Check out this: Volcon Inc (VLCN) could be on the verge of a big rally

Volcon Inc (NASDAQ: VLCN) is -58.52% lower on its value in year-to-date trading and has touched a low of $1.58 and a high of $393.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VLCN stock was last observed hovering at around $1.87 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $1.85, the stock is -59.31% and -60.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.9 million and changing -1.07% at the moment leaves the stock -98.05% off its SMA200. VLCN registered -99.50% loss for a year compared to 6-month loss of -98.35%. The firm has a 50-day simple moving average (SMA 50) of $11.50 and a 200-day simple moving average (SMA200) of -$0.78.

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The stock witnessed a -58.47% gain in the last 1 month and extending the period to 3 months gives it a -94.73%, and is -42.55% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 41.84% over the week and 29.11% over the month.

Profit margin for the company is -1688.50%. Distance from 52-week low is 17.09% and -99.53% from its 52-week high.

Volcon Inc quarterly earnings per share for the current quarter are estimated at -$60.75 with sales reaching $1.71M over the same period., but quarterly earnings will post -9.80% year-over-year. Quarterly sales are estimated to grow 127.40% in year-over-year returns.

Volcon Inc (VLCN) Top Institutional Holders

22 institutions hold shares in Volcon Inc (VLCN), with institutional investors hold 2.69% of the company’s shares. The shares outstanding are 0.29M, and float is at 0.25M with Short Float at 59.11%. Institutions hold 2.62% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 0.1 million shares valued at $0.29 million. The investor’s holdings represent 0.31% of the VLCN Shares outstanding. As of Jun 29, 2023, the second largest holder is Walleye Capital LLC with 36911.0 shares valued at $0.11 million to account for 0.12% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 27999.0 shares representing 0.09% and valued at over $79755.0, while Blackrock Inc. holds 0.07% of the shares totaling 22030.0 with a market value of $62752.0.

Volcon Inc (VLCN) Insider Activity

A total of 0 insider transactions have happened at Volcon Inc (VLCN) in the last six months, with sales accounting for 0 and purchases happening 0 times.