Does Conduit Pharmaceuticals Inc (CDT)’s Current Price Volatility Hinder Its Future Potential?

Conduit Pharmaceuticals Inc (NASDAQ:CDT) has a beta value of 2.19 and has seen 13.81 million shares traded in the last trading session. The company, currently valued at $12.55M, closed the last trade at $0.17 per share which meant it lost -$0.02 on the day or -10.53% during that session. The CDT stock price is -14605.88% off its 52-week high price of $25.00 and 5.88% above the 52-week low of $0.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 42.25 million shares traded. The 3-month trading volume is 9.28 million shares.

Conduit Pharmaceuticals Inc (NASDAQ:CDT) trade information

Sporting -10.53% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CDT stock price touched $0.17 or saw a rise of 59.04%. Year-to-date, Conduit Pharmaceuticals Inc shares have moved -96.26%, while the 5-day performance has seen it change -5.61%. Over the past 30 days, the shares of Conduit Pharmaceuticals Inc (NASDAQ:CDT) have changed -35.24%. Short interest in the company has seen 0.62 million shares shorted with days to cover at 0.35.

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Conduit Pharmaceuticals Inc (CDT) estimates and forecasts

The company’s shares have lost -93.82% over the past 6 months.

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

Insiders own 86.65% of the company shares, while shares held by institutions stand at 2.90% with a share float percentage of 21.72%. Investors are also buoyed by the number of investors in a company, with Conduit Pharmaceuticals Inc having a total of 28.0 institutions that hold shares in the company.