As of Friday close, Comstock Inc.’s (AMEX:LODE) stock was down -$0.05, moving down -9.22 percent to $0.46. The average number of shares traded per day over the past five days has been 971,400 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0505 fall in that time frame. In the last twenty days, the average volume was 889,920, while in the previous 50 days, it was 1,009,282.
Since last month, LODE stock retreated -32.31%. Shares of the company fell to $0.4250 on 08/10/23, the lowest level in the past month. A 52-week high of $0.99 was reached on 06/15/23 after having rallying from a 52-week low of $0.24. Since the beginning of this year, LODE’s stock price has risen by 68.36% or $0.1880, and marked a new high 14 times. However, the stock has declined by -53.19% since its 52-week high.
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Valuation Metrics
The stock’s beta is 2.00. Besides these, the trailing price-to-sales (P/S) ratio of 203.97, the price-to-book (PB) ratio of 0.96.
Financial Health
In the three months ended June 29, Comstock Inc.’s quick ratio stood at 0.90, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.08, and the total debt-to-equity ratio was 0.72. Based on annual data, LODE earned $0.18 million in gross profit and brought in $0.18 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -46.70%. Return on equity (ROE) for the past 12 months was -66.00%.
In Comstock Inc.’s quarter-end financial report for June 29, it reported total debt of $3.74 million against cash and short-term investments of $0.52 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LODE’s revenue fell -25.0% during the quarter, while net income inched up to $40000.0. While analysts expected Comstock Inc. to report -$0.02 quarterly earnings, the actual figure was -$0.05 per share. During the quarter, the company generated -$5.04 million in EBITDA. The liabilities of Comstock Inc. were 53.89 million at the end of its most recent quarter ended June 29, and its total debt was $7.21 million. The value of shareholders’ equity is $109.86 million.
Technical Picture
This quick technical analysis looks at Comstock Inc.’s (LODE) price momentum. With a historical volatility rate of 125.50%, the RSI 9-day stood at 36.16% on 18 August.
With respect to its five-day moving average, the current Comstock Inc. price is down by -9.83% percent or -$0.0505. At present, LODE shares trade -33.38% below its 20-day simple moving average and +39.88% percent above its 100-day simple moving average. However, the stock is currently trading approximately -21.53% below its SMA50 and +7.67% above its SMA200.
Stochastic coefficient K was 37.78% and Stochastic coefficient D was 46.67%, while ATR was 0.0554. Given the Stochastic reading of 23.82% for the 14-day period, the RSI (14) reading has been calculated as 37.91%.
Analyst Ratings
Singular Research launched its rating on Comstock Inc. (AMEX: LODE) to a Buy in a note to investors on April 23, 2014. Comstock Inc. (LODE) has been rated Buy by analysts. According to 0 brokerage firms, LODE is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Comstock Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $3.75, the current consensus forecast for the stock is $3.75 – $3.75. Based on these forecasts, analysts predict Comstock Inc. (LODE) will achieve an average price target of $3.75.
