Empery Asset Management, Lp Acquires 500,000 Shares of Volcon (NASDAQ:EMPD) Stock

Volcon, Inc. (NASDAQ:EMPD) major shareholder Empery Asset Management, Lp purchased 500,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was acquired at an average price of $3.59 per share, for a total transaction of $1,795,000.00. Following the transaction, the insider owned 4,930,345 shares of the company’s stock, valued at $17,699,938.55. The trade was a 11.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions 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 stock was bought at an average cost of $2.98 per share, for a total transaction of $2,235,000.00.
• On Wednesday, August 12th, Empery Asset Management, Lp acquired 650,000 shares of Volcon stock. The shares were bought at an average price of $2.82 per share, with a total value of $1,833,000.00.

Volcon Stock Performance

EMPD opened at $3.41 on Friday. The firm has a market cap of $95.86 million, a PE ratio of -3.25 and a beta of -0.34. The company has a quick ratio of 0.44, a current ratio of 0.47 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $3.24 and a 200-day simple moving average of $3.98. Volcon, Inc. has a fifty-two week low of $2.48 and a fifty-two week high of $8.17.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EMPD shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Volcon in a research note on Friday, July 17th. Wall Street Zen raised shares of Volcon from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

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.