Volcon Inc (VLCN) Down -99.92% From Its 52-Week High, But Growth Potential Is Changing Over Time

Volcon Inc (NASDAQ:VLCN) currently has a daily average trading volume of 2.94M but it saw 6468638 shares traded in last market. With a market cap of 3.51M USD, the company’s current market price of $0.14 came rising about 4.87 while comparing to the previous closing price of $0.13. In past 52 weeks, the stock remained buoying in the range of price level as high as $173.25 and as low as $0.12.

Taking a look at 20-day trading activity of Volcon Inc (VLCN) gives us an average price of $0.2360, while its current price level is -99.92% below from 52-week high level whereas it is 15.13% 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 $0.2844 while that of 200 days or SMA-200 reads an average of $26.7164. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.82% during that period while stretching the period over a month that increases to 15.94%. 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 30.68 which implies that the stock is in neutral territory.

Over the week, VLCN’s stock price is moving -25.25% down while it is -52.53% when we observe its performance for the past one month. Year-to-date it is -96.86% down and over the past year, the stock is showing a downside performance of -99.92%.

Currently, Volcon Inc’s total number of outstanding shares is 25.10M. Company’s return on investment (ROI) stands at -1421.42% and return on equity (ROE) at -558.52%. Stock’s beta reads -0.75. Stock has a price to book (P/B) ratio of 0.69 while price to sale or P/S ratio amounts to 1.13. Its return on asset (ROA) is -368.67% on average.