Conduit Pharmaceuticals Inc (NASDAQ: CDT) Now $0.11 Higher From Its Low (0.03), Does It Still Have A Growth Story?

Conduit Pharmaceuticals Inc (NASDAQ:CDT) currently has a daily average trading volume of 12.87M but it saw 1356755 shares traded in last market. With a market cap of 13.26M USD, the company’s current market price of $0.14 came falling about -3.09 while comparing to the previous closing price of $0.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $25.00 and as low as $0.11. In the recent trading on the day, stock has struck highest price mark of $0.1319 while lowest mark touched by it was $0.1423.

Taking a look at 20-day trading activity of Conduit Pharmaceuticals Inc (CDT) gives us an average price of $0.1437, while its current price level is -99.45% below from 52-week high level whereas it is 22.65% 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 $0.2148 while that of 200 days or SMA-200 reads an average of $2.5074. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.74% during that period while stretching the period over a month that increases to 12.43%. 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 29.53 which implies that the stock is in oversold territory.

Over the week, CDT’s stock price is moving 10.92% up while it is 0.44% when we observe its performance for the past one month. Year-to-date it is -96.96% down and over the past year, the stock is showing a downside performance of -98.72%.

Currently, Conduit Pharmaceuticals Inc’s total number of outstanding shares is 73.83M. Company’s return on equity (ROE) at -89.65%. Stock’s beta reads 2.00. Its return on asset (ROA) is -38.44% on average.