Volcon Smashes Pre-Production Orders of $116M for Flagship All-Wheel Drive Electric UTV, The Stag, and Brat eBike to be Available for Purchase in US this February
January 31, 2023
Trending News ☀️
Volcon ($NASDAQ:VLCN) is a rapidly growing electric vehicle manufacturer that develops, manufactures and distributes a wide range of electric utility vehicles (UTV) and eBikes. The company has recently announced that its flagship all-wheel drive, fully electric UTV, The Stag, has already received pre-production orders exceeding $116M. These orders are coming from 151 dealers in the US and 6 distributors in Central and South America and the Caribbean. It is designed for heavy-duty use and has incredible off-road capabilities.
The Stag also comes with many safety features such as an advanced braking system and LED headlights. It also has various features, such as a LCD display, integrated front and rear lights, and an adjustable stem. With the combination of its innovative products and the remarkable pre-production orders, Volcon is surely set to take the electric vehicle industry by storm.
Share Price
The news sent VOLCON stock soaring, opening at $1.4 and closing at $1.4, down by only 2.7% from the prior closing price of 1.5. It is powered by two independent electric motors, giving the vehicle superior torque and power, allowing it to travel over any terrain. The Brat also comes with a range of accessories, including a removable battery pack for extended range, a basket for carrying groceries, and a rear rack for carrying cargo. With their innovative designs and superior performance, these vehicles are sure to be popular among consumers looking for reliable and efficient transportation solutions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Volcon. More…
| Total Revenues | Net Income | Net Margin |
| 4.17 | -41.22 | -988.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Volcon. More…
| Operations | Investing | Financing |
| -35.69 | -0.75 | 54.34 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Volcon. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 28.37 | 20.55 | 0.32 |
Key Ratios Snapshot
Some of the financial key ratios for Volcon are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -973.1% |
| FCF Margin | ROE | ROA |
| -874.2% | -318.7% | -89.4% |
VI Analysis
VOLCON is a medium risk investment, according to the VI Risk Rating. The company’s fundamentals have been taken into account to determine its long-term potential, and the VI App has made it easy to analyze. This app has detected three potential risk warnings from looking at the balance sheet, non-financial and financial journal. The company has strong liquidity, which is a key component of a healthy balance sheet. The current ratio is above the industry average, which is indicative of a well-managed business. The debt to equity ratio is also relatively low, meaning that the company is not overly reliant on borrowed money. The company’s non-financials are also in good shape. The management team is experienced and knowledgeable, and the company has a good track record of innovation. The products and services offered by the company are also competitive in their market. Lastly, the financial journal provides additional information about the company’s performance over time. This can help investors get a better understanding of how the company’s operations have been performing in recent years. Overall, VOLCON appears to be a medium risk investment with potential for long-term success. The company’s fundamentals are solid, and the risk warnings identified in the VI App should be taken into consideration when making any investment decision. More…
VI Peers
Volcon Inc is an American electric vehicle manufacturer based in Austin, Texas. The company was founded in 2017 by some of the co-founders of Tesla Motors. Volcon Inc is one of the leading manufacturers of electric vehicles in the United States. The company has a strong research and development team which is constantly innovating and bringing new products to the market. Volcon Inc competes with other electric vehicle manufacturers such as RAC Electric Vehicles Inc, Canoo Inc, Envirotech Vehicles Inc.
– RAC Electric Vehicles Inc ($TPEX:2237)
RAC Electric Vehicles Inc is a company that manufactures electric vehicles. The company has a market cap of 3.68 billion as of 2022 and a return on equity of -10.56%. The company manufactures electric vehicles for both commercial and consumer use. The company also manufactures electric vehicle charging stations.
– Canoo Inc ($NASDAQ:GOEV)
Canoo Inc is a publicly traded company with a market capitalization of 405.63 million as of 2022. The company has a negative return on equity of 169.72%. Canoo is engaged in the business of designing, engineering and manufacturing electric vehicles.
Summary
VOLCON, a company that manufactures electric vehicles, has recently received $116 million in pre-production orders for its flagship all-wheel drive electric UTV, the Stag, and its Brat eBike. This is great news for investors, as it indicates strong demand for VOLCON’s products. The company is likely to see an uptick in sales and revenue with the release of the new vehicles, potentially driving share prices up. VOLCON is well-positioned to benefit from the growing demand for electric vehicles, making it an attractive option for investors.
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