Comstock Inc (AMEX: LODE) is -37.96% lower on its value in year-to-date trading and has touched a low of $0.30 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 $0.36 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.34, the stock is -14.48% and -23.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing -5.53% at the moment leaves the stock -32.62% off its SMA200. LODE registered 0.89% gain for a year compared to 6-month gain of -15.53%. The firm has a 50-day simple moving average (SMA 50) of $21.48 and a 200-day simple moving average (SMA200) of $1.87.
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The stock witnessed a -26.05% loss in the last 1 month and extending the period to 3 months gives it a -29.90%, and is -17.11% 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 9.17% over the week and 8.36% over the month.
Comstock Inc (LODE) has around 36 employees, a market worth around $39.38M and $1.27M in sales. Current P/E ratio is 5.07. Profit margin for the company is 718.88%. Distance from 52-week low is 11.51% and -65.62% from its 52-week high. The company has generated returns on investments over the last 12 months (10.93%).
Comstock Inc quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $540k over the same period.The EPS is expected to shrink by -268.37% this year, but quarterly earnings will post 73.50% year-over-year. Quarterly sales are estimated to grow 1,700.00% in year-over-year returns.
Comstock Inc (LODE) Top Institutional Holders
59 institutions hold shares in Comstock Inc (LODE), with institutional investors hold 8.78% of the company’s shares. The shares outstanding are 115.26M, and float is at 105.24M with Short Float at 0.38%. Institutions hold 7.98% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 3.25 million shares valued at $1.11 million. The investor’s holdings represent 2.81% of the LODE Shares outstanding. As of Dec 30, 2023, the second largest holder is Renaissance Technologies, LLC with 1.07 million shares valued at $0.36 million to account for 0.93% of the shares outstanding. The other top investors are Farther Finance Advisors, Llc which holds 1.05 million shares representing 0.91% and valued at over $0.36 million, while Geode Capital Management, LLC holds 0.77% of the shares totaling 0.9 million with a market value of $0.3 million.
Comstock Inc (LODE) Insider Activity
The most recent transaction is an insider purchase by Drozdoff Leo M,the company’sDirector. SEC filings show that Drozdoff Leo M bought 40,000 shares of the company’s common stock on Nov 09 ’23 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 ’23 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 ’23 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 ’23, 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).
