Market cap of Volcon Inc [VLCN] reaches 5.01M – now what?

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Volcon Inc [NASDAQ: VLCN] plunged by -$0.01 during the normal trading session on while it closed the day at $0.20.

Volcon Inc stock has also loss -6.34% of its value over the past 7 days. However, VLCN stock has declined by -83.50% in the 3 months of the year. Over the past six months meanwhile, it has lost -97.62% and lost -95.52% year-on date.

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The market cap for VLCN stock reached $5.01 million, with 25.10 million shares outstanding and 25.10 million shares in the current float. Compared to the average trading volume of 4.98M shares, VLCN reached a trading volume of 4034122 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Volcon Inc [VLCN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VLCN shares is $675.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VLCN stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Average True Range (ATR) for Volcon Inc is set at 0.05, with the Price to Sales ratio for VLCN stock in the period of the last 12 months amounting to 1.61. The Price to Book ratio for the last quarter was 0.99, with the Price to Cash per share for the same quarter was set at 0.15.

VLCN stock trade performance evaluation

Volcon Inc [VLCN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.34. With this latest performance, VLCN shares dropped by -23.44% in over the last four-week period, additionally sinking by -97.62% over the last 6 months – not to mention a drop of -99.87% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VLCN stock in for the last two-week period is set at 35.92, with the RSI for the last a single of trading hit 35.66, and the three-weeks RSI is set at 33.26 for Volcon Inc [VLCN]. The present Moving Average for the last 50 days of trading for this stock 0.3473, while it was recorded at 0.2071 for the last single week of trading, and 29.8144 for the last 200 days.

Volcon Inc [VLCN]: An insightful look at the core fundamentals

Volcon Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.42 and a Current Ratio set at 1.17.

Volcon Inc [VLCN]: Institutional Ownership

The top three institutional holders of VLCN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in VLCN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in VLCN stock with ownership which is approximately 5.8386%.

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