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Conduit Pharmaceuticals Inc’s Banking’s 100-Day Moving Average at 0.1089: Will the Stock Break Through?

The market performance of Conduit Pharmaceuticals Inc has been somewhat unstable. Over the past year, the company’s stock achieved a high of $5.29 on 01/09/24, with the lowest value for the same timeframe being $0.05, recorded on 12/23/24.

52-week price history of CDT Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Conduit Pharmaceuticals Inc’s current trading price is -98.73% away from its 52-week high, while its distance from the 52-week low is 31.77%. The stock’s price range during this period has fluctuated between $0.05 and $5.29. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 6.03 million for the day, which was evidently lower than the average daily volume of 27.03 million over the last three months.

Financial Performance and Market Capitalization

Conduit Pharmaceuticals Inc (CDT) has experienced a quarterly decline of -32.12% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.57M and boasts a workforce of 7 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.1089, with a change in price of -0.0699. Similarly, Conduit Pharmaceuticals Inc recorded 19,788,416 in trading volume during the last 100 days, posting a change of -50.84%.

CDT Stock Stochastic Average

Conduit Pharmaceuticals Inc’s raw stochastic average for the past 50 days is currently at 15.53%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 28.87%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 35.65% and 35.54%, respectively.

CDT Stock Price Performance Analysis

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a loss of -2.04%.However, over the last six months, we can see a stronger performance of -86.56%. Over the last 30 days, the price of CDT has leaped by -30.29%. And in the last five days, it has surged by 11.82%.