Comstock Inc. (AMEX:LODE) saw an upside of 6.38% to $0.50 after adding $0.03on Wednesday. The 5-day average trading volume is 694,025 shares of the company’s common stock. It has gained $0.5350 in the past week and touched a new high 1 time within the past 5 days. An average of 894,651 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 992,622.
LODE’s 1-month performance is -18.03% or -$0.1950 on its low of $0.4250 reached on 08/10/23. The company’s shares have touched a 52-week low of $0.24 and high of $0.99, with the stock’s rally to the 52-week high happening on 06/15/23. YTD, LODE has achieved 81.82% or $0.2250 and has reached a new high 14 times. However, the current price is down -49.44% from the 52-week high price.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
LODE stock has a beta of 2.02. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 604.75 while the price-to-book (PB) in the most recent quarter is 1.04.
Comstock Inc.’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 0.90. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.08, while the total debt to equity was 0.72. The firm’s gross profit as reported stood at $0.18 million against revenue of $0.18 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -151.74% to -$5.47 million, while revenue of -$5.67 million was -3.66% off the previous quarter. Analysts expected LODE to announce -$0.02 per share in earnings in its latest quarter, but it posted -$0.05, representing a -150.00% surprise. EBITDA for the quarter stood at more than -$5.04 million. LODE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 53.89 million, with total debt at $7.42 million. Shareholders hold equity totaling $109.86 million.
Let’s look briefly at Comstock Inc. (LODE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 46.26% to suggest the stock is trending Neutral, with historical volatility in this time period at 120.63%.
The stock’s 5-day moving average is $0.4813, reflecting a -1.96% or -$0.0100 change from its current price. LODE is currently trading -17.90% above its 20-day SMA, +51.06% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -26.75% and SMA200 by+26.58%.
Stochastic %K and %D was 35.72% and 31.35% and the average true range (ATR) pointed at 0.0510. The RSI (14) points at 43.75%, while the 14-day stochastic is at 50.68% with the period’s ATR at 0.0543. The stock’s 9-day MACD Oscillator is pointing at -0.0239 and -0.0171 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Comstock Inc. (AMEX: LODE), Singular Research launched coverage with a Buy rating.
