Key Points
- Empery Asset Management purchased 500,000 Volcon shares at an average price of $3.59, investing approximately $1.8 million. The purchase increased its ownership by 11.29% to 4.93 million shares.
- The major shareholder has made additional recent purchases, buying 750,000 shares in August at $2.98 and 650,000 shares at $2.82.
- Volcon shares opened at $3.18, with a market capitalization of about $89.4 million and a 12-month range of $2.48 to $8.17. Analysts’ consensus rating is “Hold,” despite mixed individual ratings.
Volcon, Inc. (NASDAQ:EMPD - Get Free Report) major shareholder Empery Asset Management, Lp acquired 500,000 shares of the firm's stock in a transaction dated Tuesday, September 1st. The shares were purchased at an average price of $3.59 per share, with a total value of $1,795,000.00. Following the completion of the transaction, the insider owned 4,930,345 shares of the company's stock, valued at $17,699,938.55. This trade represents a 11.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large 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 Thursday, August 13th, Empery Asset Management, Lp bought 750,000 shares of Volcon stock. The shares were purchased at an average cost of $2.98 per share, with a total value of $2,235,000.00.
- On Wednesday, August 12th, Empery Asset Management, Lp bought 650,000 shares of Volcon stock. The stock was purchased at an average price of $2.82 per share, for a total transaction of $1,833,000.00.
Volcon Stock Performance
Shares of EMPD opened at $3.18 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The firm's fifty day simple moving average is $3.24 and its two-hundred day simple moving average is $3.98. Volcon, Inc. has a 12 month low of $2.48 and a 12 month high of $8.17. The stock has a market capitalization of $89.39 million, a P/E ratio of -3.03 and a beta of -0.34.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Volcon from a "sell" rating to a "hold" rating in a report on Saturday, May 16th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Volcon in a research report on Friday, July 17th. 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold".
View Our Latest Stock Analysis on Volcon
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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