Comstock (NYSEAMERICAN:LODE) Trading Down 5.5% – Should You Sell?

by · The Cerbat Gem

Comstock Inc. (NYSEAMERICAN:LODE – Get Free Report) fell 5.5% during trading on Friday . The stock traded as low as $3.24 and last traded at $3.26. 619,674 shares were traded during trading, a decline of 23% from the average session volume of 799,993 shares. The stock had previously closed at $3.45.

Analysts Set New Price Targets

LODE has been the subject of several research analyst reports. LADENBURG THALM/SH SH lowered Comstock from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $12.00 to $4.00 in a research note on Monday, August 18th. Noble Financial raised Comstock from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4.00.

Get Our Latest Report on LODE

Comstock Stock Down 5.5%

The stock has a market capitalization of $167.11 million, a P/E ratio of -2.72 and a beta of 1.59. The stock has a 50 day moving average price of $3.32 and a 200-day moving average price of $3.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.54 and a quick ratio of 2.54.

Comstock (NYSEAMERICAN:LODE – Get Free Report) last issued its earnings results on Wednesday, October 29th. The company reported ($0.31) earnings per share for the quarter. The company had revenue of $0.05 million for the quarter. Comstock had a negative net margin of 1,893.74% and a negative return on equity of 58.44%. As a group, research analysts expect that Comstock Inc. will post -0.22 EPS for the current fiscal year.

Institutional Trading of Comstock

A number of institutional investors have recently modified their holdings of LODE. Alyeska Investment Group L.P. purchased a new stake in shares of Comstock in the 3rd quarter worth about $4,104,000. Qube Research & Technologies Ltd bought a new position in Comstock in the third quarter worth about $78,000. Prelude Capital Management LLC purchased a new stake in Comstock in the third quarter worth about $139,000. Mariner LLC boosted its position in Comstock by 221.1% during the 3rd quarter. Mariner LLC now owns 176,853 shares of the company’s stock valued at $605,000 after acquiring an additional 121,780 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in shares of Comstock during the 3rd quarter worth approximately $205,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

About Comstock

(Get Free Report)

Comstock Inc engages in the systemic decarbonization business in Nevada and internationally. It operates through Renewable Energy, Mining, and Strategic and Other Investments segments. It will develop technology for the deploying of extraction and refining facilities that convert wasted and unused biomass and other natural resources; and a demonstration system to extract black mass containing lithium, graphite, nickel, cobalt, manganese, copper, aluminum, and other metals from up to lithium-ion batteries.

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