Volcon (NASDAQ:EMPD) Major Shareholder Tice Brown Sells 4,464 Shares of Stock

Volcon, Inc. (NASDAQ:EMPD) major shareholder Tice Brown sold 4,464 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $2.66, for a total value of $11,874.24. Following the sale, the insider owned 2,157,851 shares in the company, valued at approximately $5,739,883.66. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Tice Brown also recently made the following trade(s):

• On Friday, October 30th, Tice Brown sold 11,179 shares of Volcon stock. The shares were sold at an average price of $2.79, for a total value of $31,189.41.

Volcon Trading Down 1.2%

Shares of EMPD opened at $2.45 on Wednesday. The stock’s 50-day simple moving average is $3.01 and its 200 day simple moving average is $3.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.47 and a quick ratio of 0.44. Volcon, Inc. has a 52-week low of $2.44 and a 52-week high of $6.68.

Analyst Upgrades and Downgrades

EMPD has been the topic of several analyst reports. Lake Street Capital initiated coverage on Volcon in a research report on Tuesday, September 29th. They set a “buy” rating and a $6.00 price target on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Volcon in a research report on Thursday, October 15th. Finally, Wall Street Zen raised shares of Volcon from a “sell” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Volcon has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

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.