After A -1.57% Drop In Share Price, Is Conduit Pharmaceuticals Inc (NASDAQ:CDT) A Better Trade Than Others?

In recent trading session, Conduit Pharmaceuticals Inc (NASDAQ:CDT) saw 0.67 million shares changing hands at last check today with its beta currently measuring 2.37. Company’s recent per share price level of $0.24 trading at $0.0 or -1.57% at last check today assigns it a market valuation of $17.59M. That most recent trading price of CDT’s stock is at a discount of -10316.67% from its 52-week high price of $25.00 and is indicating a premium of 12.5% from its 52-week low price of $0.21. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 16.27 million shares which gives us an average trading volume of 2.80 million if we extend that period to 3-months.

Conduit Pharmaceuticals Inc (NASDAQ:CDT) trade information

Upright in the red during last session for losing -1.57%, in the last five days CDT remained trading in the green while hitting it’s week-highest on Wednesday, 07/24/24 when the stock touched $0.24 price level, adding 15.79% to its value on the day. Conduit Pharmaceuticals Inc’s shares saw a change of -94.76% in year-to-date performance and have moved 0.04% in past 5-day. Conduit Pharmaceuticals Inc (NASDAQ:CDT) showed a performance of -77.53% in past 30-days. Number of shares sold short was 0.62 million shares which calculate 0.35 days to cover the short interests.

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Conduit Pharmaceuticals Inc (NASDAQ:CDT)’s Major holders

Insiders are in possession of 86.65% of company’s total shares while institution are holding 2.24 percent of that, with stock having share float percentage of 16.81%. Investors also watch the number of corporate investors in a company very closely, which is 2.24% institutions for Conduit Pharmaceuticals Inc that are currently holding shares of the company.