Comstock Mining Inc. (AMEX:LODE) shares traded higher over the last trading session, gaining 9.37% on 05/25/21. The shares fell to a low of $3.48 before closing at $3.85. Intraday shares traded counted 7.3 million, which was -370.73% lower than its 30-day average trading volume of 1.55M. LODE’s previous close was $3.52 while the outstanding shares total 37.74M. The firm has a beta of 1.96, a 12-month trailing P/E ratio of 5.48. The stock’s Relative Strength Index (RSI) is 54.71, with weekly volatility at 9.59% and ATR at 0.33. The LODE stock’s 52-week price range has touched low of $0.51 and a $9.85 high.
Investors have identified the Real Estate Services company Comstock Mining Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $167.78 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Comstock Mining Inc. (LODE) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 40.38 million total, with 1.18 million as their total liabilities.
LODE were able to record -2.25 million as free cash flow during the 08/16/2021 quarter of the year, this saw their quarterly net cash flow reduce by 7.86 million. In cash movements, the company had a total of -2.21 million as operating cash flow.
Potential earnings growth for Comstock Mining Inc. (LODE)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/16/2021 quarter of the year, Comstock Mining Inc. recorded a total of 49000.0 in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 2.04% coming in sequential stages and their sales for the 08/16/2021 quarter reducing by -14.29%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 72000.0 trying to sell their products during the last quarter, with the result yielding a gross income of 23000.0. This allows shareholders to hold on to 37.74M with the recently reported earning now reading 0.22 cents per share. This is a figure that compared to analyst’s prediction for their 08/16/2021 (0.02 cents a share).
Is the stock of LODE attractive?
In related news, Director, Drozdoff Leo M bought 50,000 shares of the company’s stock in a transaction that recorded on Nov 20. The purchase was performed at an average price of 0.99, for a total value of 49,500. As the purchase deal closes, the Director, Drozdoff Leo M now bought 30,000 shares of the company’s stock, valued at 30,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.40%.