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How to Buy Ardelyx Stock [2023] | Invest in ARDX

How to Buy Ardelyx Stock [2023] | 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.

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*

About Ardelyx

Ardelyx’s homepage. Source: Ardelyx.com

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*

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:

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 invest in ARDX

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 investing in Ardelyx

Pros

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

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

How can I buy Ardelyx stock? 

To invest in Ardelyx, select a reputable online broker, register, fund your account, search for ARDX, specify your investment amount, and confirm your purchase.

Where can I purchase Ardelyx stock?

You can acquire Ardelyx stock via regulated online brokers like Interactive Brokers.

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*

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