Volcon Inc (NASDAQ: VLCN)’s stock price has gone decline by -26.70 in comparison to its previous close of 6.78, however, the company has experienced a -22.31% decrease in its stock price over the last five trading days. accesswire.com reported 2024-11-07 that AUSTIN, TX / ACCESSWIRE / November 7, 2024 / Volcon Inc. (NASDAQ:VLCN), (“Volcon” or the “Company”), the first all-electric, off-road powersports company, today announced that it filed an amendment to its amended and restated certificate of incorporation with the Secretary of State of the State of Delaware to effect a 1-for-8 reverse stock split of its common stock. The reverse stock split will take effect at 11:59 pm (Eastern Time) on November 8, 2024, and the Company’s common stock will open for trading on The Nasdaq Capital Market on November 11, 2024 on a post-split basis, under the existing ticker symbol “VLCN” but with a new CUSIP number 92864V509.
Is It Worth Investing in Volcon Inc (NASDAQ: VLCN) Right Now?
Moreover, the 36-month beta value for VLCN is -0.83. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for VLCN is 0.58M and currently, short sellers hold a 8.04% of that float. On November 14, 2024, VLCN’s average trading volume was 43.50K shares.
VLCN’s Market Performance
VLCN’s stock has seen a -22.31% decrease for the week, with a -29.40% drop in the past month and a -58.02% fall in the past quarter. The volatility ratio for the week is 24.39%, and the volatility levels for the past 30 days are at 11.04% for Volcon Inc The simple moving average for the past 20 days is -24.59% for VLCN’s stock, with a -98.35% simple moving average for the past 200 days.
VLCN Trading at -36.27% 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 -99.98% of loss for the given period.
Volatility was left at 11.04%, however, over the last 30 days, the volatility rate increased by 24.39%, as shares sank -36.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.98% lower at present.
During the last 5 trading sessions, VLCN fell by -22.31%, which changed the moving average for the period of 200-days by -99.90% in comparison to the 20-day moving average, which settled at $6.59. In addition, Volcon Inc saw -99.86% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VLCN starting from SABBY MANAGEMENT, LLC, who purchase 10,000 shares at the price of $1.42 back on Aug 30 ’24. After this action, SABBY MANAGEMENT, LLC now owns 774,569 shares of Volcon Inc, valued at $14,156 using the latest closing price.
SABBY MANAGEMENT, LLC, the 10% Owner of Volcon Inc, purchase 21,998 shares at $1.50 during a trade that took place back on Aug 28 ’24, which means that SABBY MANAGEMENT, LLC is holding 761,505 shares at $32,907 based on the most recent closing price.
Stock Fundamentals for VLCN
Current profitability levels for the company are sitting at:
- -7.69 for the present operating margin
- -4.16 for the gross margin
The net margin for Volcon Inc stands at -10.57. The total capital return value is set at -5.46.
Based on Volcon Inc (VLCN), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at -27.3. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is -35.52.
Currently, EBITDA for the company is -39.48 million with net debt to EBITDA at 0.12. When we switch over and look at the enterprise to sales, we see a ratio of -0.39. The receivables turnover for the company is 11.91for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.07.
Conclusion
To wrap up, the performance of Volcon Inc (VLCN) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
