The stock of Comstock Inc (AMEX: LODE) has increased by 10.38 when compared to last closing price of 0.29.Despite this, the company has seen a gain of 9.97% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-04 that Comstock Inc. (LODE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Is It Worth Investing in Comstock Inc (AMEX: LODE) Right Now?
Comstock Inc (AMEX: LODE) has a price-to-earnings ratio of 4.77x that is above its average ratio. Additionally, the 36-month beta value for LODE is 2.03. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for LODE is 111.41M and currently, short sellers hold a 1.11% ratio of that float. The average trading volume of LODE on April 25, 2024 was 626.62K shares.
LODE’s Market Performance
LODE stock saw a decrease of 9.97% in the past week, with a monthly decline of -5.88% and a quarterly a decrease of -31.33%. The volatility ratio for the week is 11.51%, and the volatility levels for the last 30 days are 9.47% for Comstock Inc (LODE). The simple moving average for the past 20 days is -2.42% for LODE’s stock, with a -30.16% simple moving average for the past 200 days.
Analysts’ Opinion of LODE
Many brokerage firms have already submitted their reports for LODE stocks, with Singular Research repeating the rating for LODE by listing it as a “Buy.” The predicted price for LODE in the upcoming period, according to Singular Research is $2.25 based on the research report published on April 23, 2014 of the previous year 2014.
Global Hunter Securities, on the other hand, stated in their research note that they expect to see LODE reach a price target of $3.50. The rating they have provided for LODE stocks is “Speculative Buy” according to the report published on March 16th, 2012.
LODE Trading at -16.22% from the 50-Day Moving Average
After a stumble in the market that brought LODE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.64% of loss for the given period.
Volatility was left at 9.47%, however, over the last 30 days, the volatility rate increased by 11.51%, as shares sank -11.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.33% lower at present.
During the last 5 trading sessions, LODE rose by +9.97%, which changed the moving average for the period of 200-days by -53.62% in comparison to the 20-day moving average, which settled at $0.3259. In addition, Comstock Inc saw -41.61% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LODE starting from Drozdoff Leo M, who purchase 40,000 shares at the price of $0.47 back on Nov 09 ’23. After this action, Drozdoff Leo M now owns 400,000 shares of Comstock Inc, valued at $18,600 using the latest closing price.
MCCARTHY WILLIAM JOSEPH, the Chief Operating Officer of Comstock Inc, purchase 24,000 shares at $0.41 during a trade that took place back on Oct 27 ’23, which means that MCCARTHY WILLIAM JOSEPH is holding 1,524,000 shares at $9,744 based on the most recent closing price.
Stock Fundamentals for LODE
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 1.0 for the gross margin
The net margin for Comstock Inc stands at 39.24. The total capital return value is set at -0.14. Equity return is now at value 13.89, with 8.87 for asset returns.
Based on Comstock Inc (LODE), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at -1.27. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is -12.54.
Currently, EBITDA for the company is -17.01 million with net debt to EBITDA at -0.67. When we switch over and look at the enterprise to sales, we see a ratio of -0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.
Conclusion
In conclusion, Comstock Inc (LODE) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
