Volcon Inc (NASDAQ:VLCN) traded at $0.25 at close of the session on Friday, April 26, made a downward move of -3.92% on its previous day’s price.
Looking at the stock we see that its previous close was $0.26 . In terms of its 52-week price range, VLCN has a high of $306.00 and a low of $0.21. The company’s stock has lost about -62.84% over that past 30 days.
Volcon Inc has a market cap of $5.22 million. Estimates by analysts give the company expected earnings per share (EPS) of -$60.75, with the EPS growth for the year raised at -$373.5 for 2023 and -$238.5 for next year. These figures represent -14.50% and 36.10% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.08 million, with a low of $1.71 million and a high of $1.71 million. The median projection represents growth squeezing down to 44.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $3.26 million, or -28.30% down from figures reported last year.
On the other hand, looking at the outlook for the VLCN stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -22.46% off its SMA20 and -62.53% from its 50-day simple moving average. The RSI (14) is pointing at 29.82 while the volatility over the past week is 22.74% and jumps to 18.68% over the past one month. The beta value is -0.70, while the average true range (ATR) is currently pointing at 0.10.
Coming back to Volcon Inc (NASDAQ:VLCN), we note that the average 3-month trading volume was 4.95 million. Current shares outstanding are 20.65 million.
The insiders hold 11.17% of the company’s shares while institutions hold 0.16%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -94.33% down in year-to-date price movement.
