Volcon Inc (NASDAQ: VLCN): A Disaster In The Making Or A Gold Mine?

In the last trading session, 1.02 million shares of the Volcon Inc (NASDAQ:VLCN) were traded, and its beta was -1.02. Most recently the company’s share price was $1.26, and it changed around -$0.24 or -16.00% from the last close, which brings the market valuation of the company to $3.66M. VLCN currently trades at a discount to its 52-week high of $2632.00, offering almost -208788.89% off that amount. The share price’s 52-week low was $1.48, which indicates that the current value has fallen by an impressive -17.46% since then. We note from Volcon Inc’s average daily trading volume that its 10-day average is 6.14 million shares, with the 3-month average coming to 1.05 million.

Volcon Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended VLCN as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Volcon Inc is expected to report earnings per share of 0 for the current quarter.

Volcon Inc (NASDAQ:VLCN) trade information

Instantly VLCN has showed a red trend with a performance of -16.00% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 10.1000 on recent trading dayincreased the stock’s daily price by 87.52%. The company’s shares are currently down -71.17% year-to-date, but still down -62.28% over the last five days. On the other hand, Volcon Inc (NASDAQ:VLCN) is -69.19% down in the 30-day period. We can see from the shorts that 76758.0 shares have been sold at a short interest cover period of 2.78 day(s).

VLCN Dividends

Volcon Inc’s next quarterly earnings report is expected to be released in March.

Volcon Inc (NASDAQ:VLCN)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.70% of Volcon Inc shares, and 2.40% of them are in the hands of institutional investors. The stock currently has a share float of 2.41%.