Market Recap: Comstock Inc (LODE)’s Negative Momentum, Closing at 0.22

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The closing price of Comstock Inc (AMEX: LODE) was $0.22 for the day, down -11.25% from the previous closing price of $0.25. In other words, the price has decreased by -$11.25 from its previous closing price. On the day, 3.85 million shares were traded. LODE stock price reached its highest trading level at $0.2519 during the session, while it also had its lowest trading level at $0.2004.

Ratios:

Our analysis of LODE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.49 and its Current Ratio is at 1.49. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.12.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Singular Research on April 23, 2014, initiated with a Buy rating and assigned the stock a target price of $2.25.

On March 16, 2012, Global Hunter Securities started tracking the stock assigning a Speculative Buy rating and target price of $3.50.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 28 ’24 when BOBBILI RAHUL bought 25,000 shares for $0.25 per share. The transaction valued at 6,350 led to the insider holds 1,100,000 shares of the business.

BOBBILI RAHUL bought 25,000 shares of LODE for $7,258 on May 20 ’24. The Chief Engineering Officer now owns 1,075,000 shares after completing the transaction at $0.29 per share. On May 17 ’24, another insider, DEGASPERIS CORRADO, who serves as the Executive Chairman and CEO of the company, bought 1,250,000 shares for $0.40 each. As a result, the insider paid 500,000 and bolstered with 1,358,180 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LODE now has a Market Capitalization of 35017548 and an Enterprise Value of 23835490. As of this moment, Comstock’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.61 while its Price-to-Book (P/B) ratio in mrq is 0.37. Its current Enterprise Value per Revenue stands at 14.276 whereas that against EBITDA is -1.452.

Stock Price History:

Over the past 52 weeks, LODE has reached a high of $0.99, while it has fallen to a 52-week low of $0.23. The 50-Day Moving Average of the stock is -23.28%, while the 200-Day Moving Average is calculated to be -45.51%.

Shares Statistics:

LODE traded an average of 1.08M shares per day over the past three months and 1677470 shares per day over the past ten days. A total of 138.25M shares are outstanding, with a floating share count of 124.87M. Insiders hold about 9.67% of the company’s shares, while institutions hold 6.85% stake in the company. Shares short for LODE as of 1715731200 were 856818 with a Short Ratio of 0.79, compared to 1713139200 on 1224406. Therefore, it implies a Short% of Shares Outstanding of 856818 and a Short% of Float of 0.67000003.

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