ve chosen your broker, register on their platform. After your account gets approved, you can fund it using your preferred method: bank transfer, credit card, or even PayPal.

Step 3: Place your order and buy Ardelyx stock

To invest in Ardelyx stock:

• Search for Ardelyx by its ticker symbol ARDX;
• Determine your order type (market order for an immediate purchase or limit order at a specific price);
• Specify your investment amount in dollars or the number of shares;
• Review all details meticulously before confirming the transaction.

Step 4: Monitor your investment

Here are some best practices for keeping an eye on your investment in Ardelyx:

• Activate alerts for Ardelyx stock price changes on your broker’s platform;
• Stay updated with Ardelyx’s official announcements, earnings reports, and press releases through their investor relations page;
• Keep an eye on pharmaceutical industry news that might impact the stock;
• Seek insights from financial analysts regarding Ardelyx’s market sentiment;
• Stay informed about regulatory updates, especially those concerning the pharmaceutical sector;
• Periodically assess Ardelyx’s performance in your portfolio;
• Utilize technical analysis tools like charts and indicators to gauge stock trends;
• Consider seeking advice from a financial advisor for significant investment decisions.

Ardelyx stock price today

Pros and cons of buying Ardelyx stock

Pros

• Innovative pipeline: Ardelyx has an innovative pipeline of drugs addressing various gastrointestinal and cardiorenal diseases, potentially offering significant growth opportunities;
• Collaboration agreements: Partnerships with major pharmaceutical companies like AstraZeneca can provide Ardelyx with additional resources, knowledge, and market reach;
• Unmet medical needs: The company focuses on therapies for conditions with unmet medical needs, which, if successful, can lead to strong market demand.

Cons

• Clinical trial risks: As with any pharmaceutical company, Ardelyx faces risks associated with the outcomes of clinical trials, including potential failures or delays;
• Regulatory approval: Gaining regulatory approval, especially from the FDA, is uncertain and can be a lengthy process;
• Financial health: Like many biotech companies, Ardelyx may operate at a loss until its therapies gain commercial success, requiring ongoing funding;
• Market competition: The pharmaceutical industry is highly competitive, with numerous companies working on similar treatments, increasing competition;
• Stock volatility: As a penny stock, Ardelyx may exhibit higher volatility, making it more unpredictable and potentially riskier for investors.

In Conclusion

To buy Ardelyx stock:

• Choose an online broker;
• Register and fund your account;
• Purchase ARDX shares;
• Regularly evaluate and adjust your investment as needed.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

FAQs about how to buy Ardelyx stock

Best Platform for Worldwide Stock Trading & Investing

• Highly trusted multi-asset broker with clients in over 200 countries

• Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)

• Low commissions starting at $0 with no platform fees or account minimums

• Easily fund your account and trade assets in 26 currencies

• IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

Get Started