The trading price of Comstock Inc (AMEX:LODE) closed lower on current market day and closing at $0.45, -10.73% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.4501 and $0.5148. The company’s P/E ratio in the trailing 12-month period was 7.35, while its 5Y monthly beta was 1.955. In examining the 52-week price action we see that the stock hit a 52-week high of $0.72 and a 52-week low of $0.13. Over the past month, the stock has gained 60.64% in value.
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Comstock Inc, whose market valuation is $93.71 million at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.03 per share this quarter, however they have predicted annual earnings per share of -0.17 for current year and -0.11 for next year.
Analysts have forecast the company to bring in revenue of 690k for the current quarter, with the likely lows of 690k and highs of 690k. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 2.25M.
On the technical side, indicators suggest LODE has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that LODE’s price is currently 8.06% off the SMA20 and 58.89% off the SMA50. The RSI metric on the 14-day chart is currently showing 56.05, and weekly volatility stands at 14.79%. When measured over the past 30 days, the indicator reaches 19.24%. Comstock Inc (AMEX:LODE)’s beta value is currently sitting at 1.96, while the Average True Range indicator is currently displaying 0.07.
To see how Comstock Inc stock has been performing in comparison to its peers in the industry, here are the numbers: LODE stock’s performance was -10.73% in the latest trading, and -3.08% in the past year. Comstock Inc has a P/E ratio of 7.35.
An evaluation of the daily trading volume of Comstock Inc (AMEX:LODE) indicates that the 3-month average is 7.77 million. However, this figure has increased over the past 10 days to an average of 5.48.
Currently, records show that 206.63 million of the company’s shares remain outstanding. The insiders hold 6.88% of outstanding shares, whereas institutions hold 6.01%. The stats also highlight that short interest as of 2024-09-13, stood at 3.4 million shares, resulting in a short ratio of 0.62 at that time. From this, we can conclude that short interest is 206.00 of the company’s total outstanding shares. It is noteworthy that short shares in September were down slightly from the previous month’s figure, which was 5.04 million. However, since the stock’s price has seen -17.24% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
