Volcon (NASDAQ:EMPD) Major Shareholder Buys $2,235,000.00 in Stock

Volcon, Inc. (NASDAQ:EMPD) major shareholder Empery Asset Management, Lp bought 750,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $2.98 per share, for a total transaction of $2,235,000.00. Following the transaction, the insider directly owned 4,430,345 shares of the company’s stock, valued at approximately $13,202,428.10. This represents a 20.38% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Empery Asset Management, Lp also recently made the following trade(s):

• On Wednesday, August 12th, Empery Asset Management, Lp bought 650,000 shares of Volcon stock. The stock was purchased at an average cost of $2.82 per share, with a total value of $1,833,000.00.

Volcon Stock Performance

NASDAQ:EMPD traded up $0.07 during mid-day trading on Friday, reaching $2.90. 252,634 shares of the stock were exchanged, compared to its average volume of 661,325. The company has a 50 day simple moving average of $3.43 and a 200-day simple moving average of $4.11. The stock has a market capitalization of $81.38 million, a P/E ratio of -3.64 and a beta of -0.38. The company has a quick ratio of 1.97, a current ratio of 2.03 and a debt-to-equity ratio of 0.27. Volcon, Inc. has a 1 year low of $2.48 and a 1 year high of $10.15.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Wall Street Zen raised Volcon from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Volcon in a report on Friday, July 17th. Finally, Zacks Research upgraded shares of Volcon to a “hold” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.