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The closing price of Volcon Inc (NASDAQ: VLCN) was $1.46 for the day, down -0.68% from the previous closing price of $1.47. In other words, the price has decreased by -$0.68 from its previous closing price. On the day, 0.14 million shares were traded. VLCN stock price reached its highest trading level at $1.48 during the session, while it also had its lowest trading level at $1.41.
Ratios:
Our analysis of VLCN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.52 and its Current Ratio is at 2.12. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.07.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 28 ’24 when SABBY MANAGEMENT, LLC bought 21,998 shares for $1.50 per share. The transaction valued at 32,907 led to the insider holds 761,505 shares of the business.
SABBY MANAGEMENT, LLC bought 3,064 shares of VLCN for $4,443 on Aug 29 ’24. The 10% Owner now owns 764,569 shares after completing the transaction at $1.45 per share. On Aug 26 ’24, another insider, SABBY MANAGEMENT, LLC, who serves as the 10% Owner of the company, bought 3,194 shares for $1.55 each. As a result, the insider paid 4,936 and bolstered with 739,507 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VLCN now has a Market Capitalization of 6806199 and an Enterprise Value of 7190289. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.92 while its Price-to-Book (P/B) ratio in mrq is 0.30. Its current Enterprise Value per Revenue stands at 2.028 whereas that against EBITDA is -0.25.
Stock Price History:
Over the past 52 weeks, VLCN has reached a high of $14598.00, while it has fallen to a 52-week low of $1.41. The 50-Day Moving Average of the stock is -48.73%, while the 200-Day Moving Average is calculated to be -99.34%.
Shares Statistics:
VLCN traded an average of 1.88M shares per day over the past three months and 648410 shares per day over the past ten days. Insiders hold about 0.00% of the company’s shares, while institutions hold 16.61% stake in the company. Shares short for VLCN as of 1723680000 were 159878 with a Short Ratio of 0.08, compared to 1721001600 on 272357. Therefore, it implies a Short% of Shares Outstanding of 159878 and a Short% of Float of 3.4299999999999997.
