The Week Ahead: Are Investors Really Too Optimistic About Conduit Pharmaceuticals Inc (NASDAQ: CDT)

Conduit Pharmaceuticals Inc (NASDAQ:CDT) currently has a daily average trading volume of 24.97M but it saw 15790201 shares traded in last market. With a market cap of 8.51M USD, the company’s current market price of $0.07 came falling about -10.01 while comparing to the previous closing price of $0.08. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.73 and as low as $0.07. In the recent trading on the day, stock has struck highest price mark of $0.071 while lowest mark touched by it was $0.08.

Taking a look at 20-day trading activity of Conduit Pharmaceuticals Inc (CDT) gives us an average price of $0.0920, while its current price level is -98.94% below from 52-week high level whereas it is -2.74% 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 $0.0993 while that of 200 days or SMA-200 reads an average of $1.2458. A closer look into the stock’s movement over the week reveals that its volatility is standing at 18.55% during that period while stretching the period over a month that decreases to 15.03%. 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 34.78 which implies that the stock is in neutral territory.

Over the week, CDT’s stock price is moving -19.59% down while it is -22.74% when we observe its performance for the past one month. Year-to-date it is -98.44% down and over the past year, the stock is showing a downside performance of -98.84%.

Currently, Conduit Pharmaceuticals Inc’s total number of outstanding shares is 96.00M. Company’s return on equity (ROE) at -89.65%. Stock’s beta reads 2.21. Its return on asset (ROA) is -181.68% on average.