Volcon (NASDAQ:EMPD) Shares Up 8.4% – Should You Buy?

Volcon, Inc. (NASDAQ:EMPD)’s stock price shot up 8.4% on Monday . The company traded as high as $3.64 and last traded at $3.60. 130,978 shares were traded during mid-day trading, a decline of 26% from the average session volume of 177,015 shares. The stock had previously closed at $3.32.

Wall Street Analysts Forecast Growth

EMPD has been the topic of several analyst reports. Zacks Research raised Volcon to a “hold” rating in a report on Friday, April 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Volcon in a report on Monday, April 20th. Wall Street Zen raised Volcon from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Aegis raised Volcon to a “strong-buy” rating in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Volcon presently has a consensus rating of “Hold”.

Volcon Trading Down 0.6%

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.97 and a current ratio of 2.03. The stock has a 50-day moving average of $4.68 and a 200 day moving average of $4.52.

Volcon (NASDAQ:EMPD) last announced its quarterly earnings data on Friday, March 27th. The company reported ($4.84) EPS for the quarter. Volcon had a negative return on equity of 62.90% and a negative net margin of 1,795.76%.The company had revenue of ($0.66) million for the quarter.

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.