Volcon (NASDAQ:EMPD) Posts Earnings Results

Volcon (NASDAQ:EMPD) issued its quarterly earnings results on Friday. The company reported ($0.22) earnings per share (EPS) for the quarter, Zacks reports. Volcon had a negative net margin of 1,795.76% and a negative return on equity of 72.94%.

Volcon Trading Up 2.0%

Shares of NASDAQ:EMPD traded up $0.10 during midday trading on Friday, hitting $5.04. The company had a trading volume of 197,880 shares, compared to its average volume of 874,900. The company has a current ratio of 0.27, a quick ratio of 0.26 and a debt-to-equity ratio of 0.19. Volcon has a 12 month low of $3.18 and a 12 month high of $44.09. The firm has a fifty day simple moving average of $4.55 and a 200 day simple moving average of $4.81. The stock has a market cap of $139.46 million, a price-to-earnings ratio of -0.33 and a beta of -0.45.

Analyst Upgrades and Downgrades

EMPD has been the subject of several recent research reports. Wall Street Zen raised Volcon from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. Aegis raised shares of Volcon to a “strong-buy” rating in a research note on Monday, April 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Volcon in a research report on Monday, April 20th. Finally, Zacks Research raised shares of Volcon to a “hold” rating in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.