Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Conduit Pharmaceuticals Inc (NASDAQ: CDT) closed at $0.09 in the last session, up 30.01% from day before closing price of $0.07. In other words, the price has increased by $30.01 from its previous closing price. On the day, 225.08 million shares were traded. CDT stock price reached its highest trading level at $0.126 during the session, while it also had its lowest trading level at $0.085.
Ratios:
We take a closer look at CDT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.12 and its Current Ratio is at 0.12.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 11266746 and an Enterprise Value of 9849841.
Stock Price History:
Over the past 52 weeks, CDT has reached a high of $5.16, while it has fallen to a 52-week low of $0.05. The 50-Day Moving Average of the stock is 5.57%, while the 200-Day Moving Average is calculated to be -91.12%.
Shares Statistics:
According to the various share statistics, CDT traded on average about 27.48M shares per day over the past 3-months and 18665240 shares per day over the past 10 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 0.42, compared to 1727654400 on 1445258. Therefore, it implies a Short% of Shares Outstanding of 3567358 and a Short% of Float of 5.42.
