Insider Buying: Volcon (NASDAQ:EMPD) Major Shareholder Purchases $1,795,000.00 in Stock

Volcon, Inc. (NASDAQ:EMPD) major shareholder Empery Asset Management, Lp bought 500,000 shares of Volcon stock in a transaction dated Tuesday, September 1st. The shares were purchased at an average cost of $3.59 per share, for a total transaction 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 approximately $17,699,938.55. This represents a 11.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% 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 purchased 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 purchased 650,000 shares of Volcon stock. The shares were purchased at an average cost of $2.82 per share, for a total transaction of $1,833,000.00.

Volcon Stock Performance

Shares of EMPD stock opened at $3.29 on Friday. Volcon, Inc. has a 12 month low of $2.48 and a 12 month high of $8.17. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.47 and a quick ratio of 0.44. The firm has a market capitalization of $92.48 million, a P/E ratio of -3.13 and a beta of -0.34. The company’s fifty day moving average price is $3.24 and its two-hundred day moving average price is $3.97.

Wall Street Analyst Weigh In

Several research firms recently commented on EMPD. Weiss Ratings reiterated a “sell (e+)” rating on shares of Volcon in a research note on Friday, July 17th. Wall Street Zen upgraded Volcon from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research 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. According to MarketBeat.com, the stock currently 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.