Conduit Pharmaceuticals Inc (NASDAQ: CDT) Now -99.03% Off Its High ($25.00), Does Analysts See Headwinds And Risks?

Conduit Pharmaceuticals Inc (NASDAQ:CDT) currently has a daily average trading volume of 2.77M but it saw 2127047 shares traded in last market. With a market cap of 17.87M USD, the company’s current market price of $0.24 came falling about -8.16 while comparing to the previous closing price of $0.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $25.00 and as low as $0.21.

Taking a look at 20-day trading activity of Conduit Pharmaceuticals Inc (CDT) gives us an average price of $0.4572, while its current price level is -99.03% below from 52-week high level whereas it is 14.69% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.6713 while that of 200 days or SMA-200 reads an average of $2.7372. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.45% during that period while stretching the period over a month that increases to 29.84%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 14.05 which implies that the stock is in oversold territory.

Over the week, CDT’s stock price is moving -7.07% down while it is -80.33% when we observe its performance for the past one month. Year-to-date it is -94.68% down and over the past year, the stock is showing a downside performance of -97.73%.

Currently, Conduit Pharmaceuticals Inc’s total number of outstanding shares is 73.83M. Company’s return on equity (ROE) at -2.10%. Stock’s beta reads 2.32. Its return on asset (ROA) is -1.04% on average.