Comstock (NYSE:LODE) Shares Down 4.1% - Time to Sell?

Comstock Inc. (NYSE:LODE - Get Free Report)'s stock price traded down 4.1% during mid-day trading on Friday . The company traded as low as $0.28 and last traded at $0.31. 2,776,894 shares were traded during trading, a decline of 11% from the average session volume of 3,126,208 shares. The stock had previously closed at $0.32.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Noble Financial raised Comstock from a "market perform" rating to an "outperform" rating and set a $2.60 target price for the company in a research report on Monday, August 12th. StockNews.com began coverage on shares of Comstock in a report on Saturday, September 21st. They set a "sell" rating for the company.

Comstock Stock Performance

The business has a 50-day moving average of $0.41 and a 200 day moving average of $0.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.45 and a quick ratio of 2.45. The company has a market cap of $65.53 million, a PE ratio of -2.59 and a beta of 1.99.

Comstock (NYSE:LODE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $0.56 million for the quarter, compared to analysts' expectations of $0.69 million. Comstock had a negative net margin of 1,210.13% and a negative return on equity of 33.56%. Equities research analysts anticipate that Comstock Inc. will post -0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Comstock

A number of institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new position in Comstock during the third quarter valued at approximately $36,000. Farther Finance Advisors LLC raised its position in shares of Comstock by 19.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,356,958 shares of the company's stock valued at $223,000 after purchasing an additional 219,622 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Comstock by 137.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,868,334 shares of the company's stock valued at $470,000 after buying an additional 1,662,524 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Comstock by 54.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,604,151 shares of the company's stock worth $759,000 after buying an additional 568,721 shares during the period. 7.96% of the stock is owned by institutional investors.

About Comstock

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.