Volcon (NASDAQ:EMPD) Announces Quarterly Earnings Results

Volcon (NASDAQ:EMPD) posted its earnings results on Friday. The company reported ($0.22) earnings per share for the quarter, Zacks reports. Volcon had a negative net margin of 1,795.76% and a negative return on equity of 72.94%.

Volcon Price Performance

EMPD stock traded up $0.10 during trading on Friday, hitting $5.04. 197,880 shares of the company’s stock traded hands, compared to its average volume of 874,900. Volcon has a 52 week low of $3.18 and a 52 week high of $44.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.26 and a current ratio of 0.27. The business has a fifty day simple moving average of $4.55 and a 200 day simple moving average of $4.81. The stock has a market capitalization of $139.46 million, a price-to-earnings ratio of -0.33 and a beta of -0.45.

Analyst Ratings Changes

Several research firms recently weighed in on EMPD. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Volcon in a research note on Monday, April 20th. Wall Street Zen upgraded shares of Volcon from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 12th. Zacks Research upgraded shares of Volcon to a “hold” rating in a research report on Friday, April 17th. Finally, Aegis upgraded shares of Volcon to a “strong-buy” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

About Volcon

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.