Volcon Inc (NASDAQ:VLCN) Has Risen By -44.44 Percent Over The Past 30 Days: Will It Continue?

In last trading session, Volcon Inc (NASDAQ:VLCN) saw 0.74 million shares changing hands with its beta currently measuring -0.94. Company’s recent per share price level of $1.75 trading at $0.27 or 18.24% at ring of the bell on the day assigns it a market valuation of $8.16M. That closing price of VLCN’s stock is at a discount of -834071.43% from its 52-week high price of $14598.00 and is indicating a premium of 17.14% from its 52-week low price of $1.45. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.24 million shares which gives us an average trading volume of 1.81 million if we extend that period to 3-months.

Volcon Inc (NASDAQ:VLCN) trade information

Upright in the green during last session for gaining 18.24%, in the last five days VLCN remained trading in the green while hitting it’s week-highest on Monday, 08/12/24 when the stock touched $1.75 price level, adding 4.18% to its value on the day. Volcon Inc’s shares saw a change of -99.61% in year-to-date performance and have moved 4.17% in past 5-day. Volcon Inc (NASDAQ:VLCN) showed a performance of -44.44% in past 30-days. Number of shares sold short was 0.19 million shares which calculate 0.06 days to cover the short interests.

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Volcon Inc (VLCN) estimates and forecasts

This year revenue growth is estimated to fall -28.30% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.08M for the same. Company posted 752k and 1.17M of sales in current and next quarters respectively a year earlier.

Volcon Inc (NASDAQ:VLCN)’s Major holders

Insiders are in possession of 3.49% of company’s total shares while institution are holding 2.04 percent of that, with stock having share float percentage of 2.11%. Investors also watch the number of corporate investors in a company very closely, which is 2.04% institutions for Volcon Inc that are currently holding shares of the company.

On the other hand, Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 1.57 shares of worth $2747.0 or 0.03% of the total outstanding shares. The later fund manager was in possession of 6.0 shares on Mar 31, 2024 , making its stake of worth around $10.0 in the company or a holder of 0.00% of company’s stock.