Volcon (NASDAQ:VLCN) Trading Down 42.8% – Time to Sell?

Volcon, Inc. (NASDAQ:VLCNGet Free Report)’s share price traded down 42.8% during mid-day trading on Wednesday . The company traded as low as $1.76 and last traded at $1.83. 3,843,668 shares changed hands during trading, an increase of 47% from the average session volume of 2,608,344 shares. The stock had previously closed at $3.20.

Volcon Price Performance

The company’s 50-day simple moving average is $3.86 and its 200 day simple moving average is $7.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 2.07.

Volcon (NASDAQ:VLCNGet Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($23.93) EPS for the quarter. The company had revenue of $1.08 million for the quarter.

Volcon Company Profile

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Volcon, Inc develops, manufactures, and sells electric off road powersport vehicles in the United States. It provides electric two and four-wheel motorcycles, and utility terrain vehicles through its dealers. The company also offers a line of upgrades and accessories. Its products are designed for family off-road adventures, and work on the farm and fun transport around private land applications.

Further Reading

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