Comstock Inc (LODE) Has Strong Growth Prospects Through 2024

Comstock Inc (AMEX:LODE) has a beta value of 1.88 and has seen 9.36 million shares traded in the last trading session. The company, currently valued at $45.36M, closed the last trade at $0.26 per share which meant it gained $0.05 on the day or 21.62% during that session. The LODE stock price is -142.31% off its 52-week high price of $0.63 and 50.0% above the 52-week low of $0.13. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.36 million shares traded. The 3-month trading volume is 6.45 million shares.

Comstock Inc (AMEX:LODE) trade information

Sporting 21.62% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LODE stock price touched $0.26 or saw a rise of 3.35%. Year-to-date, Comstock Inc shares have moved -52.77%, while the 5-day performance has seen it change 35.92%. Over the past 30 days, the shares of Comstock Inc (AMEX:LODE) have changed 64.53%. Short interest in the company has seen 5.04 million shares shorted with days to cover at 0.4.

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Comstock Inc (LODE) estimates and forecasts

Figures show that Comstock Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -39.16% over the past 6 months, with this year growth rate of -13.33%, compared to 21.70% for the industry. Revenue growth from the last financial year stood is estimated to be 76.60%.

1 analysts offering their estimates for the company have set an average revenue estimate of 690k for the current quarter. 1 have an estimated revenue figure of 700k for the next ending quarter. Year-ago sales stood 761k and 448k respectively for this quarter and the next, and analysts expect sales will shrink by -9.30% for the current quarter and 76.60% for the next.

LODE Dividends

Comstock Inc is expected to release its next earnings report in October 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 6.88% of the company shares, while shares held by institutions stand at 7.09% with a share float percentage of 7.62%. Investors are also buoyed by the number of investors in a company, with Comstock Inc having a total of 59.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 3.29 million shares worth more than $0.54 million. As of 2024-06-30, VANGUARD GROUP INC held 2.8076% of shares outstanding.

The other major institutional holder is RENAISSANCE TECHNOLOGIES LLC, with the holding of over 2.87 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.47 million and represent 2.4487% of shares outstanding.