In the last trading session, 1.7 million Volcon Inc (NASDAQ:VLCN) shares changed hands as the company’s beta touched -0.28. With the company’s per share price at $0.22 changed hands at -$0.01 or -4.94% during last session, the market valuation stood at $1.34M. VLCN’s last price was a discount, traded about -4445.45% off its 52-week high of $10.00. The share price had its 52-week low at $0.20, which suggests the last value was 9.09% up since then. When we look at Volcon Inc’s average trading volume, we note the 10-day average is 1.19 million shares, with the 3-month average coming to 210.03K.
Analysts gave the Volcon Inc (VLCN) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended VLCN as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Volcon Inc’s EPS for the current quarter is expected to be -$1.35.
Volcon Inc (NASDAQ:VLCN) trade information
Instantly VLCN was in red as seen at the end of in last trading. With action -71.79%, the performance over the past five days has been red. The drop to weekly highs of 0.8000 on Friday, 11/17/23 subtracted -4.94% to the stock’s daily price. The company’s shares are showing year-to-date downside of -95.66%, with the 5-day performance at -71.79% in the red. However, in the 30-day time frame, Volcon Inc (NASDAQ:VLCN) is -84.00% down. Looking at the short shares, we see there were 0.23 million shares sold at short interest cover period of 2.11 days.
The consensus price target for the stock as assigned by Wall Street analysts is $15.00, meaning bulls need an upside of 98.53% from its current market value. According to analyst projections, VLCN’s forecast low is $15.00 with $15.00 as the target high. To hit the forecast high, the stock’s price needs a -6718.18% plunge from its current level, while the stock would need to soar -6718.18% for it to hit the projected low.
Volcon Inc (VLCN) estimates and forecasts
Data shows that the Volcon Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -95.98% over the past 6 months, a -14.48% in annual growth rate that is considerably lower than the industry average of 15.20%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Volcon Inc will rise 15.60%, while the growth in revenue is estimated to hit 15.60% for the next quarter. Year-over-year growth is forecast to reach -9.80% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $487k. 1 analysts are of the opinion that Volcon Inc’s revenue for the quarter ending Dec 2023 will be $1.71 million. The company’s revenue for the corresponding quarters a year ago was $243k and $752k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 100.40%. The estimates for the next quarter sales put growth at 127.40%.
The 2023 estimates are for Volcon Inc earnings to decrease by -14.48%.
Volcon Inc is expected to release its next quarterly earnings report in December.
Walleye Capital LLC holds the second largest percentage of outstanding shares, with 0.71% or 48345.0 shares worth $10597.0 as of Sep 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 72527.0 shares estimated at $15897.0 under it, the former controlled 1.06% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.41% of the shares, roughly 28054.0 shares worth around $6149.0.