With 96.00M Outstanding Shares, Can Conduit Pharmaceuticals Inc (NASDAQ: CDT) Deliver Big Short-Term Gains?

Conduit Pharmaceuticals Inc (NASDAQ:CDT) currently has a daily average trading volume of 25.99M but it saw 7893860 shares traded in last market. With a market cap of 6.97M USD, the company’s current market price of $0.06 came falling about -1.52 while comparing to the previous closing price of $0.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.44 and as low as $0.05. In the recent trading on the day, stock has struck highest price mark of $0.0567 while lowest mark touched by it was $0.0634.

Taking a look at 20-day trading activity of Conduit Pharmaceuticals Inc (CDT) gives us an average price of $0.0832, while its current price level is -98.93% below from 52-week high level whereas it is 14.12% 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 $0.0947 while that of 200 days or SMA-200 reads an average of $1.1709. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.14% during that period while stretching the period over a month that decreases 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 34.50 which implies that the stock is in neutral territory.

Over the week, CDT’s stock price is moving -18.03% down while it is -36.04% when we observe its performance for the past one month. Year-to-date it is -98.72% down and over the past year, the stock is showing a downside performance of -98.85%.

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