Volcon (NASDAQ:EMPD) Issues Quarterly Earnings Results

Volcon (NASDAQ:EMPD) announced 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%. The company had revenue of $0.23 million during the quarter.

Volcon Stock Up 2.0%

Shares of Volcon stock opened at $5.04 on Friday. The business has a 50-day moving average of $4.55 and a 200-day moving average of $4.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.27 and a quick ratio of 0.26. The company has a market capitalization of $139.44 million, a PE ratio of -0.33 and a beta of -0.45. Volcon has a 1-year low of $3.18 and a 1-year high of $44.09.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Zacks Research upgraded Volcon to a “hold” rating in a report on Friday, April 17th. Wall Street Zen upgraded Volcon from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Volcon in a report on Monday, April 20th. Finally, Aegis upgraded Volcon to a “strong-buy” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Volcon currently 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.