Conduit Pharmaceuticals Inc [NASDAQ: CDT] traded at a high on Tuesday, posting a 4.63 gain after which it closed the day’ session at $0.25.
The results of the trading session contributed to over 105601404 shares changing hands. Over the past one week, the price volatility of Conduit Pharmaceuticals Inc stands at 43.08% while the volatility over the past one month is 31.84%.
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The market cap for CDT stock reached $18.54 million, with 73.83 million shares outstanding and 10.34 million shares in the current float. Compared to the average trading volume of 313.83K shares, CDT reached a trading volume of 105601404 in the most recent trading day, which is why market watchdogs consider the stock to be active.
How has CDT stock performed recently?
Conduit Pharmaceuticals Inc [CDT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -39.93. With this latest performance, CDT shares dropped by -87.57% in over the last four-week period, additionally sinking by -93.86% over the last 6 months – not to mention a drop of -97.60% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CDT stock in for the last two-week period is set at 10.80, with the RSI for the last a single of trading hit 7.29, and the three-weeks RSI is set at 15.81 for Conduit Pharmaceuticals Inc [CDT]. The present Moving Average for the last 50 days of trading for this stock 2.0628, while it was recorded at 0.2677 for the last single week of trading, and 2.8938 for the last 200 days.
Conduit Pharmaceuticals Inc [CDT]: Deeper insight into the fundamentals
Conduit Pharmaceuticals Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.59 and a Current Ratio set at 1.59.
Insider trade positions for Conduit Pharmaceuticals Inc [CDT]
The top three institutional holders of CDT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CDT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CDT stock with ownership which is approximately 5.1238%.
