Conduit Pharmaceuticals Inc [NASDAQ: CDT] gained 9.62% or 0.01 points to close at $0.14 with a heavy trading volume of 3420419 shares.
The daily chart for CDT points out that the company has recorded -95.83% loss over the past six months.
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If we look at the average trading volume of 12.82M shares, CDT reached to a volume of 3420419 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Trading performance analysis for CDT stock
Conduit Pharmaceuticals Inc [CDT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.57. With this latest performance, CDT shares dropped by -16.18% in over the last four-week period, additionally sinking by -95.83% over the last 6 months – not to mention a drop of -98.68% 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 30.40, with the RSI for the last a single of trading hit 45.98, and the three-weeks RSI is set at 24.70 for Conduit Pharmaceuticals Inc [CDT]. The present Moving Average for the last 50 days of trading for this stock 0.2296, while it was recorded at 0.1291 for the last single week of trading, and 2.5159 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 $3.13%, or 10.33%% of CDT stock, in the hands of institutional investors.
