Volcon (NASDAQ:EMPD) Stock Rating Upgraded by Aegis

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

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

Volcon Stock Up 4.7%

NASDAQ EMPD traded up $0.21 during mid-day trading on Monday, reaching $4.59. 237,397 shares of the company’s stock traded hands, compared to its average volume of 1,019,128. Volcon has a 1-year low of $3.18 and a 1-year high of $44.09. The company has a fifty day simple moving average of $4.18 and a 200-day simple moving average of $5.19. The company has a current ratio of 0.27, a quick ratio of 0.45 and a debt-to-equity ratio of 0.19. The company has a market cap of $138.73 million, a price-to-earnings ratio of -0.30 and a beta of -0.73.

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

Insider Buying and Selling

In other news, major shareholder Atg Capital Opportunities Fund bought 559,183 shares of Volcon stock in a transaction on Tuesday, February 3rd. The shares were bought at an average price of $4.68 per share, with a total value of $2,616,976.44. Following the acquisition, the insider directly owned 4,500,000 shares in the company, valued at approximately $21,060,000. This represents a 14.19% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders purchased 1,119,771 shares of company stock worth $5,349,670. Company 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.