Comstock Inc (LODE): Uncovering A True Diamond In The Rough

Comstock Inc (AMEX:LODE) currently has a daily average trading volume of 545.40K but it saw 848557 shares traded in last market. With a market cap of 38.57M USD, the company’s current market price of $0.32 came falling about -2.74 while comparing to the previous closing price of $0.33. In past 52 weeks, the stock remained buoying in the range of price level as high as $0.99 and as low as $0.32.

Taking a look at 20-day trading activity of Comstock Inc (LODE) gives us an average price of $0.3605, while its current price level is -67.75% below from 52-week high level whereas it is -0.31% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.4130 while that of 200 days or SMA-200 reads an average of $0.4780. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.16% during that period while stretching the period over a month that decreases to 9.08%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 33.79 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Singular Research which initiated the stock as “Buy” in its note to investors issued on April 23, 2014, recommending a price target of $2.25 for it.

Over the week, LODE’s stock price is moving -7.62% down while it is -16.27% when we observe its performance for the past one month. Year-to-date it is -41.79% down and over the past year, the stock is showing a downside performance of -10.79%.

The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $0.08 beat the consensus estimate of -$0.04 for the same. Moreover, analysts are in estimates of $540k for current-quarter revenue.

Currently, Comstock Inc’s total number of outstanding shares is 115.26M with 8.75% of that held by the insiders while 7.64% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 10.93% and return on equity (ROE) at 13.89%. It has a price to earnings ratio (P/E ratio) of 4.75. Stock’s beta reads 2.01. Stock has a price to book (P/B) ratio of 0.47 while price to sale or P/S ratio amounts to 30.37. Its return on asset (ROA) is 8.87% on average.