Conduit Pharmaceuticals Inc (CDT): Investing In A Time Of Crisis

Conduit Pharmaceuticals Inc (NASDAQ:CDT) currently has a daily average trading volume of 19.44M but it saw 4476045 shares traded in last market. With a market cap of 10.20M USD, the company’s current market price of $0.10 came falling about -3.44 while comparing to the previous closing price of $0.10. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.83 and as low as $0.09. In the recent trading on the day, stock has struck highest price mark of $0.1011 while lowest mark touched by it was $0.1059.

Taking a look at 20-day trading activity of Conduit Pharmaceuticals Inc (CDT) gives us an average price of $0.1086, while its current price level is -98.71% below from 52-week high level whereas it is 6.53% 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 $0.1235 while that of 200 days or SMA-200 reads an average of $1.7169. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.47% during that period while stretching the period over a month that increases to 14.05%. 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 41.33 which implies that the stock is in neutral territory.

Over the week, CDT’s stock price is moving -23.45% down while it is -4.53% when we observe its performance for the past one month. Year-to-date it is -97.78% down and over the past year, the stock is showing a downside performance of -93.55%.

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 2.08. Its return on asset (ROA) is -38.44% on average.