Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
Conduit Pharmaceuticals Inc (NASDAQ: CDT) closed the day trading at $2.92 up 4.29% from the previous closing price of $2.8. In other words, the price has increased by $4.29 from its previous closing price. On the day, 0.16 million shares were traded. CDT stock price reached its highest trading level at $2.93 during the session, while it also had its lowest trading level at $2.6673.
Ratios:
For a better understanding of CDT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.31 and its Current Ratio is at 1.31. In the meantime, Its Debt-to-Equity ratio is 1.07 whereas as Long-Term Debt/Eq ratio is at 0.03.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 03 ’24 when Nirland Ltd sold 1,500,000 shares for $0.10 per share. The transaction valued at 156,450 led to the insider holds 8,400,000 shares of the business.
Nirland Ltd sold 1,368,991 shares of CDT for $140,458 on Oct 04 ’24. The 10% Owner now owns 7,031,009 shares after completing the transaction at $0.10 per share. On Oct 07 ’24, another insider, Nirland Ltd, who serves as the 10% Owner of the company, sold 939,009 shares for $0.10 each. As a result, the insider received 96,530 and left with 6,092,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CDT now has a Market Capitalization of 2780508 and an Enterprise Value of 2937909.
Stock Price History:
The Beta on a monthly basis for CDT is 1.94, which has changed by -0.99633396 over the last 52 weeks, in comparison to a change of 0.12792087 over the same period for the S&P500. Over the past 52 weeks, CDT has reached a high of $1350.00, while it has fallen to a 52-week low of $2.21. The 50-Day Moving Average of the stock is -35.97%, while the 200-Day Moving Average is calculated to be -95.94%.
Shares Statistics:
Over the past 3-months, CDT traded about 414.48K shares per day on average, while over the past 10 days, CDT traded about 524620 shares per day. A total of 0.76M shares are outstanding, with a floating share count of 0.74M. Insiders hold about 1.46% of the company’s shares, while institutions hold 4.54% stake in the company. Shares short for CDT as of 1749772800 were 102635 with a Short Ratio of 0.25, compared to 1747267200 on 51021. Therefore, it implies a Short% of Shares Outstanding of 102635 and a Short% of Float of 12.839999999999998.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
