Key Points
- Major shareholder Tice Brown sold 4,464 Volcon shares at an average price of $2.66, for $11,874.24. The sale reduced Brown’s ownership by 0.21%; he still held 2,157,851 shares.
- Volcon shares opened at $2.45, close to their 52-week low of $2.44 and below their 50-day and 200-day moving averages.
- Analyst opinions are mixed, but MarketBeat reports a consensus “Moderate Buy” rating and a $6.00 price target.
Volcon, Inc. (NASDAQ:EMPD - Get Free Report) major shareholder Tice Brown sold 4,464 shares of Volcon stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $2.66, for a total transaction of $11,874.24. Following the sale, the insider directly owned 2,157,851 shares of the company's stock, valued at $5,739,883.66. This represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Tice Brown also recently made the following trade(s):
- On Friday, October 30th, Tice Brown sold 11,179 shares of Volcon stock. The stock was sold at an average price of $2.79, for a total transaction of $31,189.41.
Volcon Stock Performance
EMPD opened at $2.45 on Wednesday. The business's fifty day simple moving average is $3.01 and its 200 day simple moving average is $3.80. Volcon, Inc. has a 52 week low of $2.44 and a 52 week high of $6.68. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.47 and a quick ratio of 0.44.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Lake Street Capital initiated coverage on Volcon in a report on Tuesday, September 29th. They issued a "buy" rating and a $6.00 price objective for the company. Wall Street Zen raised Volcon from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Volcon in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $6.00.
Read Our Latest Stock Analysis on Volcon
Volcon Company Profile
(
Get Free Report)
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.
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