Volcon Inc (NASDAQ: VLCN) is -99.84% lower on its value in year-to-date trading and has touched a low of $0.73 and a high of $4284.00 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 $0.80 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $0.70, the stock is -16.99% and -31.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing -12.45% at the moment leaves the stock -98.59% off its SMA200. VLCN registered -99.98% loss for a year compared to 6-month loss of -97.69%. The firm has a 50-day simple moving average (SMA 50) of $1.0446 and a 200-day simple moving average (SMA200) of $52.153515.
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The stock witnessed a -9.38% gain in the last 1 month and extending the period to 3 months gives it a -58.33%, and is -12.43% 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 6.48% over the week and 7.82% over the month.
Volcon Inc (VLCN) has around 36 employees, a market worth around $3.69M and $3.55M in sales. Profit margin for the company is -1167.57%. Distance from 52-week low is -3.81% and -99.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-487.65%).
15.0 institutions hold shares in Volcon Inc (VLCN), with institutional investors hold 20.10% of the company’s shares. The shares float is at 4.66M with Short Float at 10.02%. Institutions hold 19.37% of the Float.
Volcon Inc (VLCN) Insider Activity
The most recent transaction is an insider purchase by SABBY MANAGEMENT, LLC, the company’s 10% Owner. SEC filings show that SABBY MANAGEMENT, LLC bought 10,000 shares of the company’s common stock on Aug 30 ’24 at a price of $1.42 per share for a total of $14156.0. Following the purchase, the insider now owns 0.77 million shares.
Volcon Inc disclosed in a document filed with the SEC on Aug 28 ’24 that SABBY MANAGEMENT, LLC (10% Owner) bought a total of 21,998 shares of the company’s common stock. The trade occurred on Aug 28 ’24 and was made at $1.50 per share for $32907.0. Following the transaction, the insider now directly holds 0.76 million shares of the VLCN stock.
Still, SEC filings show that on Aug 29 ’24, SABBY MANAGEMENT, LLC (10% Owner) acquired 3,064 shares at an average price of $1.45 for $4443.0. The insider now directly holds 764,569 shares of Volcon Inc (VLCN).
