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After finishing at $0.80 in the prior trading day, Volcon Inc (NASDAQ: VLCN) closed at $0.70, down -12.45%. In other words, the price has decreased by -$12.45 from its previous closing price. On the day, 0.98 million shares were traded. VLCN stock price reached its highest trading level at $0.783 during the session, while it also had its lowest trading level at $0.7.
Ratios:
Our goal is to gain a better understanding of VLCN by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 30 ’24 when SABBY MANAGEMENT, LLC bought 10,000 shares for $1.42 per share. The transaction valued at 14,156 led to the insider holds 774,569 shares of the business.
SABBY MANAGEMENT, LLC bought 21,998 shares of VLCN for $32,907 on Aug 28 ’24. The 10% Owner now owns 761,505 shares after completing the transaction at $1.50 per share. On Aug 29 ’24, another insider, SABBY MANAGEMENT, LLC, who serves as the 10% Owner of the company, bought 3,064 shares for $1.45 each. As a result, the insider paid 4,443 and bolstered with 764,569 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 3141495 and an Enterprise Value of 3647801. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.04 while its Price-to-Book (P/B) ratio in mrq is 0.15. Its current Enterprise Value per Revenue stands at 1.029 whereas that against EBITDA is -0.127.
Stock Price History:
Over the past 52 weeks, VLCN has reached a high of $4284.00, while it has fallen to a 52-week low of $0.73. The 50-Day Moving Average of the stock is -31.90%, while the 200-Day Moving Average is calculated to be -98.59%.
Shares Statistics:
The stock has traded on average 303.58K shares per day over the past 3-months and 80650 shares per day over the last 10 days, according to various share statistics. Insiders hold about 0.00% of the company’s shares, while institutions hold 10.36% stake in the company. Shares short for VLCN as of 1728950400 were 466883 with a Short Ratio of 1.54, compared to 1726185600 on 207427. Therefore, it implies a Short% of Shares Outstanding of 466883 and a Short% of Float of 10.41.
