Comstock Mining Stock Beta
| LODE Stock | USD 3.14 0.14 4.27% |
Fundamental analysis of Comstock Mining allows traders to better anticipate movements in Comstock Mining's stock price by examining its financial health and performance throughout various phases of its business cycle.
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Comstock Mining Company Beta Analysis
Comstock Mining's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Comstock Mining Beta | 1.57 |
Most of Comstock Mining's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Comstock Mining is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Comstock Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Comstock Mining is extremely important. It helps to project a fair market value of Comstock Stock properly, considering its historical fundamentals such as Beta. Since Comstock Mining's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Comstock Mining's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Comstock Mining's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Comstock Mining has a Beta of 1.566. This is 117.5% higher than that of the Metals & Mining sector and 33.85% higher than that of the Materials industry. The beta for all United States stocks is notably lower than that of the firm.
Comstock Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Comstock Mining's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Comstock Mining could also be used in its relative valuation, which is a method of valuing Comstock Mining by comparing valuation metrics of similar companies.Comstock Mining is currently under evaluation in beta category among its peers.
Comstock Mining Current Valuation Drivers
We derive many important indicators used in calculating different scores of Comstock Mining from analyzing Comstock Mining's financial statements. These drivers represent accounts that assess Comstock Mining's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Comstock Mining's important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 3.2M | 6.5M | 20.5M | 57.6M | 51.8M | 54.4M | |
| Enterprise Value | 4.3M | 18.1M | 26.7M | 64.8M | 58.3M | 61.2M |
Comstock Mining ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Comstock Mining's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Comstock Mining's managers, analysts, and investors.Environmental | Governance | Social |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Comstock Mining will likely underperform.
Comstock Fundamentals
| Return On Equity | -0.83 | ||||
| Return On Asset | -0.2 | ||||
| Operating Margin | (8.96) % | ||||
| Current Valuation | 132.11 M | ||||
| Shares Outstanding | 32.42 M | ||||
| Shares Owned By Insiders | 4.09 % | ||||
| Shares Owned By Institutions | 7.49 % | ||||
| Number Of Shares Shorted | 1.75 M | ||||
| Price To Earning | 0.72 X | ||||
| Price To Book | 1.71 X | ||||
| Price To Sales | 30.15 X | ||||
| Revenue | 3.02 M | ||||
| Gross Profit | 2.04 M | ||||
| EBITDA | (47.72 M) | ||||
| Net Income | (53.4 M) | ||||
| Cash And Equivalents | 4.66 M | ||||
| Cash Per Share | 0.06 X | ||||
| Total Debt | 13.8 M | ||||
| Debt To Equity | 0.24 % | ||||
| Current Ratio | 0.36 X | ||||
| Book Value Per Share | 2.21 X | ||||
| Cash Flow From Operations | (13.94 M) | ||||
| Short Ratio | 4.11 X | ||||
| Earnings Per Share | (2.99) X | ||||
| Target Price | 12.0 | ||||
| Number Of Employees | 46 | ||||
| Beta | 1.57 | ||||
| Market Capitalization | 101.79 M | ||||
| Total Asset | 91.31 M | ||||
| Retained Earnings | (335.65 M) | ||||
| Working Capital | 4.45 M | ||||
| Current Asset | 5.65 M | ||||
| Current Liabilities | 12.14 M | ||||
| Net Asset | 91.31 M |
About Comstock Mining Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Comstock Mining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Comstock Mining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Comstock Mining based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Comstock Mining is a strong investment it is important to analyze Comstock Mining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Comstock Mining's future performance. For an informed investment choice regarding Comstock Stock, refer to the following important reports:Check out Comstock Mining Piotroski F Score and Comstock Mining Altman Z Score analysis. For information on how to trade Comstock Stock refer to our How to Trade Comstock Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Comstock Mining. If investors know Comstock will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Comstock Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 26.933 | Earnings Share (2.99) | Revenue Per Share | Quarterly Revenue Growth 0.845 | Return On Assets |
The market value of Comstock Mining is measured differently than its book value, which is the value of Comstock that is recorded on the company's balance sheet. Investors also form their own opinion of Comstock Mining's value that differs from its market value or its book value, called intrinsic value, which is Comstock Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Comstock Mining's market value can be influenced by many factors that don't directly affect Comstock Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Comstock Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Comstock Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comstock Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.