Comstock Inc. (AMEX: LODE) stock jumped 1.15% on Monday to $0.47 against a previous-day closing price of $0.46. With 0.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.76 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $0.4888 whereas the lowest price it dropped to was $0.4619. The 52-week range on LODE shows that it touched its highest point at $0.99 and its lowest point at $0.24 during that stretch. It currently has a 1-year price target of $3.75. Beta for the stock currently stands at 2.00.
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 14.53%, but this was down by -8.37% over a month. Three-month performance dropped to -49.74% while six-month performance rose 32.98%. The stock lost -5.62% in the past year, while it has gained 69.93% so far this year.
Float and Shares Shorts:
At present, 101.38 million LODE shares are outstanding with a float of 99.35 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.57 million, which was 0.52% higher than short shares on Jul 30, 2023.
Through their ownership of 4.55% of LODE’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.69% of LODE, in contrast to 2.92% held by mutual funds. Shares owned by individuals account for 1.63%. As the largest shareholder in LODE with 2.02% of the stake, The Vanguard Group, Inc. holds 2,214,099 shares worth 2,214,099. A second-largest stockholder of LODE, Geode Capital Management LLC, holds 701,485 shares, controlling over 0.64% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in LODE, holding 538,206 shares or 0.49% stake. With a 1.97% stake in LODE, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 2,159,157 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.90% of LODE stock, is the second-largest Mutual Fund holder. It holds 984,221 shares valued at 0.38 million. Fidelity Extended Market Index Fu holds 0.39% of the stake in LODE, owning 429,569 shares worth 0.17 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, LODE reported revenue of $52.92k and operating income of -$5.84M. The EBITDA in the recently reported quarter was -$5.38M and diluted EPS was -$0.20.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LODE since 0 analysts follow the stock currently. 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 $3.75 and a low target of $3.75, the average target price over the next 12 months is $3.75. Based on these targets, LODE could surge 697.87% to reach the target high and rise by 697.87% to reach the target low. Reaching the average price target will result in a growth of 697.87% 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.
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 remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.