Putting The Spotlight On Conduit Pharmaceuticals Inc (CDT)

Conduit Pharmaceuticals Inc (NASDAQ:CDT) currently has a daily average trading volume of 3.29M but it saw 629405 shares traded in last market. With a market cap of 4.54M USD, the company’s current market price of $0.40 came falling about -5.21 while comparing to the previous closing price of $0.42. In past 52 weeks, the stock remained buoying in the range of price level as high as $328.00 and as low as $0.37.

Taking a look at 20-day trading activity of Conduit Pharmaceuticals Inc (CDT) gives us an average price of $0.6249, while its current price level is -99.88% below from 52-week high level whereas it is 8.11% 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 $0.8024 while that of 200 days or SMA-200 reads an average of $7.9670. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.21% during that period while stretching the period over a month that increases to 18.72%. 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 31.09 which implies that the stock is in neutral territory.

Over the week, CDT’s stock price is moving -28.57% down while it is -32.20% when we observe its performance for the past one month. Year-to-date it is -94.17% down and over the past year, the stock is showing a downside performance of -99.87%.

Currently, Conduit Pharmaceuticals Inc’s total number of outstanding shares is 11.34M with 23.03% of that held by the insiders while 0.96% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -89.65%. Stock’s beta reads 2.35. Its return on asset (ROA) is -312.18% on average.