Is Comstock Inc’s (AMEX:LODE) Stock Expensive Or Cheap At $0.36?

In last trading session, Comstock Inc (AMEX:LODE) saw 1.05 million shares changing hands with its beta currently measuring 1.98. Company’s recent per share price level of $0.36 trading at $0.0 or -0.83% at ring of the bell on the day assigns it a market valuation of $74.52M. That closing price of LODE’s stock is at a discount of -100.0% from its 52-week high price of $0.72 and is indicating a premium of 63.89% from its 52-week low price of $0.13. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.42 million shares which gives us an average trading volume of 3.61 million if we extend that period to 3-months.

Comstock Inc (AMEX:LODE) trade information

Upright in the red during last session for losing -0.83%, in the last five days LODE remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $0.36 price level, adding 12.17% to its value on the day. Comstock Inc’s shares saw a change of -34.85% in year-to-date performance and have moved 2.73% in past 5-day. Comstock Inc (AMEX:LODE) showed a performance of -17.93% in past 30-days. Number of shares sold short was 2.92 million shares which calculate 1.33 days to cover the short interests.

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Comstock Inc (LODE) estimates and forecasts

Statistics highlight that Comstock Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 45.36% of value to its shares in past 6 months, showing an annual growth rate of -46.67% while that of industry is 19.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 66.13% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 700.1k for the same. And 1 analysts are in estimates of company making revenue of 770.18k in the next quarter. Company posted 447.65k and 425.95k of sales in current and next quarters respectively a year earlier.

Comstock Inc (AMEX:LODE)’s Major holders

Insiders are in possession of 5.76% of company’s total shares while institution are holding 5.79 percent of that, with stock having share float percentage of 6.14%. Investors also watch the number of corporate investors in a company very closely, which is 5.79% institutions for Comstock Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at LODE for having 3.29 million shares of worth $0.54 million. And as of 2024-06-30, it was holding 2.8076 of the company’s outstanding shares.

The second largest institutional holder is RENAISSANCE TECHNOLOGIES LLC, which was holding about 2.87 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.4487 of outstanding shares, having a total worth of $0.47 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 2.16 shares of worth $0.77 million or 1.03% of the total outstanding shares. The later fund manager was in possession of 1.08 shares on Jun 30, 2024 , making its stake of worth around $0.39 million in the company or a holder of 0.51% of company’s stock.