Volcon (VLCN) AI Stock Analysis

• Market Cap: $3.87M
• Dividend Yield: N/A
• Average Volume (3M): 54.57K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.23
• Revenue Growth: 19.71%
• EPS Growth: 99.98%
• Country: US
• Employees: 35
• Sector: Consumer Cyclical
• Sector Strength: 61
• Industry: Auto - Manufacturers
• EPS (TTM): -7.27
• Shares Outstanding: 544,484
• 10 Day Avg. Volume: 59,835
• 30 Day Avg. Volume: 54,566
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.04
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.23
• Enterprise Value/Market Cap: -3.46
• Enterprise Value/Revenue: -0.87
• Enterprise Value/Gross Profit: 0.98
• Enterprise Value/Ebitda: 0.09
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 50 Neutral
• Price Target: $7.00 ▼(-1.41%Downside)

The overall stock score is primarily driven by significant financial challenges, including negative margins and high leverage. Although technical indicators show some positive momentum, the company's valuation is negatively impacted by ongoing losses and lack of dividends.

Volcon Business Overview & Revenue Model

Company Description

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. The company was formerly known as Frog ePowersports, Inc. and changed its name to Volcon, Inc. in October 2020. Volcon, Inc. was incorporated in 2020 and is headquartered in Round Rock, Texas.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.74M	4.04M	3.26M	4.55M	448.82K	0.00
Gross Profit	-13.59M	-14.13M	-8.13M	-8.87M	-10.06M	-2.52K
EBITDA	-21.09M	-26.65M	-39.48M	-30.78M	-39.45M	-1.36M
Net Income	-21.92M	-45.51M	-45.07M	-36.41M	-39.36M	-1.37M
Balance Sheet
Total Assets	21.73M	6.23M	22.13M	22.73M	14.62M	1.85M
Cash, Cash Equivalents and Short-Term Investments	17.57M	2.19M	7.98M	10.99M	5.57M	536.08K
Total Debt	702.66K	810.89K	31.41M	18.96M	2.31M	824.56K
Total Liabilities	4.99M	6.19M	41.76M	22.09M	8.32M	3.00M
Stockholders Equity	16.74M	40.76K	-19.63M	635.01K	6.30M	-1.14M
Cash Flow
Free Cash Flow	-15.45M	-16.35M	-30.52M	-34.45M	-25.00M	-1.40M
Operating Cash Flow	-15.07M	-16.04M	-29.57M	-33.65M	-24.16M	-1.16M
Investing Cash Flow	-365.92K	-230.31K	-860.72K	-799.41K	-838.03K	-249.04K
Financing Cash Flow	29.43M	10.37M	27.08M	40.41M	30.03M	1.94M

Volcon Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VLCN, the sentiment is Positive. The current price of 7.1 is above the 20-day moving average (MA) of 5.95, above the 50-day MA of 5.74, and below the 200-day MA of 24.86, indicating a neutral trend. The MACD of 0.41 indicates Negative momentum. The RSI at 66.04 is Neutral, neither overbought nor oversold. The STOCH value of 91.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VLCN.

Volcon Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$16.90B	11.24	-7.48%	2.95%	1.60%	-23.76%
AYRO	51 Neutral	$3.88M	―	19.40%	―	-98.78%	92.98%
VLCN	50 Neutral	$3.87M	―	-213.60%	―	19.71%	99.98%
EVTV	44 Neutral	$4.50M	―	-132.63%	―	-47.62%	8.34%
MULN	37 Underperform	$644.68K	―	-3842.15%	―	2136.62%	99.30%
ZAPPF	28 Underperform	$1.20M	―		―	―	―
DMNID	18 Underperform	$1.76M	―		―	―	―

Volcon Corporate Events

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.