Comstock Inc (AMEX: LODE) is -22.39% lower on its value in year-to-date trading and has touched a low of $0.28 and a high of $0.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LODE stock was last observed hovering at around $0.45 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.43, the stock is -9.99% and -13.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing -4.85% at the moment leaves the stock -19.71% off its SMA200. LODE registered 44.17% gain for a year compared to 6-month gain of -5.11%. The firm has a 50-day simple moving average (SMA 50) of $39.14 and a 200-day simple moving average (SMA200) of -$2.52.
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The stock witnessed a -11.40% loss in the last 1 month and extending the period to 3 months gives it a -20.73%, and is -7.54% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.59% over the week and 4.16% over the month.
Comstock Inc (LODE) has around 33 employees, a market worth around $50.13M and $0.86M in sales. Profit margin for the company is -2268.05%. Distance from 52-week low is 54.04% and -57.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.01%).
Comstock Inc quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $440k over the same period.The EPS is expected to shrink by -268.37% this year, but quarterly earnings will post 38.90% year-over-year. Quarterly sales are estimated to grow 1,366.70% in year-over-year returns.
60 institutions hold shares in Comstock Inc (LODE), with institutional investors hold 8.84% of the company’s shares. The shares outstanding are 117.86M, and float is at 107.28M with Short Float at 0.36%. Institutions hold 8.03% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 2.26 million shares valued at $1.65 million. The investor’s holdings represent 2.06% of the LODE Shares outstanding. As of Jun 29, 2023, the second largest holder is Geode Capital Management, LLC with 0.7 million shares valued at $0.51 million to account for 0.64% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 0.54 million shares representing 0.49% and valued at over $0.39 million, while Blackrock Inc. holds 0.39% of the shares totaling 0.43 million with a market value of $0.32 million.
Comstock Inc (LODE) Insider Activity
A total of 5 insider transactions have happened at Comstock Inc (LODE) in the last six months, with sales accounting for 0 and purchases happening 5 times. The most recent transaction is an insider purchase by Drozdoff Leo M, the company’s Director. SEC filings show that Drozdoff Leo M bought 40,000 shares of the company’s common stock on Nov 09 at a price of $0.47 per share for a total of $18600.0. Following the purchase, the insider now owns 0.4 million shares.
Comstock Inc disclosed in a document filed with the SEC on Oct 27 that MCCARTHY WILLIAM JOSEPH (Chief Operating Officer) bought a total of 24,000 shares of the company’s common stock. The trade occurred on Oct 27 and was made at $0.41 per share for $9744.0. Following the transaction, the insider now directly holds 1.52 million shares of the LODE stock.
Still, SEC filings show that on Oct 27, MCCARTHY WILLIAM JOSEPH (Chief Operating Officer) acquired 3,000 shares at an average price of $0.40 for $1207.0. The insider now directly holds 1,527,000 shares of Comstock Inc (LODE).
Comstock Inc (LODE): Who are the competitors?
One of the company’s main competitors (and peers) include Goldrich Mining Co. (GRMC) that is trading -33.66% down over the past 12 months.Royal Gold Inc. (RGLD) lies in the list of competitors of the Comstock Inc and is -14.97% lower over the same period from LODEVista Gold Corp. (VGZ) is -33.91% down on the 1-year trading charts.
