Comstock Mining Inc. [LODE] is 294.23% higher this YTD. Is it still time to buy?

Comstock Mining Inc. [AMEX: LODE] plunged by -$0.42 during the normal trading session on Wednesday and reaching a high of $4.80 during the day while it closed the day at $4.10. The company report on March 8, 2021 that Comstock Mining Announces Notice of 2020 Year End Results and Business Update Webcast Via Zoom.

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Comstock Mining Inc. (NYSE American: LODE), an emerging leader in climate-smart, sustainable mineral development and production, will host a conference call on Thursday, March 11, 2021 at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time to report its 2020 year end results and provide a business update. The Webcast will include a moderated Q&A, after the prepared remarks. Please join the event 5-10 minutes prior to the scheduled start time. The link and/or dial-in telephone numbers for the live Webcast are as follows:.

Join Zoom Meeting.

Comstock Mining Inc. stock has also loss -14.41% of its value over the past 7 days. However, LODE stock has inclined by 283.18% in the 3 months of the year. Over the past six months meanwhile, it has gained 283.18% and gained 294.23% year-on date.

The market cap for LODE stock reached $334.35 million, with 32.08 million shares outstanding and 28.46 million shares in the current float. Compared to the average trading volume of 11.04M shares, LODE reached a trading volume of 5401101 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Comstock Mining Inc. [LODE]:

Singular Research have made an estimate for Comstock Mining Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 23, 2014. While these analysts kept the previous recommendation, Global Hunter Securities raised their target price to Speculative Buy. The new note on the price target was released on March 16, 2012, representing the official price target for Comstock Mining Inc. stock.

The Average True Range (ATR) for Comstock Mining Inc. is set at 0.96, with the Price to Sales ratio for LODE stock in the period of the last 12 months amounting to 1671.77. The Price to Book ratio for the last quarter was 3.73, with the Price to Cash per share for the same quarter was set at 0.14.

LODE stock trade performance evaluation

Comstock Mining Inc. [LODE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.41. With this latest performance, LODE shares gained by 94.31% in over the last four-week period, additionally plugging by 283.18% over the last 6 months – not to mention a rise of 751.33% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LODE stock in for the last two-week period is set at 52.02, with the RSI for the last a single of trading hit 46.65, and the three-weeks RSI is set at 54.76 for Comstock Mining Inc. [LODE]. The present Moving Average for the last 50 days of trading for this stock 2.61, while it was recorded at 4.27 for the last single week of trading, and 1.37 for the last 200 days.

Comstock Mining Inc. [LODE]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Comstock Mining Inc. [LODE] shares currently have an operating margin of -2975.22 and a Gross Margin at -1134.13. Comstock Mining Inc.’s Net Margin is presently recorded at -2118.28.

Return on Total Capital for LODE is now -22.50, given the latest momentum, and Return on Invested Capital for the company is -16.34. Return on Equity for this stock declined to -23.34, with Return on Assets sitting at -11.16. When it comes to the capital structure of this company, Comstock Mining Inc. [LODE] has a Total Debt to Total Equity ratio set at 23.50. Additionally, LODE Total Debt to Total Capital is recorded at 19.03, with Total Debt to Total Assets ending up at 13.79. Long-Term Debt to Equity for the company is recorded at 22.05, with the Long-Term Debt to Total Capital now at 17.85.

Reflecting on the efficiency of the workforce at the company, Comstock Mining Inc. [LODE] managed to generate an average of -$380,510 per employee.Comstock Mining Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.10 and a Current Ratio set at 4.10.

Comstock Mining Inc. [LODE]: Insider Ownership positions

There are presently around $9 million, or 4.40% of LODE stock, in the hands of institutional investors. The top three institutional holders of LODE stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 751,275, which is approximately -7.997% of the company’s market cap and around 1.20% of the total institutional ownership; VAN DEN BERG MANAGEMENT I, INC, holding 314,007 shares of the stock with an approximate value of $1.29 million in LODE stocks shares; and TWO SIGMA INVESTMENTS, LP, currently with $1.02 million in LODE stock with ownership of nearly New of the company’s market capitalization.

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Positions in Comstock Mining Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 16 institutional holders increased their position in Comstock Mining Inc. [AMEX:LODE] by around 654,856 shares. Additionally, 7 investors decreased positions by around 119,197 shares, while 10 investors held positions by with 1,542,070 shares. The mentioned changes placed institutional holdings at 2,316,123 shares, according to the latest SEC report filing. LODE stock had 7 new institutional investments in for a total of 507,701 shares, while 4 institutional investors sold positions of 36,902 shares during the same period.

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