The stock of Comstock Inc (LODE) has gone up by 32.38% for the week, with a 124.65% rise in the past month and a 127.01% rise in the past quarter. The volatility ratio for the week is 18.21%, and the volatility levels for the past 30 days are 16.90% for LODE. The simple moving average for the last 20 days is 35.83% for LODE stock, with a simple moving average of 21.20% for the last 200 days.
Is It Worth Investing in Comstock Inc (AMEX: LODE) Right Now?
The price-to-earnings ratio for Comstock Inc (AMEX: LODE) is above average at 6.32x, Company’s 36-month beta value is 1.91.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for LODE is 163.22M, and currently, short sellers hold a 2.29% ratio of that floaft. The average trading volume of LODE on September 24, 2024 was 7.22M shares.
LODE) stock’s latest price update
Comstock Inc (AMEX: LODE)’s stock price has increased by 6.30 compared to its previous closing price of 0.37. However, the company has seen a 32.38% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-19 that VIRGINIA CITY, Nev., Sept. 19, 2024 (GLOBE NEWSWIRE) — Comstock Inc. (NYSE American: LODE) (“Comstock”) a leader in hard technology developments enabling clean energy, recently announced new revenue contracts for its solar panel recycling business, an international equity partnership with revenue and royalty generating agreements for its low carbon, lignocellulosic fuels business, certain asset sales and an indicative term sheet for $325 million in gross funding through SBC Commerce LLC (“SBCC”), a U.S. based, globally positioned, private equity group. Today, the Company announced an additional convertible debt financing of $3.5 million, with an option for an additional $1.5 million, to provide the liquidity and capacity to continue the fast pace of commercial transaction execution in the fuels and metals segments. The remainder of the Comstock’s convertible debt has been either converted, redeemed or extinguished.
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 85.31% 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 -37.89% of loss for the given period.
Volatility was left at 16.90%, however, over the last 30 days, the volatility rate increased by 18.21%, as shares surge +104.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +118.49% upper at present.
During the last 5 trading sessions, LODE rose by +32.38%, which changed the moving average for the period of 200-days by -13.72% in comparison to the 20-day moving average, which settled at $0.2971. In addition, Comstock Inc saw -28.83% 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 200,000 shares at the price of $0.15 back on Aug 14 ’24. After this action, Drozdoff Leo M now owns 600,000 shares of Comstock Inc, valued at $29,200 using the latest closing price.
BOBBILI RAHUL, the Chief Engineering Officer of Comstock Inc, purchase 25,000 shares at $0.25 during a trade that took place back on May 28 ’24, which means that BOBBILI RAHUL is holding 1,100,000 shares at $6,350 based on the most recent closing price.
Stock Fundamentals for LODE
Current profitability levels for the company are sitting at:
- -5.71 for the present operating margin
- -0.4 for the gross margin
The net margin for Comstock Inc stands at 2.3. The total capital return value is set at -0.13. Equity return is now at value 7.72, with 4.55 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 -1.21. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 525.59.
Currently, EBITDA for the company is -17.01 million with net debt to EBITDA at -1.17. When we switch over and look at the enterprise to sales, we see a ratio of 38.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.14.
Conclusion
In a nutshell, Comstock Inc (LODE) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
