Volcon (NASDAQ:EMPD) Major Shareholder Atg Capital Opportunities Fund Acquires 114,447 Shares

Volcon, Inc. (NASDAQ:EMPD) major shareholder Atg Capital Opportunities Fund bought 114,447 shares of the company’s stock in a transaction on Friday, January 30th. The stock was purchased at an average cost of $4.82 per share, for a total transaction of $551,634.54. Following the completion of the transaction, the insider owned 3,808,855 shares in the company, valued at approximately $18,358,681.10. The trade was a 3.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Atg Capital Opportunities Fund also recently made the following trade(s):

• On Thursday, January 29th, Atg Capital Opportunities Fund purchased 190,971 shares of Volcon stock. The shares were purchased at an average price of $4.91 per share, with a total value of $937,667.61.
• On Wednesday, January 28th, Atg Capital Opportunities Fund purchased 123,208 shares of Volcon stock. The stock was purchased at an average cost of $5.09 per share, with a total value of $627,128.72.

Volcon Stock Performance

NASDAQ:EMPD opened at $4.91 on Friday. The company has a market capitalization of $178.82 million, a P/E ratio of -0.32 and a beta of -0.61. The stock’s 50 day moving average price is $4.69 and its 200 day moving average price is $6.99. Volcon, Inc. has a 52 week low of $4.03 and a 52 week high of $80.80.

Analyst Ratings Changes

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

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.