The stock of Conduit Pharmaceuticals Inc (CDT) has gone down by -33.33% for the week, with a -62.68% drop in the past month and a -68.91% drop in the past quarter. The volatility ratio for the week is 23.30%, and the volatility levels for the past 30 days are 16.36% for CDT. The simple moving average for the past 20 days is -54.86% for CDT’s stock, with a -70.96% simple moving average for the past 200 days.
Is It Worth Investing in Conduit Pharmaceuticals Inc (NASDAQ: CDT) Right Now?
CDT has 36-month beta value of 2.20.
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The public float for CDT is 10.34M, and currently, short sellers hold a 0.32% ratio of that float. The average trading volume of CDT on June 27, 2024 was 42.39K shares.
CDT) stock’s latest price update
Conduit Pharmaceuticals Inc (NASDAQ: CDT)’s stock price has dropped by -13.82 in relation to previous closing price of 1.23. Nevertheless, the company has seen a loss of -33.33% in its stock price over the last five trading days. globenewswire.com reported 2024-06-18 that Initial joint project in Fuzhou expected to generate an increase in revenue by more than 50% over next three years Initial joint project in Fuzhou expected to generate an increase in revenue by more than 50% over next three years
CDT Trading at -61.57% from the 50-Day Moving Average
After a stumble in the market that brought CDT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -95.76% of loss for the given period.
Volatility was left at 16.36%, however, over the last 30 days, the volatility rate increased by 23.30%, as shares sank -65.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -67.08% lower at present.
During the last 5 trading sessions, CDT fell by -33.33%, which changed the moving average for the period of 200-days by -90.17% in comparison to the 20-day moving average, which settled at $2.2500. In addition, Conduit Pharmaceuticals Inc saw -76.70% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CDT
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.38 for the gross margin
The net margin for Conduit Pharmaceuticals Inc stands at -0.0. The total capital return value is set at -2.26. Equity return is now at value -2.10, with -1.04 for asset returns.
Based on Conduit Pharmaceuticals Inc (CDT), the company’s capital structure generated -0.72 points at debt to capital in total, while cash flow to debt ratio is standing at -7.24. The debt to equity ratio resting at -0.42. The interest coverage ratio of the stock is -12.4.
Currently, EBITDA for the company is -5.56 million with net debt to EBITDA at 1.04. When we switch over and look at the enterprise to sales, we see a ratio of 0.15. The receivables turnover for the company is 1.5for trailing twelve months and the total asset turnover is 108.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.59.
Conclusion
To put it simply, Conduit Pharmaceuticals Inc (CDT) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
