Key Points
- Empery Asset Management purchased 650,000 Volcon shares at an average price of $2.82, investing approximately $1.83 million and increasing its ownership by 21.45% to 3.68 million shares.
- The major shareholder also acquired 750,000 shares the following day at $2.98 each, bringing the reported recent purchases to 1.4 million shares.
- Volcon shares opened at $2.89, near the lower end of their $2.48–$10.15 12-month range. Analyst sentiment is mixed, with the stock carrying an overall “Hold” rating despite one Strong Buy and one Sell rating.
Volcon, Inc. (NASDAQ:EMPD - Get Free Report) major shareholder Empery Asset Management, Lp acquired 650,000 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average price of $2.82 per share, with a total value of $1,833,000.00. Following the completion of the transaction, the insider owned 3,680,345 shares in the company, valued at $10,378,572.90. The trade was a 21.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Empery Asset Management, Lp also recently made the following trade(s):
- On Thursday, August 13th, Empery Asset Management, Lp acquired 750,000 shares of Volcon stock. The stock was acquired at an average cost of $2.98 per share, for a total transaction of $2,235,000.00.
Volcon Stock Performance
Volcon stock opened at $2.89 on Friday. Volcon, Inc. has a 12-month low of $2.48 and a 12-month high of $10.15. The company has a quick ratio of 1.97, a current ratio of 0.47 and a debt-to-equity ratio of 0.48. The business's 50-day moving average price is $3.42 and its two-hundred day moving average price is $4.10. The stock has a market cap of $81.24 million, a PE ratio of -3.66 and a beta of -0.38.
Analyst Upgrades and Downgrades
EMPD has been the topic of several research reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Volcon in a report on Friday, July 17th. Zacks Research upgraded shares of Volcon to a "hold" rating in a research report on Friday, April 17th. Finally, Wall Street Zen raised shares of Volcon from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Volcon presently has an average rating of "Hold".
View Our Latest Stock Analysis on EMPD
Volcon Company Profile
(
Get Free Report)
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.
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