Altium Capital Management LP recently announced the acquisition of new stake in Volcon Inc (NASDAQ:VLCN). This fresh investment now brings its stake to 4.42% valued currently at $56055.0. In addition, Empery Asset Management LP raised its holdings by 0.5 million to 0.5 million shares.
Currently, there are 6.12M common shares owned by the public and among those 5.44M 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 Fidelity Nasdaq Composite Index F, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Fidelity Nasdaq Composite Index F owns 60576.0 shares of the company’s stock, all valued at over $5997.0. The company bought an additional 57722.0 shares recently to bring their total holdings to about 0.47% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.20% of the shares outstanding.
However, the script later moved the day high at 0.1166, up 6.56%. The company’s stock has a 5-day price change of 8.29% and -91.76% over the past three months. VLCN shares are trading 14.73% year to date (YTD), with the 12-month market performance down to -98.36% 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 10.30 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 11.13%, -42.42%, and -95.63% respectively.
Institutional ownership of Volcon Inc (NASDAQ: VLCN) shares accounts for 22.44% of the company’s 6.12M shares outstanding. Mutual fund holders own 1.01%, while other institutional holders and individual stakeholders account for 9.70% and — respectively.
It has a market capitalization of $0.70M and a beta (3y monthly) value of -0.53. 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 14.24% over the week and 24.36% over the month.
Analysts forecast that Volcon Inc (VLCN) will achieve an EPS of $Valens Semiconductor Ltd. for the current quarter, $2.29 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Siren Nasdaq NexGen Economy ETF while analysts give the company a high EPS estimate of $GLCN. Comparatively, EPS for the current quarter was $VCLN a year ago.
