The stock of Comstock Inc (LODE) has seen a -0.71% decrease in the past week, with a -23.75% drop in the past month, and a -48.41% decrease in the past quarter. The volatility ratio for the week is 11.99%, and the volatility levels for the past 30 days are at 10.30% for LODE. The simple moving average for the last 20 days is -15.13% for LODE stock, with a simple moving average of -42.91% for the last 200 days.
Is It Worth Investing in Comstock Inc (AMEX: LODE) Right Now?
Comstock Inc (AMEX: LODE) has a higher price-to-earnings ratio of 3.68x compared to its average ratio, The 36-month beta value for LODE is at 1.96. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LODE is 125.72M, and currently, shorts hold a 0.97% of that float. The average trading volume for LODE on May 08, 2024 was 744.29K shares.
LODE) stock’s latest price update
Comstock Inc (AMEX: LODE)’s stock price has decreased by -0.36 compared to its previous closing price of 0.25. However, the company has seen a -0.71% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-30 that Comstock Inc. (NYSE:LODE ) Q1 2024 Earnings Conference Call April 30, 2024 8:00 AM ET Company Participants Trevor Brucato – RB Milestone Group, LLC Corrado De Gasperis – Executive Chairman and Chief Executive Officer William McCarthy – Chief Operating Officer Conference Call Participants Trevor Brucato Good morning, ladies and gentlemen. Welcome to Comstock’s First Quarter 2024 Results and Business Update.
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 -27.29% 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 -74.71% of loss for the given period.
Volatility was left at 10.30%, however, over the last 30 days, the volatility rate increased by 11.99%, as shares sank -20.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -44.58% lower at present.
During the last 5 trading sessions, LODE rose by +0.79%, which changed the moving average for the period of 200-days by -61.03% in comparison to the 20-day moving average, which settled at $0.2914. In addition, Comstock Inc saw -54.36% 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:
- -7.29 for the present operating margin
- -0.76 for the gross margin
The net margin for Comstock Inc stands at 4.75. The total capital return value is set at -0.14. Equity return is now at value 12.64, with 7.56 for asset returns.
Based on Comstock Inc (LODE), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at -1.2. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 28.4.
Currently, EBITDA for the company is -17.01 million with net debt to EBITDA at -1.2. When we switch over and look at the enterprise to sales, we see a ratio of 28.23. The receivables turnover for the company is 6.68for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
In conclusion, Comstock Inc (LODE) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
