The trading price of Comstock Mining Inc. (AMEX:LODE) closed lower on Tuesday, July 20, closing at $3.05, -0.65% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $2.82 and $3.12. The company’s P/E ratio in the trailing 12-month period was 4.34, while its 5Y monthly beta was 1.94. In examining the 52-week price action we see that the stock hit a 52-week high of $9.85 and a 52-week low of $0.56. Over the past month, the stock has lost -13.11% in value.
Comstock Mining Inc., whose market valuation is $138.96 million at the time of this writing, is expected to release its quarterly earnings report Jul 26, 2021 – Jul 30, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.01 per share this quarter, however they have predicted annual earnings per share of $0.23 for 2021 and $0 for 2022. It means analysts are expecting annual earnings per share growth of 309.10%.
Analysts have forecast the company to bring in revenue of $70k for the current quarter, with the likely lows of $70k and highs of $70k. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $320k. The company’s revenue is forecast to grow by 58.40% over what it did in 2021.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Comstock Mining Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest LODE has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently Hold.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned LODE a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Comstock Mining Inc. (LODE) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that LODE’s price is currently -7.60% off the SMA20 and -13.77% off the SMA50. The RSI metric on the 14-day chart is currently showing 39.61, and weekly volatility stands at 9.04%. When measured over the past 30 days, the indicator reaches 7.06%. Comstock Mining Inc. (AMEX:LODE)’s beta value is currently sitting at 1.93, while the Average True Range indicator is currently displaying 0.23. With analysts defining $9.25-$9.25 as the low and high price targets, we arrive at a consensus price target of $9.25 for the trailing 12-month period. The current price is about -203.28% off the estimated low and -203.28% off the forecast high, based on this estimate. Investors will be thrilled if LODE’s share price rises to $9.25, which is the median consensus price. At that level, LODE’s share price would be -203.28% below current price.
To see how Comstock Mining Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: LODE stock’s performance was -0.65% in the latest trading, and 376.49% in the past year. Another comparable company Royal Gold Inc. (RGLD) saw its stock close 0.97% higher in the most recent trading session but was down -12.86% in a year. Furthermore, Vista Gold Corp. (VGZ) showed a decrease of -1.28% on the day while its price kept declining at -5.65% over the past year. Comstock Mining Inc. has a P/E ratio of 4.34. Also in last trading session, the S&P 500 Index has surged 1.52%, while the Dow Jones Industrial also saw a positive session, up 1.62% on the day.
An evaluation of the daily trading volume of Comstock Mining Inc. (AMEX:LODE) indicates that the 3-month average is 1.11 million. However, this figure has increased over the past 10 days to an average of 0.65 million.
Currently, records show that 37.74 million of the company’s shares remain outstanding. The insiders hold 2.50% of outstanding shares, whereas institutions hold 17.40%. The stats also highlight that short interest as of Jun 29, 2021, stood at 3.11 million shares, resulting in a short ratio of 2.38 at that time. From this, we can conclude that short interest is 7.32% of the company’s total outstanding shares. It is noteworthy that short shares in June were up slightly from the previous month’s figure, which was 3.03 million. However, since the stock’s price has seen 193.27% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.