Conduit Pharmaceuticals Inc (NASDAQ: CDT) Surprises Wall Street With 13.67% Stock Price Gain

Conduit Pharmaceuticals Inc (NASDAQ:CDT) has a beta value of 2.09 and has seen 269.37 million shares traded in the last trading session. The company, currently valued at $11.17M, closed the last trade at $0.12 per share which meant it gained $0.02 on the day or 13.67% during that session. The CDT stock price is -6425.0% off its 52-week high price of $7.83 and 25.0% above the 52-week low of $0.09. If we look at the company’s 10-day average daily trading volume, we find that it stood at 36.29 million shares traded. The 3-month trading volume is 14.16 million shares.

Conduit Pharmaceuticals Inc (NASDAQ:CDT) trade information

Sporting 13.67% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CDT stock price touched $0.12 or saw a rise of 23.76%. Year-to-date, Conduit Pharmaceuticals Inc shares have moved -97.44%, while the 5-day performance has seen it change 17.58%. Over the past 30 days, the shares of Conduit Pharmaceuticals Inc (NASDAQ:CDT) have changed -15.71%. Short interest in the company has seen 1.45 million shares shorted with days to cover at 0.11.

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Conduit Pharmaceuticals Inc (CDT) estimates and forecasts

The company’s shares have lost -96.34% over the past 6 months.

CDT Dividends

Conduit Pharmaceuticals Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 69.59% of the company shares, while shares held by institutions stand at 3.15% with a share float percentage of 10.37%. Investors are also buoyed by the number of investors in a company, with Conduit Pharmaceuticals Inc having a total of 44.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Fidelity Small Cap Index Fund and Vanguard Extended Market Index Fund . As of Jul 31, 2024 , the former fund manager holds about 0.24% shares in the company for having 234.14 shares of worth $27254.0 while later fund manager owns 202.93 shares of worth $23621.0 as of Jun 30, 2024 , which makes it owner of about 0.21% of company’s outstanding stock.