LODE Should I Buy
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Comstock Inc (LODE) is not a good buy at the moment for a beginner investor with a long-term strategy. The company faces significant financial challenges, including a sharp decline in revenue, negative earnings, and deteriorating margins. Additionally, the lack of strong positive trading signals, neutral insider and hedge fund sentiment, and a recent analyst downgrade further diminish its appeal. While the company's solar panel recycling initiative is a positive development, it is still in its early stages and does not offset the broader concerns.
The stock's MACD is negative and contracting, RSI is neutral at 33.244, and moving averages are converging, indicating no clear trend. The stock is trading below the pivot level of 2.752, with key support at 2.452 and resistance at 3.052. Overall, the technical indicators suggest a weak or uncertain trend.
Comstock Metals has secured $900,000 in tax abatements for its zero-landfill solar panel recycling facility, which is expected to begin production in Q2 2026 and create jobs.
The company faces significant near-term capital needs, as highlighted by the recent analyst downgrade. Financial performance has been poor, with revenue down 90.28% YoY and gross margin deeply negative. The stock also has a 70% chance of declining further in the next day.
In Q3 2025, revenue dropped by 90.28% YoY to $54,079, net income fell by 13.89% YoY to -$12,888,336, and EPS decreased by 61.25% YoY to -0.31. Gross margin was deeply negative at -2649.02%, reflecting severe financial challenges.
Noble Capital downgraded the stock to Market Perform from Outperform, citing significant near-term capital needs and uncertainty around the company's future plans. This downgrade reflects a cautious outlook on the stock.
