Investors Getting Picky When It Comes To Buying Volcon Inc (VLCN)

Volcon Inc (NASDAQ:VLCN) does about 1.10M shares in volume on a normal day but saw 734558 shares change hands in the recent trading day. The company now has a market cap of 1.28M USD. Its current market price is $3.89, marking an increase of 2.37% compared to the previous close of $3.80. The 52 week high reached by this stock is $16425.00 whilst the lowest price level in 52 weeks is $3.36.

Volcon Inc (VLCN) has a 20-day trading average at $4.99 and the current price is -99.98% off the 52-week high compared with 15.77% distance from its 52-week low. The 50-day simple moving average of the closing price is $16.25 and its 200-day simple moving average is $1,497.78. If we look at the stock’s price movements over the week, volatility stands at 23.62%, which increases to 34.52% 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 30.50 to suggest the stock is neutral.

The consensus objective for the share price is $67500.00, suggesting that the stock has a potential upside of 99.99% over the period.

Volcon Inc (VLCN) stock is down -16.52% over the week and -72.21% over the past month. Its price is -99.13% year-to-date and -99.97% over the past year.

To reach the target analysts have set, the stock logically needs to grow 99.99 percent from here.

The company has a return on investment of -1421.42%. The beta has a value of -0.91. Price to book ratio is 0.19 and price to sales ratio is 0.41.