Conduit Pharmaceuticals Inc [NASDAQ: CDT] loss -5.54% on the last trading session, reaching $0.14 price per share at the time.
If compared to the average trading volume of 11.68M shares, CDT reached a trading volume of 2569697 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Trading performance analysis for CDT stock
Conduit Pharmaceuticals Inc [CDT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.06. With this latest performance, CDT shares dropped by -33.73% in over the last four-week period, additionally sinking by -94.92% over the last 6 months – not to mention a drop of -98.66% 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 21.52, with the RSI for the last a single of trading hit 26.63, and the three-weeks RSI is set at 20.89 for Conduit Pharmaceuticals Inc [CDT]. The present Moving Average for the last 50 days of trading for this stock 0.4351, while it was recorded at 0.1580 for the last single week of trading, and 2.5673 for the last 200 days.
Conduit Pharmaceuticals Inc [CDT]: A deeper dive into fundamental analysis
Conduit Pharmaceuticals Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.56 and a Current Ratio set at 0.56.
An analysis of Institutional ownership at Conduit Pharmaceuticals Inc [CDT]
There are presently around $3.12%, or 13.01%% of CDT stock, in the hands of institutional investors.
