The stock of Volcon Inc (NASDAQ: VLCN) has increased by 22.69 when compared to last closing price of 0.23. Despite this, the company has experienced a 13.49% gain in its stock price over the last five trading sessions. Invezz reported 2024-03-26 that Short-sellers have lost a fortune this year as American equities have continued soaring. The Nasdaq 100 and S&P 500 indices have surged to a record high and analysts expect that this trend may continue this year.
Is It Worth Investing in Volcon Inc (NASDAQ: VLCN) Right Now?
VLCN has 36-month beta value of -0.62. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for VLCN is 16.65M, and currently, short sellers hold a 1.87% ratio of that float. The average trading volume of VLCN on April 23, 2024 was 4.60M shares.
VLCN’s Market Performance
The stock of Volcon Inc (VLCN) has seen a 13.49% increase in the past week, with a -58.17% drop in the past month, and a -94.41% fall in the past quarter. The volatility ratio for the week is 8.75%, and the volatility levels for the past 30 days are at 15.22% for VLCN. The simple moving average for the past 20 days is -25.76% for VLCN’s stock, with a -99.40% simple moving average for the past 200 days.
VLCN Trading at -62.66% from the 50-Day Moving Average
After a stumble in the market that brought VLCN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.91% of loss for the given period.
Volatility was left at 15.22%, however, over the last 30 days, the volatility rate increased by 8.75%, as shares sank -61.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -85.83% lower at present.
During the last 5 trading sessions, VLCN rose by +5.16%, which changed the moving average for the period of 200-days by -99.82% in comparison to the 20-day moving average, which settled at $0.3645. In addition, Volcon Inc saw -93.59% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for VLCN
Current profitability levels for the company are sitting at:
- -9.14 for the present operating margin
- -2.49 for the gross margin
The net margin for Volcon Inc stands at -14.91. The total capital return value is set at 1.59. Equity return is now at value -558.52, with -200.98 for asset returns.
Based on Volcon Inc (VLCN), the company’s capital structure generated 2.78 points at debt to capital in total, while cash flow to debt ratio is standing at -0.97. The debt to equity ratio resting at -1.56. The interest coverage ratio of the stock is -11.04.
Currently, EBITDA for the company is -29.17 million with net debt to EBITDA at -0.99. When we switch over and look at the enterprise to sales, we see a ratio of 8.87. The receivables turnover for the company is 16.04for trailing twelve months and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.48.
Conclusion
To put it simply, Volcon Inc (VLCN) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
