Volcon (NASDAQ:EMPD) Rating Increased to Strong-Buy at Aegis

Volcon (NASDAQ:EMPD) was upgraded by investment analysts at Aegis to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Volcon in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Volcon has an average rating of “Moderate Buy”.

Volcon Trading Down 1.4%

EMPD stock opened at $4.38 on Monday. The business has a fifty day moving average of $4.18 and a 200-day moving average of $5.19. The company has a market cap of $132.50 million, a P/E ratio of -0.28 and a beta of -0.73. The company has a quick ratio of 0.45, a current ratio of 0.27 and a debt-to-equity ratio of 0.19. Volcon has a twelve month low of $3.18 and a twelve month high of $44.09.

Volcon (NASDAQ:EMPD) last released its quarterly earnings data on Friday, March 27th. The company reported ($4.84) EPS for the quarter. The company had revenue of ($0.66) million during the quarter. Volcon had a negative net margin of 1,758.79% and a negative return on equity of 72.94%.

Insider Buying and Selling

In related news, major shareholder Atg Capital Opportunities Fund purchased 559,183 shares of Volcon stock in a transaction that occurred on Tuesday, February 3rd. The stock was purchased at an average cost of $4.68 per share, with a total value of $2,616,976.44. Following the completion of the transaction, the insider owned 4,500,000 shares of the company’s stock, valued at approximately $21,060,000. This trade represents a 14.19% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 1,119,771 shares of company stock worth $5,349,670 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Volcon Company Profile

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.