Volcon (NASDAQ:EMPD) Shares Up 2.6% – Still a Buy?

Shares of Volcon, Inc. (NASDAQ:EMPD) shot up 2.6% during trading on Wednesday . The company traded as high as $2.90 and last traded at $2.72. 1,414,676 shares traded hands during trading, an increase of 304% from the average session volume of 350,319 shares. The stock had previously closed at $2.65.

Analysts Set New Price Targets

EMPD has been the subject of a number of research analyst reports. Zacks Research raised shares of Volcon to a “hold” rating in a report on Friday, April 17th. Wall Street Zen raised Volcon from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Volcon in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Volcon Stock Up 2.6%

The firm has a market cap of $76.46 million, a price-to-earnings ratio of -3.44 and a beta of -0.38. The company has a current ratio of 2.03, a quick ratio of 1.97 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $3.44 and a 200-day moving average price of $4.12.

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.