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.
In the latest session, Conduit Pharmaceuticals Inc (NASDAQ: CDT) closed at $0.09 down -7.61% from its previous closing price of $0.09. In other words, the price has decreased by -$7.61 from its previous closing price. On the day, 21.12 million shares were traded. CDT stock price reached its highest trading level at $0.0906 during the session, while it also had its lowest trading level at $0.0802.
Ratios:
For a deeper understanding of Conduit Pharmaceuticals Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.12 and its Current Ratio is at 0.12.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 10188015 and an Enterprise Value of 9849841.
Stock Price History:
The Beta on a monthly basis for CDT is 2.21, which has changed by -0.9673759 over the last 52 weeks, in comparison to a change of 0.22212577 over the same period for the S&P500. Over the past 52 weeks, CDT has reached a high of $4.09, while it has fallen to a 52-week low of $0.05. The 50-Day Moving Average of the stock is -3.63%, while the 200-Day Moving Average is calculated to be -91.27%.
Shares Statistics:
For the past three months, CDT has traded an average of 51.16M shares per day and 186700850 over the past ten days. A total of 96.00M shares are outstanding, with a floating share count of 72.97M. Insiders hold about 39.12% of the company’s shares, while institutions hold 3.38% stake in the company. Shares short for CDT as of 1730332800 were 3567358 with a Short Ratio of 0.07, compared to 1727654400 on 1445258. Therefore, it implies a Short% of Shares Outstanding of 3567358 and a Short% of Float of 5.42.
