Comstock Inc (AMEX:LODE) price on Friday, November 15, fall -3.92% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.31.
A look at the stock’s price movement, the close in the last trading session was $0.32, moving within a range at $0.2801 and $0.3329. The beta value (5-Year monthly) was 1.991. Turning to its 52-week performance, $0.72 and $0.13 were the 52-week high and 52-week low respectively. Overall, LODE moved -35.56% over the past month.
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Comstock Inc’s market cap currently stands at around $65.53 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25.
Analysts have a consensus estimate of 700.1k for the company’s revenue for the quarter, with a low and high estimate of 700.1k and 700.1k respectively. The average forecast suggests up to a 56.39% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.12M, representing a 66.13% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LODE is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
0 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 0 recommend LODE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is nan which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LODE’s current price about -22.31% and -24.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.05, while 7-day volatility ratio is 12.26% and 10.93% in the 30-day chart. Further, Comstock Inc (LODE) has a beta value of 1.99, and an average true range (ATR) of 0.05.
If we refocus on Comstock Inc (AMEX:LODE), historical trading data shows that trading volumes averaged 1.85 over the past 10 days and 3.91 million over the past 3 months. The company’s latest data on shares outstanding shows there are 210.50 million shares.
The 5.73% of Comstock Inc’s shares are in the hands of company insiders while institutional holders own 5.76% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.85 million on 2024-10-31, giving us a short ratio of 1.43. The data shows that as of 2024-10-31 short interest in Comstock Inc (LODE) stood at 192.99999 of shares outstanding, with shares short falling to 5.38 million registered in 2024-09-30. Current price change has pushed the stock -43.19% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LODE stock continues to rise going into the next quarter.
