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Comstock Inc. (LODE) Short-Term Forecasts And Estimates

Comstock Inc. (AMEX:LODE) has a beta value of 1.80 and has seen 0.43 million shares traded in the recent trading session. The company, currently valued at $44.79M, closed the recent trade at $0.50 per share which meant it lost -$0.02 on the day or -2.53% during that session. The LODE stock price is -324.0% off its 52-week high price of $2.12 and 52.0% above the 52-week low of $0.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.81 million shares traded. The 3-month trading volume is 590.59K shares.

Comstock Inc. (AMEX:LODE) trade information

Sporting -2.53% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the LODE stock price touched $0.50 or saw a rise of 13.4%. Year-to-date, Comstock Inc. shares have moved 88.29%, while the 5-day performance has seen it change -8.84%. Over the past 30 days, the shares of Comstock Inc. (AMEX:LODE) have changed 81.56%. Short interest in the company has seen 0.73 million shares shorted with days to cover at 2.45.

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Wall Street analysts have a consensus price target for the stock at $4.75, which means that the shares’ value could jump 89.47% from the levels at last check today. The projected low price target is $4.75 while the price target rests at a high of $4.75. In that case, then, we find that the latest price level in today’s session is -850.0% off the targeted high while a plunge would see the stock gain -850.0% from the levels at last check today.

Comstock Inc. (LODE) estimates and forecasts

The company’s shares have lost -8.34% over the past 6 months, compared to -2.70% for the industry. Revenue growth from the last financial year stood is estimated to be -74.50%.

1 analysts offering their estimates for the company have set an average revenue estimate of $50k for the current quarter. 1 have an estimated revenue figure of $60k for the next quarter concluding in Dec 2022. Year-ago sales stood $363k and $396k respectively for this quarter and the next, and analysts expect sales will shrink by -86.20% for the current quarter and -84.80% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 23.30% over the past 5 years.

LODE Dividends

Comstock Inc. is expected to release its next earnings report between March 27 and March 31 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Comstock Inc. (AMEX:LODE)’s Major holders

Insiders own 25.22% of the company shares, while shares held by institutions stand at 6.02% with a share float percentage of 8.05%. Investors are also buoyed by the number of investors in a company, with Comstock Inc. having a total of 49 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 1.67 million shares worth more than $1.04 million. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 2.12% of shares outstanding.

The other major institutional holder is Renaissance Technologies, LLC, with the holding of over 0.66 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $0.41 million and represent 0.84% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Jun 29, 2022, the former fund manager holds about 1.28% shares in the company for having 1.0 million shares of worth $0.62 million while later fund manager owns 0.6 million shares of worth $0.37 million as of Jun 29, 2022, which makes it owner of about 0.76% of company’s outstanding stock.

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