An analyst sees good growth prospects for Volcon Inc (VLCN)

With 3.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.99 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.5999 whereas the lowest price it dropped to was $0.4206. The 52-week range on VLCN shows that it touched its highest point at $378.00 and its lowest point at $0.56 during that stretch. It currently has a 1-year price target of $675.00. Beta for the stock currently stands at -0.97.

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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 -35.63%, but this was down by -55.34% over a month. Three-month performance dropped to -90.18% while six-month performance fell -99.61%. The stock lost -99.87% in the past year, while it has lost -90.18% so far this year.

Float and Shares Shorts:

At present, 1.03 million VLCN shares are outstanding with a float of 0.25 million shares on hand for trading. On Mar 15, 2024, short shares totaled 0.2 million, which was 1.30% higher than short shares on Feb 15, 2024. In addition to VLCN as the firm’s Volcon, Inc., VLN serves as its Valens Semiconductor Ltd.

Institutional Ownership:

Through their ownership of 0.12% of VLCN’s outstanding shares, institutional investors have minority control over the company.

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.

Dividends & Yield:

In terms of dividends, VLCN has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and VLCN currently yields $0.00. In the past year, VLCN’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, VLCN has a current buyback yield of $––. This was $–– for the TTM, and it was $–– for the past five years.