Comstock Inc (AMEX: LODE): Is It A Gold Mine Or A Disaster In The Making?

In the last trading session, 2.84 million shares of the Comstock Inc (AMEX:LODE) were traded, and its beta was 1.93. Most recently the company’s share price was $0.41, and it changed around -$0.02 or -4.04% from the last close, which brings the market valuation of the company to $89.54M. LODE currently trades at a discount to its 52-week high of $0.72, offering almost -75.61% off that amount. The share price’s 52-week low was $0.13, which indicates that the current value has risen by an impressive 68.29% since then. We note from Comstock Inc’s average daily trading volume that its 10-day average is 4.47 million shares, with the 3-month average coming to 3.41 million.

Comstock Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended LODE as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Comstock Inc is expected to report earnings per share of -0.02 for the current quarter.

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Comstock Inc (AMEX:LODE) trade information

Instantly LODE has showed a red trend with a performance of -4.04% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.5200 on recent trading dayincreased the stock’s daily price by 21.15%. The company’s shares are currently down -25.42% year-to-date, but still down -9.54% over the last five days. On the other hand, Comstock Inc (AMEX:LODE) is 11.06% up in the 30-day period. We can see from the shorts that 3.3 million shares have been sold at a short interest cover period of 1.63 day(s).

Comstock Inc (LODE) estimates and forecasts

Comstock Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 95.74 percent over the past six months and at a -46.67% annual growth rate that is well below the industry average of 19.20%. The year-over-year growth rate is expected to be 66.13%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 700.1k in revenue for the current quarter. 1 analysts expect Comstock Inc to make 770.18k in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 447.65k and 425.95k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 56.39%. Forecasts for the next quarter put sales growth at 80.81%.

LODE Dividends

Comstock Inc’s next quarterly earnings report is expected to be released in January.

Comstock Inc (AMEX:LODE)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 5.50% of Comstock Inc shares, and 5.53% of them are in the hands of institutional investors. The stock currently has a share float of 5.85%. Comstock Inc stock is held by 62.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 2.8076% of the shares, which is about 3.29 million shares worth $0.54 million.

RENAISSANCE TECHNOLOGIES LLC, with 2.4487% or 2.87 million shares worth $0.47 million as of 2024-06-30, holds the second largest percentage of outstanding shares.