Comstock Inc (AMEX:LODE) price on Wednesday, December 04, rose 9.67% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.50.
A look at the stock’s price movement, the close in the last trading session was $0.45, moving within a range at $0.46 and $0.52. 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 30.46% over the past month.
Comstock Inc’s market cap currently stands at around $104.31 million, with investors looking forward to this quarter’s earnings report slated for in January.
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 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
LODE’s current price about 34.03% and 17.09% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.74, while 7-day volatility ratio is 9.81% and 12.02% in the 30-day chart. Further, Comstock Inc (LODE) has a beta value of 1.92, 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 3.12 over the past 10 days and 3.37 million over the past 3 months. The company’s latest data on shares outstanding shows there are 206.63 million shares.
The 5.73% of Comstock Inc’s shares are in the hands of company insiders while institutional holders own 5.73% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.92 million on 2024-11-15, giving us a short ratio of 1.33. The data shows that as of 2024-11-15 short interest in Comstock Inc (LODE) stood at 146.0 of shares outstanding, with shares short falling to 5.31 million registered in 2024-10-15. Current price change has pushed the stock -9.58% 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.
