Market Analysts see Comstock Inc [LODE] gaining to $2.25. Time to buy?

Comstock Inc [AMEX: LODE] traded at a high on Thursday, posting a 9.38 gain after which it closed the day’ session at $0.16.

The results of the trading session contributed to over 172024308 shares changing hands. Over the past one week, the price volatility of Comstock Inc stands at 22.73% while the volatility over the past one month is 12.20%.

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The market cap for LODE stock reached $27.37 million, with 166.39 million shares outstanding and 152.11 million shares in the current float. Compared to the average trading volume of 2.28M shares, LODE reached a trading volume of 172024308 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Comstock Inc [LODE]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LODE shares is $4.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LODE stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Singular Research have made an estimate for Comstock 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 Inc stock.

The Average True Range (ATR) for Comstock Inc is set at 0.02, with the Price to Sales ratio for LODE stock in the period of the last 12 months amounting to 16.39. The Price to Book ratio for the last quarter was 0.27, with the Price to Cash per share for the same quarter was set at 0.12.

How has LODE stock performed recently?

Comstock Inc [LODE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.58. With this latest performance, LODE shares gained by 2.81% in over the last four-week period, additionally sinking by -66.07% over the last 6 months – not to mention a drop of -66.47% 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 50.95, with the RSI for the last a single of trading hit 56.85, and the three-weeks RSI is set at 47.05 for Comstock Inc [LODE]. The present Moving Average for the last 50 days of trading for this stock 0.1783, while it was recorded at 0.1487 for the last single week of trading, and 0.3542 for the last 200 days.

Comstock Inc [LODE]: Deeper insight into the fundamentals

Comstock Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.49 and a Current Ratio set at 1.49.

Insider trade positions for Comstock Inc [LODE]

The top three institutional holders of LODE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in LODE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in LODE stock with ownership which is approximately 5.1238%.

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