Insider Buying: Volcon (NASDAQ:EMPD) Major Shareholder Purchases 123,208 Shares of Stock

Volcon, Inc. (NASDAQ:EMPD) major shareholder Atg Capital Opportunities Fund acquired 123,208 shares of the company’s stock in a transaction dated Wednesday, January 28th. The stock was acquired at an average cost of $5.09 per share, with a total value of $627,128.72. Following the transaction, the insider directly owned 3,503,437 shares of the company’s stock, valued at approximately $17,832,494.33. This represents a 3.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Atg Capital Opportunities Fund also recently made the following trade(s):

• On Friday, January 30th, Atg Capital Opportunities Fund purchased 114,447 shares of Volcon stock. The stock was acquired at an average price of $4.82 per share, for a total transaction of $551,634.54.
• On Thursday, January 29th, Atg Capital Opportunities Fund bought 190,971 shares of Volcon stock. The shares were acquired at an average price of $4.91 per share, with a total value of $937,667.61.

Volcon Price Performance

NASDAQ:EMPD traded up $0.05 during mid-day trading on Friday, reaching $4.91. The stock had a trading volume of 979,952 shares, compared to its average volume of 813,903. Volcon, Inc. has a 1-year low of $4.03 and a 1-year high of $80.80. The company has a market capitalization of $178.82 million, a price-to-earnings ratio of -0.32 and a beta of -0.61. The stock’s 50 day simple moving average is $4.68 and its two-hundred day simple moving average is $7.01.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Volcon in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Volcon has a consensus rating of “Moderate Buy”.

Volcon Company Profile

Volcon, Inc (NASDAQ: EMPD) is a Texas?based powersports company specializing in the design, development and distribution of electric off-road vehicles. Headquartered in Austin, Volcon aims to introduce zero-emission solutions to the traditionally gas-powered UTV and dirt bike markets. The company’s modular vehicle platforms blend electric drivetrains with rugged chassis designs, targeting recreational and utility riders seeking sustainable alternatives for trail, sand and farm use.

Volcon’s product lineup includes the Stag, a side-by-side utility terrain vehicle (UTV) engineered for work and play; the Grunt, an entry-level electric dirt bike offering trail-ready performance; and the Ranger, a dual-purpose e-adventure motorcycle suited for longer off-road excursions.