Altium Capital Management LP recently announced the acquisition of new stake in Volcon Inc (NASDAQ:VLCN). This fresh investment now brings its stake to 5.58% valued currently at $77571.0. In addition, Walleye Capital LLC raised its holdings by 11434.0 to 48345.0 shares. And Geode Capital Management LLC has lifted its position by 36.62% or 10254.0 shares – to 38253.0 shares.
With over 34.43 million Volcon Inc (VLCN) shares trading Friday and a closing price of $0.10 on the day, the dollar volume was approximately $3.44 million. The shares have shown a negative half year performance of -96.80% and its price on 12/22/23 gained nearly 23.75%. Currently, there are 6.12M common shares owned by the public and among those 5.26M shares have been available to trade.
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Insiders at the company have transacted a total of 8 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 6 of these insider trades were purchases, accounting for 54,094 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 2,908 shares.
The top 3 mutual fund holders in Volcon Inc are Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market ETF owns 72527.0 shares of the company’s stock, all valued at over $9936.0. Fidelity Extended Market Index Fu now owns shares totaling to 0.25% of the shares outstanding.
However, the script later moved the day high at 0.1077, up 23.75%. The company’s stock has a 5-day price change of 7.03% and -94.92% over the past three months. VLCN shares are trading -98.04% year to date (YTD), with the 12-month market performance down to -98.02% lower. It has a 12-month low price of $0.07 and touched a high of $10.00 over the same period. VLCN has an average intraday trading volume of 2.10 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -14.67%, -84.74%, and -96.98% respectively.
Institutional ownership of Volcon Inc (NASDAQ: VLCN) shares accounts for 13.62% of the company’s 6.12M shares outstanding. Mutual fund holders own 1.43%, while other institutional holders and individual stakeholders account for 6.78% and — respectively.
It has a market capitalization of $0.61M and a beta (3y monthly) value of -0.62. The earnings-per-share (ttm) stands at -$9.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 24.51% over the week and 18.08% over the month.
Analysts forecast that Volcon Inc (VLCN) will achieve an EPS of -$1.35 for the current quarter, -$1.35 for the next quarter and -$5.3 for 2024. The lowest estimate earnings-per-share for the quarter is -$1.35 while analysts give the company a high EPS estimate of -$1.35. Comparatively, EPS for the current quarter was -$1.6 a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Volcon Inc (VLCN) as a “Strong Buy” at a consensus score of 1.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
