The Psychology of Cidara Therapeutics Inc Inc. (CDTX) Price Performance: Understanding Market Sentiment

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. This year’s metric has recorded a Price decrease of -2.47%. However, over the past six months, we’ve seen a stronger performance of -43.26%. The price of CDTX leaped by -15.74% over the last 30 days. And in the last five days, it has fallen by -4.21%.

Currently, the stock price of Cidara Therapeutics Inc (CDTX) is $0.74. In the most recent trading session, the stock underwent a significant upswing, peaking at $0.84 after opening at $0.79. The stock touched a low of $0.7627 before closing at $0.80.

Elon Musk just Triggered a BOOM in These Stocks

Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"

Click Here to Download the FREE Report.


In terms of market performance, Cidara Therapeutics Inc had a somewhat regular. The highest value for the stock in the past year was $2.10 on 03/22/23, while the lowest value was $0.46 on 12/08/22.

52-week price history of CDTX Stock

A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Cidara Therapeutics Inc’s current trading price is -64.88% away from its 52-week high, while its distance from the 52-week low is 60.31%. The stock’s price range over this timeframe has been between $0.46 and $2.10. The shares of the Healthcare sector company recorded a trading volume of approximately 0.7 million for the day, which was comparatively higher than the average daily volume of 0.45 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

Cidara Therapeutics Inc (CDTX) has experienced a quarterly decline of -12.50% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 66.70M and boasts a workforce of 73 employees.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.9382, with a change in price of -0.3745. Similarly, Cidara Therapeutics Inc recorded 476,213 in trading volume during the last 100 days, posting a change of -33.74%.

CDTX’s Debt-to-Equity Ratio: A Comprehensive Review

A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for CDTX stands at 0.54. Similarly, the long-term debt-to-equity ratio is also 0.41.

CDTX Stock Stochastic Average

Cidara Therapeutics Inc’s raw stochastic average for the past 50 days is currently at 16.47%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 34.48%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 33.58% and 31.50%, respectively.

Leave a Reply

Your email address will not be published. Required fields are marked *

On Key

Related Posts