Volcon (NASDAQ:EMPD) Shares Down 4% – Should You Sell?

Volcon, Inc. (NASDAQ:EMPD)’s stock price was down 4% during trading on Tuesday . The stock traded as low as $3.43 and last traded at $3.56. 1,633,895 shares were traded during trading, an increase of 699% from the average daily volume of 204,506 shares. The stock had previously closed at $3.71.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EMPD. Zacks Research upgraded Volcon to a “hold” rating in a research report on Friday, April 17th. Aegis upgraded Volcon to a “strong-buy” rating in a research note on Monday, April 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Volcon in a research note on Monday, April 20th. Finally, Wall Street Zen raised Volcon from a “sell” rating to a “hold” rating in a research report 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Volcon Price Performance

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 market capitalization of $100.07 million, a price-to-earnings ratio of -0.43 and a beta of -0.40. The business’s 50 day simple moving average is $4.40 and its 200-day simple moving average is $4.39.

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

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.