Volcon (NASDAQ:EMPD) Major Shareholder Tice Brown Sells 11,179 Shares of Company Stock

Volcon, Inc. (NASDAQ:EMPD) major shareholder Tice Brown sold 11,179 shares of Volcon stock in a transaction on Friday, October 30th. The stock was sold at an average price of $2.79, for a total transaction of $31,189.41. Following the completion of the transaction, the insider owned 2,162,315 shares in the company, valued at approximately $6,032,858.85. The trade was a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Tice Brown also recently made the following trade(s):

• On Monday, November 2nd, Tice Brown sold 4,464 shares of Volcon stock. The shares were sold at an average price of $2.66, for a total transaction of $11,874.24.

Volcon Trading Down 1.2%

NASDAQ EMPD traded down $0.03 during trading on Tuesday, hitting $2.45. 127,941 shares of the company’s stock traded hands, compared to its average volume of 546,219. The stock has a fifty day moving average of $3.01 and a two-hundred day moving average of $3.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.47 and a quick ratio of 0.44. Volcon, Inc. has a 12-month low of $2.44 and a 12-month high of $6.68. The firm has a market cap of $68.99 million, a P/E ratio of -2.33 and a beta of -0.35.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Volcon in a report on Thursday, October 15th. Wall Street Zen raised Volcon from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Lake Street Capital began coverage on Volcon in a research note on Tuesday, September 29th. They issued a “buy” rating and a $6.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Volcon currently has an average rating of “Moderate Buy” and an average price target of $6.00.

Volcon Company Profile

Volcon, Inc was an American powersports company focused on developing and selling all-electric off-road vehicles. Its product lineup included electric motorcycles and powersports vehicles designed for recreational riding, utility use and outdoor applications.

The company’s products included the Grunt and Runt electric motorcycles, the Brat electric bike and the Stag electric utility terrain vehicle. Volcon marketed its vehicles through a combination of direct sales, dealers and distribution partners, primarily serving customers in the United States and select international markets.

Founded in 2020 and headquartered in Texas, Volcon was led during its operating years by Chief Executive Officer Jordan Davis, among other executives and board members.