Volcon Inc (NASDAQ: VLCN) is -62.47% lower on its value in year-to-date trading and has touched a low of $1.76 and a high of $2792.00 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 $1.83 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $1.64, the stock is -51.75% and -58.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing -10.38% at the moment leaves the stock -96.21% off its SMA200. VLCN registered -99.94% loss for a year compared to 6-month loss of -89.10%. The firm has a 50-day simple moving average (SMA 50) of $3.97428 and a 200-day simple moving average (SMA200) of $44.16075.
The stock witnessed a -62.56% gain in the last 1 month and extending the period to 3 months gives it a -73.78%, and is -52.03% 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 53.31% over the week and 19.12% over the month.
Volcon Inc (VLCN) has around 36 employees, a market worth around $0.92M and $4.13M in sales. Profit margin for the company is -1057.28%. Distance from 52-week low is -6.82% and -99.94% from its 52-week high. The company has generated returns on investments over the last 12 months (-789.48%).
11.0 institutions hold shares in Volcon Inc (VLCN), with institutional investors hold 2.84% of the company’s shares. The shares outstanding are 0.66M, and float is at 0.56M with Short Float at 13.71%. Institutions hold 2.81% 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).
