Volcon Inc (NASDAQ: VLCN) Recovers 58.28% From 52-Week Low, Is VLCN Still A High-Risk, High-Reward Play?

Volcon Inc (NASDAQ:VLCN) currently has a daily average trading volume of 5.14M but it saw 1360389 shares traded in last market. With a market cap of 6.93M USD, the company’s current market price of $0.34 came rising about 6.82 while comparing to the previous closing price of $0.31. In past 52 weeks, the stock remained buoying in the range of price level as high as $274.50 and as low as $0.21.

Taking a look at 20-day trading activity of Volcon Inc (VLCN) gives us an average price of $0.2749, while its current price level is -99.88% below from 52-week high level whereas it is 58.28% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.4528 while that of 200 days or SMA-200 reads an average of $35.4080. A closer look into the stock’s movement over the week reveals that its volatility is standing at 18.19% during that period while stretching the period over a month that decreases to 15.76%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 46.24 which implies that the stock is in neutral territory.

Over the week, VLCN’s stock price is moving 21.52% up while it is 33.10% when we observe its performance for the past one month. Year-to-date it is -92.48% down and over the past year, the stock is showing a downside performance of -99.87%.

Currently, Volcon Inc’s total number of outstanding shares is 20.65M. Company’s return on investment (ROI) stands at -1421.42% and return on equity (ROE) at -558.52%. Stock’s beta reads -0.50. Stock has a price to book (P/B) ratio of 1.66 while price to sale or P/S ratio amounts to 2.22. Its return on asset (ROA) is -368.67% on average.