Volcon (VLCN) AI Stock Analysis

• Market Cap: $7.30M
• Dividend Yield: N/A
• Average Volume (3M): 1.19M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.28
• Revenue Growth: 19.71%
• EPS Growth: 99.98%
• Country: US
• Employees: 35
• Sector: Consumer Cyclical
• Sector Strength: 64
• Industry: Auto - Manufacturers
• EPS (TTM): -7.27
• Shares Outstanding: 544,484
• 10 Day Avg. Volume: 3,465,079
• 30 Day Avg. Volume: 1,187,682
• PEG Ratio: -0.02
• Price to Book (P/B): 1.99
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -35.79
• Enterprise Value/Market Cap: 73.48
• Enterprise Value/Revenue: 7.14K
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: -8.29
• 1Y Price Target: $6.50
• Price Target Upside: -51.49% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 58 Neutral
• Price Target: $13.50 ▲(0.75%Upside)

Volcon's overall score reflects a mix of financial challenges and strategic repositioning. The company's financial performance is weak, with negative profitability and high leverage. However, technical indicators show bullish momentum, and recent corporate events indicate strategic shifts towards digital assets, potentially improving its market positioning.

Volcon Business Overview & Revenue Model

Company Description

Volcon Inc. (VLCN) is an American company that specializes in the design and manufacture of electric off-road powersports vehicles. The company operates in the automotive and recreational vehicle sectors, providing environmentally friendly alternatives to traditional gas-powered vehicles. Volcon's core products include electric motorcycles, all-terrain vehicles (ATVs), and side-by-side utility terrain vehicles (UTVs), focusing on innovative design, performance, and sustainability.

How the Company Makes Money

Volcon generates revenue primarily through the sale of its electric off-road vehicles. The company's revenue model is centered on direct sales to consumers and partnerships with dealers who distribute Volcon's products in various markets. Additionally, Volcon may engage in licensing agreements or collaborations with other companies to expand its reach and enhance its product offerings. Revenue streams are driven by consumer demand for eco-friendly transportation solutions and the company's ability to innovate and market its vehicles effectively. Significant factors contributing to Volcon's earnings include its brand presence, marketing strategies, and the development of new models to meet evolving consumer preferences.

Volcon Financial Statement Overview

Summary

Volcon faces considerable financial challenges with negative profitability margins, high leverage, and strained cash flows. While there are some improvements in the balance sheet, the company remains heavily reliant on external financing to sustain operations.

Income Statement

The income statement reveals significant challenges with sustained negative net and gross profit margins. Revenue growth has been inconsistent, showing a decline in the latest TTM period. High operating losses, reflected in negative EBIT and EBITDA margins, indicate ongoing profitability issues.

Balance Sheet

The balance sheet shows improvement in stockholders' equity from negative to positive, but the debt-to-equity ratio is high, indicating financial leverage. The equity ratio is relatively low, suggesting reliance on debt financing. Improvements in cash and short-term investments are notable.

Cash Flow

Cash flow analysis shows persistent negative free cash flow, though there has been a slight improvement recently. The operating cash flow remains negative, significantly impacting liquidity. High financing cash flow reflects capital raising efforts to support operations.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.04M	3.26M	4.55M	448.82K	0.00
Gross Profit	-14.13M	-8.13M	-8.87M	-10.06M	-2.52K
EBITDA	-26.65M	-39.48M	-30.78M	-39.45M	-1.36M
Net Income	-45.51M	-45.07M	-36.41M	-39.36M	-1.37M
Balance Sheet
Total Assets	6.23M	22.13M	22.73M	14.62M	1.85M
Cash, Cash Equivalents and Short-Term Investments	2.19M	7.98M	10.99M	5.57M	536.08K
Total Debt	810.89K	31.41M	18.96M	2.31M	824.56K
Total Liabilities	6.19M	41.76M	22.09M	8.32M	3.00M
Stockholders Equity	40.76K	-19.63M	635.01K	6.30M	-1.14M
Cash Flow
Free Cash Flow	-16.35M	-30.52M	-34.45M	-25.00M	-1.40M
Operating Cash Flow	-16.04M	-29.57M	-33.65M	-24.16M	-1.16M
Investing Cash Flow	-230.31K	-860.72K	-799.41K	-838.03K	-249.04K
Financing Cash Flow	10.37M	27.08M	40.41M	30.03M	1.94M

Volcon Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 13.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VLCN, the sentiment is Neutral. The current price of 13.4 is above the 20-day moving average (MA) of 10.77, above the 50-day MA of 7.52, and below the 200-day MA of 20.26, indicating a neutral trend. The MACD of 2.12 indicates Negative momentum. The RSI at 55.45 is Neutral, neither overbought nor oversold. The STOCH value of 15.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for VLCN.

Volcon Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$17.26B	10.39	-8.50%	3.06%	1.63%	-25.95%
VLCN	58 Neutral	$7.30M	―	-213.60%	―	19.71%	99.98%
AYRO	56 Neutral	$3.82M	―	19.40%	―	-98.78%	92.98%
EVTV	43 Neutral	$4.66M	―	-132.63%	―	-47.62%	8.34%
BINI	38 Underperform	$680.82K	―		―	2136.62%	99.30%
ZAPPF	28 Underperform	$1.15M	―		―	―	―
DMNID	18 Underperform	$1.27M	―		―	―	―

Volcon Corporate Events

Volcon Announces Strategic Bitcoin Treasury Program

On July 25, 2025, Volcon, Inc. announced a strategic Bitcoin treasury program, holding over 3,183 BTC valued at approximately $375 million, as part of its ongoing Bitcoin acquisition strategy. The company also expanded its share repurchase authorization to $100 million, providing flexibility to support its net asset value per share and potentially increase BTC per share, reflecting a strategic move to strengthen its financial positioning and investor appeal.

Volcon Announces $500M Bitcoin Treasury Strategy

On July 21, 2025, Volcon, Inc. announced the closing of a private placement with gross proceeds exceeding $500 million, aimed at implementing a bitcoin treasury strategy. The company plans to allocate over 95% of these proceeds to acquiring Bitcoin, marking a significant shift in its business strategy. Volcon intends to change its name to Empery Digital, Inc., and has partnered with Gemini for digital asset services. The strategic move is supported by a new board of directors with expertise in finance and digital assets, positioning the company to become a leading aggregator of Bitcoin.

Volcon Announces $500M Private Placement for Bitcoin

On July 17, 2025, Volcon, Inc. announced a significant private placement agreement to raise over $500 million, primarily to acquire Bitcoin as part of a new digital asset treasury strategy. This move, involving institutional and accredited investors, marks a strategic shift for Volcon, aiming to safeguard shareholder value and align with digital asset trends. The company has also made key leadership appointments and entered into strategic agreements with Gemini to support this initiative, reflecting a strong conviction in Bitcoin as a digital store of value.

Volcon Implements 1-for-8 Reverse Stock Split

Volcon Inc. announced the approval and implementation of a 1-for-8 reverse stock split of its common stock, effective June 11, 2025. This corporate action, approved by stockholders on May 30, 2025, aims to consolidate every eight shares into one, reducing the number of outstanding shares from approximately 4.3 million to 0.54 million, while maintaining the authorized shares at 250 million. The reverse stock split is expected to impact the company’s stock trading on the Nasdaq Capital Market starting June 12, 2025, with adjustments to stock options and warrants also being made.

Volcon’s Key Decisions in Annual Stockholders Meeting

On May 30, 2025, Volcon held its annual stockholders meeting virtually, where seven proposals were voted on. The meeting had a quorum with 43.18% of shares represented. Key outcomes included the election of director nominees for one-year terms, approval of a reverse stock split, and the issuance of stock options and shares under specific conditions. However, a proposal to increase shares in the 2021 Stock Plan was not approved.