A new trading day began on November 20, 2023, with Volcon Inc (NASDAQ: VLCN) stock priced at $0.2274, down -7.25% from the previous day of trading. During the day, the shares moved up to $0.2316 and dropped to $0.20 before settling in for the closing price of $0.22. VLCN’s price has ranged from $0.20 to $10.00 over the past 52 weeks.
Annual sales at Consumer Cyclical sector company grew by 456.52% over the past five years. Meanwhile, its annual earnings per share averaged -14.48%. With a float of $4.82 million, this company’s outstanding shares have now reached $4.89 million.
Let’s look at the performance matrix of the company that is accounted for 52 employees. In terms of profitability, gross margin is -221.25, operating margin of -705.21, and the pretax margin is -752.97.
Volcon Inc (VLCN) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Manufacturers Industry. The insider ownership of Volcon Inc is 21.30%, while institutional ownership is 4.37%.
Volcon Inc (VLCN) Latest Financial update
In its latest quarterly report, released on 6/29/2023, the company reported earnings of -$4.25 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -752.97 while generating a return on equity of -986.72. Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.35 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -14.48% per share during the next fiscal year.
Volcon Inc (NASDAQ: VLCN) Trading Performance Indicators
Here are Volcon Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.17. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -9.17, a number that is poised to hit -1.35 in the next quarter and is forecasted to reach -5.30 in one year’s time.
Technical Analysis of Volcon Inc (VLCN)
Volcon Inc (NASDAQ: VLCN) saw its 5-day average volume 2.6 million, a positive change from its year-to-date volume of 92518.0. As of the previous 9 days, the stock’s Stochastic %D was 2.06%. Additionally, its Average True Range was 0.18.
During the past 100 days, Volcon Inc’s (VLCN) raw stochastic average was set at 0.10%, which indicates a significant decrease from 0.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 407.19% in the past 14 days, which was higher than the 205.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.5523, while its 200-day Moving Average is $4.1611. Nevertheless, the first resistance level for the watch stands at $0.2233 in the near term. At $0.2432, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.2549. If the price goes on to break the first support level at $0.1917, it is likely to go to the next support level at $0.1800. The third support level lies at $0.1601 if the price breaches the second support level.
Volcon Inc (NASDAQ: VLCN) Key Stats
With a market capitalization of 1.24 million, the company has a total of 6,819K Shares Outstanding. Currently, annual sales are 4,550 K while annual income is -34,240 K. The company’s previous quarter sales were 490 K while its latest quarter income was -11,330 K.