Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Conduit Pharmaceuticals Inc (NASDAQ: CDT) was $0.65 for the day, down -5.79% from the previous closing price of $0.69. In other words, the price has decreased by -$5.79 from its previous closing price. On the day, 0.54 million shares were traded. CDT stock price reached its highest trading level at $0.6643 during the session, while it also had its lowest trading level at $0.58.
Ratios:
Our analysis of CDT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.25 and its Current Ratio is at 0.25.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 4302144 and an Enterprise Value of 11205141.
Stock Price History:
The Beta on a monthly basis for CDT is 2.31, which has changed by -0.9980123 over the last 52 weeks, in comparison to a change of -0.024663687 over the same period for the S&P500. Over the past 52 weeks, CDT has reached a high of $350.00, while it has fallen to a 52-week low of $0.65. The 50-Day Moving Average of the stock is -55.03%, while the 200-Day Moving Average is calculated to be -96.03%.
Shares Statistics:
CDT traded an average of 3.97M shares per day over the past three months and 1966890 shares per day over the past ten days. A total of 6.66M shares are outstanding, with a floating share count of 5.80M. Insiders hold about 13.01% of the company’s shares, while institutions hold 1.31% stake in the company. Shares short for CDT as of 1741910400 were 751366 with a Short Ratio of 0.19, compared to 1739491200 on 562279. Therefore, it implies a Short% of Shares Outstanding of 751366 and a Short% of Float of 12.879999999999999.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
