Volcon (NASDAQ:EMPD) Releases Quarterly Earnings Results

Volcon (NASDAQ:EMPD) posted its earnings results on Friday. The company reported ($0.22) earnings per share (EPS) for the quarter, Zacks reports. Volcon had a negative net margin of 1,795.76% and a negative return on equity of 72.94%.

Volcon Price Performance

Shares of EMPD traded up $0.10 during mid-day trading on Friday, hitting $5.04. 197,880 shares of the company traded hands, compared to its average volume of 874,900. Volcon has a one year low of $3.18 and a one year high of $44.09. The company has a current ratio of 0.27, a quick ratio of 0.26 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average of $4.55 and a 200 day moving average of $4.81. The stock has a market capitalization of $139.46 million, a price-to-earnings ratio of -0.33 and a beta of -0.45.

Analysts Set New Price Targets

EMPD has been the topic of a number of research analyst reports. Aegis upgraded Volcon to a “strong-buy” rating in a research report on Monday, April 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Volcon in a research note on Monday, April 20th. Zacks Research upgraded Volcon to a “hold” rating in a report on Friday, April 17th. Finally, Wall Street Zen upgraded Volcon from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Volcon presently has a consensus rating of “Hold”.

About Volcon

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.