Volcon (NASDAQ:EMPD) Issues Earnings Results

Volcon (NASDAQ:EMPD) announced its quarterly earnings results on Tuesday. The company reported ($0.57) earnings per share (EPS) for the quarter, Zacks reports. Volcon had a negative return on equity of 282.87% and a negative net margin of 720.28%.

Volcon Stock Down 6.6%

EMPD opened at $6.10 on Wednesday. The business’s fifty day simple moving average is $7.20 and its 200 day simple moving average is $7.47. Volcon has a 52 week low of $4.40 and a 52 week high of $80.80. The stock has a market cap of $269.74 million, a PE ratio of -0.03 and a beta of -0.62.

Wall Street Analyst Weigh In

EMPD has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Volcon in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Volcon to a “sell” rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About Volcon

Volcon, Inc develops, manufactures, and sells electric off road powersport vehicles in the United States. It provides electric two and four-wheel motorcycles, and utility terrain vehicles through its dealers. The company also offers a line of upgrades and accessories. Its products are designed for family off-road adventures, and work on the farm and fun transport around private land applications.