Comstock Inc. (AMEX: LODE) stock fell -2.22% on Monday to $0.55 against a previous-day closing price of $0.56. With 0.88 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.58 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $0.5774 whereas the lowest price it dropped to was $0.5320. The 52-week range on LODE shows that it touched its highest point at $2.12 and its lowest point at $0.24 during that stretch. It currently has a 1-year price target of $4.75. Beta for the stock currently stands at 1.80.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LODE was up-trending over the past week, with a rise of 0.92%, but this was up by 97.84% over a month. Three-month performance surged to 29.53% while six-month performance fell -5.98%. The stock lost -63.82% in the past year, while it has gained 100.00% so far this year. A look at the trailing 12-month EPS for LODE yields -0.62 with Next year EPS estimates of 0.07. For the next quarter, that number is -0.05. This implies an EPS growth rate of -199.80% for this year and 117.50% for next year.
Float and Shares Shorts:
At present, 76.48 million LODE shares are outstanding with a float of 66.20 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.73 million, which was 0.93% higher than short shares on Sep 14, 2022. In addition to Mr. Corrado F. De Gasperis as the firm’s Exec. Chairman & CEO, Mr. William J. McCarthy serves as its Chief Operating Officer.
Through their ownership of 6.02% of LODE’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.54% of LODE, in contrast to 2.87% held by mutual funds. Shares owned by individuals account for 1.73%. As the largest shareholder in LODE with 1.88% of the stake, The Vanguard Group, Inc. holds 1,703,112 shares worth 1,703,112. A second-largest stockholder of LODE, Geode Capital Management LLC, holds 583,899 shares, controlling over 0.65% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in LODE, holding 269,383 shares or 0.30% stake. With a 1.19% stake in LODE, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,073,641 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.66% of LODE stock, is the second-largest Mutual Fund holder. It holds 599,939 shares valued at 0.16 million. Fidelity Extended Market Index Fu holds 0.35% of the stake in LODE, owning 314,953 shares worth 86612.0.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LODE since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LODE analysts setting a high price target of $4.75 and a low target of $4.75, the average target price over the next 12 months is $4.75. Based on these targets, LODE could surge 763.64% to reach the target high and rise by 763.64% to reach the target low. Reaching the average price target will result in a growth of 763.64% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. LODE will report FY 2022 earnings on 03/26/2024. Analysts have provided yearly estimates in a range of -$0.40 being high and -$0.40 being low. For LODE, this leads to a yearly average estimate of -$0.40. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Comstock Inc. surprised analysts by $0.01 when it reported -$0.07 EPS against a consensus estimate of -$0.08. The surprise factor in the prior quarter was -$0.14. Based on analyst estimates, the high estimate for the next quarter is -$0.05 and the low estimate is -$0.05. The average estimate for the next quarter is thus -$0.05.
Summary of Insider Activity:
Insiders traded LODE stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 50,000 while 0 shares were sold.