Volcon Inc (NASDAQ:VLCN) does about 4.60M shares in volume on a normal day but saw 15500955 shares change hands in Tuesday trading. The company now has a market cap of 5.52M USD. Its current market price is $0.29, marking an increase of 26.38% compared to the previous close of $0.23. The 52 week high reached by this stock is $306.00 whilst the lowest price level in 52 weeks is $0.21.
Volcon Inc (VLCN) has a 20-day trading average at $0.3660 and the current price is -99.90% off the 52-week high compared with 39.03% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7345 and its 200-day simple moving average is $46.7056. If we look at the stock’s price movements over the week, volatility stands at 15.55%, which increases to 17.01% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 31.35 to suggest the stock is neutral.
The consensus objective for the share price is $675.00, suggesting that the stock has a potential upside of 99.96% over the period.
Volcon Inc (VLCN) stock is up 16.90% over the week and -56.91% over the past month. Its price is -93.39% year-to-date and -99.90% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2023, with the company’s earnings per share (EPS) of -72 above consensus estimates by 2.25. The company’s next earnings report forecasts estimating quarterly EPS at -60.75 and -373.5 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $1.08M.
To reach the target analysts have set, the stock logically needs to grow 99.96 percent from here.
The company has a return on equity of -558.52%. The beta has a value of -0.62. Price to sales ratio is 1.69.
