Conduit Pharmaceuticals Inc (NASDAQ: CDT) – Time For Strategy Change?

Conduit Pharmaceuticals Inc (NASDAQ:CDT) currently has a daily average trading volume of 12.73M but it saw 4862547 shares traded in last market. With a market cap of 9.49M USD, the company’s current market price of $0.09 came rising about 0.22 while comparing to the previous closing price of $0.09. 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 $0.091 while lowest mark touched by it was $0.0974.

Taking a look at 20-day trading activity of Conduit Pharmaceuticals Inc (CDT) gives us an average price of $0.0998, while its current price level is -98.82% below from 52-week high level whereas it is 16.98% 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 $0.1105 while that of 200 days or SMA-200 reads an average of $1.5107. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.97% during that period while stretching the period over a month that increases to 13.91%. 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 43.11 which implies that the stock is in neutral territory.

Over the week, CDT’s stock price is moving -3.05% down while it is -18.46% when we observe its performance for the past one month. Year-to-date it is -97.97% down and over the past year, the stock is showing a downside performance of -92.79%.

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 2.12. Its return on asset (ROA) is -181.68% on average.