Volcon Inc. (VLCN) can make a big difference with a little luck

Volcon Inc. (NASDAQ: VLCN) stock fell -7.36% on Tuesday to $0.67 against a previous-day closing price of $0.73. With 0.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 91850.0 shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.7199 whereas the lowest price it dropped to was $0.6010. The 52-week range on VLCN shows that it touched its highest point at $3.45 and its lowest point at $0.70 during that stretch. It currently has a 1-year price target of $6.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VLCN was down-trending over the past week, with a drop of -41.91%, but this was down by -49.66% over a month. Three-month performance dropped to -57.84% while six-month performance fell -41.35%. The stock lost -42.84% in the past year, while it has lost -33.22% so far this year. A look at the trailing 12-month EPS for VLCN yields -1.35 with Next year EPS estimates of -0.99. For the next quarter, that number is -0.34. This implies an EPS growth rate of 83.50% for this year and 22.00% for next year.

Float and Shares Shorts:

At present, 24.54 million VLCN shares are outstanding with a float of 10.56 million shares on hand for trading. On Apr 27, 2023, short shares totaled 0.18 million, which was 0.73% higher than short shares on Mar 30, 2023. In addition to Mr. Christian Okonsky as the firm’s Founder, Chairman & CTO, Mr. Jordan Don Davis serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 4.00% of VLCN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 29.31% of VLCN, in contrast to 2.68% held by mutual funds. Shares owned by individuals account for 1.38%. As the largest shareholder in VLCN with 2.04% of the stake, The Vanguard Group, Inc. holds 501,521 shares worth 501,521. A second-largest stockholder of VLCN, Geode Capital Management LLC, holds 139,993 shares, controlling over 0.57% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in VLCN, holding 109,587 shares or 0.45% stake. With a 1.47% stake in VLCN, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 362,634 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.57% of VLCN stock, is the second-largest Mutual Fund holder. It holds 140,268 shares valued at 0.18 million. Fidelity Extended Market Index Fu holds 0.30% of the stake in VLCN, owning 73,342 shares worth 93878.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, VLCN reported revenue of $2.37M and operating income of -$9.92M. The EBITDA in the recently reported quarter was -$9.63M and diluted EPS was -$0.41.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VLCN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VLCN analysts setting a high price target of $6.00 and a low target of $6.00, the average target price over the next 12 months is $6.00. Based on these targets, VLCN could surge 795.52% to reach the target high and rise by 795.52% to reach the target low. Reaching the average price target will result in a growth of 795.52% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded VLCN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 2 over the past year. The total number of shares bought during that period was 82,744 while 2,908 shares were sold.

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