Conduit Pharmaceuticals Inc [NASDAQ: CDT] surged by $0.45 during the normal trading session on while it closed the day at $1.07.
Conduit Pharmaceuticals Inc stock has also gained 56.11% of its value over the past 7 days. However, CDT stock has declined by -86.95% in the 3 months of the year. Over the past six months meanwhile, it has lost -89.95% and lost -84.40% year-on date.
The market cap for CDT stock reached $10.22 million, with 9.55 million shares outstanding and 8.31 million shares in the current float. Compared to the average trading volume of 3.84M shares, CDT reached a trading volume of 70818866 in the most recent trading day, which is why market watchdogs consider the stock to be active.
CDT stock trade performance evaluation
Conduit Pharmaceuticals Inc [CDT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 56.11. With this latest performance, CDT shares dropped by -2.73% in over the last four-week period, additionally sinking by -89.95% over the last 6 months – not to mention a drop of -99.66% 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 51.39, with the RSI for the last a single of trading hit 65.09, and the three-weeks RSI is set at 43.37 for Conduit Pharmaceuticals Inc [CDT]. The present Moving Average for the last 50 days of trading for this stock 1.2216, while it was recorded at 0.7151 for the last single week of trading, and 13.2483 for the last 200 days.
Conduit Pharmaceuticals Inc [CDT]: An insightful look at the core fundamentals
Conduit Pharmaceuticals Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.25 and a Current Ratio set at 0.25.
Conduit Pharmaceuticals Inc [CDT]: Institutional Ownership
There are presently around $1.32%, or 1.44%% of CDT stock, in the hands of institutional investors. The top three institutional holders of CDT stocks are: BLACKROCK INC. with ownership of 0.69 million shares, which is approximately 0.0187%. GEODE CAPITAL MANAGEMENT, LLC, holding 0.41 million shares of the stock with an approximate value of $$0.43 million in CDT stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $$0.1 million in CDT stock with ownership which is approximately 0.0027%.
