Should Investors Trust The Upside Potential In Conduit Pharmaceuticals Inc (CDT)?

money audit

Conduit Pharmaceuticals Inc (NASDAQ:CDT) currently has a daily average trading volume of 14.13M but it saw 5363355 shares traded in last market. With a market cap of 9.60M USD, the company’s current market price of $0.10 came falling about -6.21 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 $0.08. In the recent trading on the day, stock has struck highest price mark of $0.093 while lowest mark touched by it was $0.1004.

Taking a look at 20-day trading activity of Conduit Pharmaceuticals Inc (CDT) gives us an average price of $0.1053, while its current price level is -98.78% below from 52-week high level whereas it is 20.66% 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 $0.1143 while that of 200 days or SMA-200 reads an average of $1.5752. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.32% during that period while stretching the period over a month that increases to 14.48%. 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 43.03 which implies that the stock is in neutral territory.

Over the week, CDT’s stock price is moving -11.28% down while it is -7.30% when we observe its performance for the past one month. Year-to-date it is -97.91% down and over the past year, the stock is showing a downside performance of -91.86%.

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