Conduit Pharmaceuticals Inc (NASDAQ:CDT) Currently -53746.15% Below Its 52-Week High But The Downside Potential May Surprise You

In last trading session, Conduit Pharmaceuticals Inc (NASDAQ:CDT) saw 0.54 million shares changing hands with its beta currently measuring 2.31. Company’s recent per share price level of $0.65 trading at -$0.04 or -5.79% at ring of the bell on the day assigns it a market valuation of $4.31M. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.97 million shares which gives us an average trading volume of 3.97 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 -5.79%, in the last five days CDT remained trading in the red while hitting it’s week-highest on Monday, 03/31/25 when the stock touched $0.65 price level, adding 38.1% to its value on the day. Conduit Pharmaceuticals Inc’s shares saw a change of -90.59% in year-to-date performance and have moved -27.45% in past 5-day. Conduit Pharmaceuticals Inc (NASDAQ:CDT) showed a performance of -41.30% in past 30-days. Number of shares sold short was 0.75 million shares which calculate 0.51 days to cover the short interests.

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

Insiders are in possession of 8.33% of company’s total shares while institution are holding 1.32 percent of that, with stock having share float percentage of 1.44%. Investors also watch the number of corporate investors in a company very closely, which is 1.32% institutions for Conduit Pharmaceuticals Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at CDT for having 0.69 million shares of worth $0.73 million. And as of 2024-06-30, it was holding 0.0187 of the company’s outstanding shares.

The second largest institutional holder is GEODE CAPITAL MANAGEMENT, LLC, which was holding about 0.41 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.0111 of outstanding shares, having a total worth of $0.43 million.

On the other hand, Fidelity Salem Street Trust-Fidelity Small Cap Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jan 31, 2025 , the former fund manager was holding 3.96 shares of worth $2556.0 or 0.06% of the total outstanding shares. The later fund manager was in possession of 2.03 shares on Dec 31, 2024 , making its stake of worth around $1310.0 in the company or a holder of 0.03% of company’s stock.