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Conduit Pharmaceuticals Inc (CDT) Volatility At 44.46%, Should You Add A Position?

Conduit Pharmaceuticals Inc (NASDAQ: CDT) is -93.52% lower on its value in year-to-date trading and has touched a low of $0.40 and a high of $25.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CDT stock was last observed hovering at around $0.42 in the last trading session, with the day’s loss setting it -0.13%.

Currently trading at $0.29, the stock is -78.55% and -87.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.73 million and changing -29.43% at the moment leaves the stock -90.70% off its SMA200. CDT registered -97.19% loss for a year compared to 6-month loss of -94.09%.

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The stock witnessed a -89.61% gain in the last 1 month and extending the period to 3 months gives it a -90.69%, and is -66.45% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 44.46% over the week and 29.89% over the month.

Conduit Pharmaceuticals Inc (CDT) has around 7 employees, a market worth around $21.78M and $0.00M in sales. Distance from 52-week low is -26.27% and -98.82% from its 52-week high.

The shares outstanding are 73.83M, and float is at 10.34M with Short Float at 0.55%.

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