Volcon (NASDAQ:EMPD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Volcon (NASDAQ:EMPD) from a sell rating to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other equities research analysts also recently issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Volcon in a research report on Thursday, October 15th. Lake Street Capital began coverage on Volcon in a report on Tuesday, September 29th. They issued a “buy” rating and a $6.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

Volcon Stock Down 7.8%

Shares of EMPD stock opened at $2.48 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.47 and a debt-to-equity ratio of 0.48. Volcon has a 12 month low of $2.47 and a 12 month high of $7.06. The company has a 50 day simple moving average of $3.02 and a two-hundred day simple moving average of $3.82.

Insider Transactions at Volcon

In other news, major shareholder Empery Asset Management, Lp bought 500,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were bought at an average price of $3.59 per share, for a total transaction of $1,795,000.00. Following the purchase, the insider owned 4,930,345 shares in the company, valued at approximately $17,699,938.55. The trade was a 11.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have purchased 1,900,000 shares of company stock valued at $5,863,000. Corporate insiders own 0.13% of the company’s stock.

Volcon Company Profile

Volcon, Inc was an American powersports company focused on developing and selling all-electric off-road vehicles. Its product lineup included electric motorcycles and powersports vehicles designed for recreational riding, utility use and outdoor applications.

The company’s products included the Grunt and Runt electric motorcycles, the Brat electric bike and the Stag electric utility terrain vehicle. Volcon marketed its vehicles through a combination of direct sales, dealers and distribution partners, primarily serving customers in the United States and select international markets.

Founded in 2020 and headquartered in Texas, Volcon was led during its operating years by Chief Executive Officer Jordan Davis, among other executives and board members.