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Volcon (NASDAQ:VLCN) Stock Price Down 6.1%

Defense World ·  Dec 27, 2022 15:01

Volcon, Inc. (NASDAQ:VLCN – Get Rating) traded down 6.1% during mid-day trading on Monday . The company traded as low as $0.91 and last traded at $0.93. 106 shares were traded during trading, a decline of 100% from the average session volume of 1,117,633 shares. The stock had previously closed at $0.99.

Volcon Stock Performance

The company's 50-day moving average price is $1.26 and its 200 day moving average price is $1.69. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.01.

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Institutional Investors Weigh In On Volcon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Volcon by 250.4% in the 1st quarter. Vanguard Group Inc. now owns 317,345 shares of the company's stock valued at $606,000 after purchasing an additional 226,790 shares during the last quarter. BlackRock Inc. lifted its position in Volcon by 341.9% in the third quarter. BlackRock Inc. now owns 109,648 shares of the company's stock valued at $216,000 after buying an additional 84,837 shares during the last quarter. State Street Corp purchased a new position in Volcon during the first quarter worth about $69,000. Northern Trust Corp purchased a new position in Volcon during the first quarter worth about $55,000. Finally, Virtu Financial LLC acquired a new stake in shares of Volcon during the first quarter valued at about $52,000. Institutional investors and hedge funds own 4.23% of the company's stock.

About Volcon

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Volcon, Inc develops, manufactures, and sells electric off road powersport vehicles in the United States and Latin America. 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.

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