Comstock Mining Inc. (AMEX:LODE) shares, rose in value on Friday, 05/13/22, with the stock price up by 14.47% to the previous day’s close as strong demand from buyers drove the stock to $0.86.
Actively observing the price movement in the last trading, the stock closed the session at $0.75, falling within a range of $0.77 and $0.86. The value of beta (5-year monthly) was 1.73. Referring to stock’s 52-week performance, its high was $4.77, and the low was $0.72. On the whole, LODE has fluctuated by -43.89% over the past month.
With the market capitalization of Comstock Mining Inc. currently standing at about $68.01 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 09, 2022 – Mar 14, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.03, which is expected to increase to $0 for fiscal year -$0.19 and then to about $0 by fiscal year 2022.
Analysts have estimated the company’s revenue for the quarter at $380k, with a low estimate of $380k and a high estimate of $380k. According to the average forecast, sales growth in current quarter could jump up 590.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $840k, representing an increase of 315.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that LODE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LODE currently trading nearly -24.63% and -41.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.25, while the 7-day volatility ratio is showing 9.79% which for the 30-day chart, stands at 7.82%. Furthermore, Comstock Mining Inc. (LODE)’s beta value is 1.68, and its average true range (ATR) is 0.09.
A comparison of Comstock Mining Inc. (LODE) with its peers suggests the former has fared considerably weaker in the market. LODE showed an intraday change of 14.47% in last session, and over the past year, it shrunk by -72.83%%. On the other hand, the price of Royal Gold Inc. (RGLD) has risen 0.10% on the day. The stock, however, is off -4.19% from where it was a year ago. Additionally, there is a gain of 4.35% for Vista Gold Corp. (VGZ) in last trading while the stock has seen an overall depriciation of -30.48%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 2.39%. Meanwhile, the Dow Jones Industrial Improved by 1.47%.
Data on historical trading for Comstock Mining Inc. (AMEX:LODE) indicates that the trading volumes over the past 10 days have averaged 0.62 million and over the past 3 months, they’ve averaged 802.26K. According to company’s latest data on outstanding shares, there are 67.35 million shares outstanding.
Nearly 0.50% of Comstock Mining Inc.’s shares belong to company insiders and institutional investors own 12.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.57 million shares as on Dec 14, 2021, resulting in a short ratio of 3.73. According to the data, the short interest in Comstock Mining Inc. (LODE) stood at 3.94% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 2.93 million. The stock has fallen by -33.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LODE stock heading into the next quarter.