Volcon (NASDAQ:EMPD) Major Shareholder Empery Asset Management, Lp Purchases 750,000 Shares of Stock

Volcon, Inc. (NASDAQ:EMPD) major shareholder Empery Asset Management, Lp acquired 750,000 shares of Volcon stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of $2.98 per share, with a total value of $2,235,000.00. Following the purchase, the insider directly owned 4,430,345 shares of the company’s stock, valued at $13,202,428.10. This represents a 20.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Empery Asset Management, Lp also recently made the following trade(s):

• On Wednesday, August 12th, Empery Asset Management, Lp bought 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 Up 2.1%

Shares of NASDAQ EMPD opened at $2.89 on Friday. The company has a current ratio of 0.47, a quick ratio of 1.97 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $81.24 million, a PE ratio of -3.66 and a beta of -0.38. The stock’s fifty day simple moving average is $3.42 and its two-hundred day simple moving average is $4.10. Volcon, Inc. has a 12-month low of $2.48 and a 12-month high of $10.15.

Wall Street Analyst Weigh In

EMPD has been the topic of a number of recent research reports. Zacks Research raised Volcon to a “hold” rating in a research report on Friday, April 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Volcon in a report on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Volcon from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, 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.