Now Is The Time To Build A Position In Comstock Inc (AMEX:LODE)

Comstock Inc (AMEX:LODE)’s traded shares stood at 6.72 million during the last session, with the company’s beta value hitting 1.93. At the close of trading, the stock’s price was $0.41, to imply a decrease of -17.54% or -$0.09 in intraday trading. The LODE share’s 52-week high remains $0.72, putting it -75.61% down since that peak but still an impressive 68.29% since price per share fell to its 52-week low of $0.13. The company has a valuation of $86.02M, with an average of 3.66 million shares in intraday trading volume over the past 10 days and average of 3.37 million shares over the past 3 months.

Comstock Inc (AMEX:LODE) trade information

After registering a -17.54% downside in the last session, Comstock Inc (LODE) has traded red over the past five days. The 5-day price performance for the stock is 14.45%, and 2.33% over 30 days. With these gigs, the year-to-date price performance is -25.44%. Short interest in Comstock Inc (AMEX:LODE) saw shorts transact 2.92 million shares and set a 1.33 days time to cover.

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Comstock Inc (LODE) estimates and forecasts

Looking at statistics comparing Comstock Inc share performance against respective industry, we note that the company has underperformed competitors. Comstock Inc (LODE) shares are 79.29% up over the last 6 months, with its year-to-date growth rate lower than industry average at -46.67% against 20.10%. The rating firms project that company’s revenue will grow 66.13% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 700.1k. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 770.18k.Earnings reports from the last fiscal year show that sales brought in 447.65k and 425.95k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 56.39% before jumping 80.81% in the following quarter.

LODE Dividends

Comstock Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Comstock Inc (AMEX:LODE)’s Major holders

Comstock Inc insiders hold 5.76% of total outstanding shares, with institutional holders owning 5.79% of the shares at 6.14% float percentage. In total, 5.79% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 3.29 million shares (or 2.8076% of shares), all amounting to roughly $0.54 million.

The next major institution holding the largest number of shares is RENAISSANCE TECHNOLOGIES LLC with 2.87 million shares, or about 2.4487% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.47 million.