Volcon (NASDAQ:EMPD) Major Shareholder Acquires $2,616,976.44 in Stock

Volcon, Inc. (NASDAQ:EMPD) major shareholder Atg Capital Opportunities Fund purchased 559,183 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was acquired at an average cost of $4.68 per share, for a total transaction of $2,616,976.44. Following the transaction, the insider owned 4,500,000 shares of the company’s stock, valued at approximately $21,060,000. This trade represents a 14.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Atg Capital Opportunities Fund also recently made the following trade(s):

• On Monday, February 2nd, Atg Capital Opportunities Fund acquired 131,962 shares of Volcon stock. The stock was acquired at an average cost of $4.67 per share, with a total value of $616,262.54.
• On Friday, January 30th, Atg Capital Opportunities Fund bought 114,447 shares of Volcon stock. The shares were acquired at an average cost of $4.82 per share, for a total transaction of $551,634.54.
• On Thursday, January 29th, Atg Capital Opportunities Fund bought 190,971 shares of Volcon stock. The shares were bought at an average price of $4.91 per share, for a total transaction of $937,667.61.
• On Wednesday, January 28th, Atg Capital Opportunities Fund purchased 123,208 shares of Volcon stock. The stock was bought at an average cost of $5.09 per share, with a total value of $627,128.72.

Volcon Trading Down 3.0%

Shares of NASDAQ EMPD traded down $0.14 during mid-day trading on Wednesday, hitting $4.50. The company had a trading volume of 1,889,331 shares, compared to its average volume of 974,360. Volcon, Inc. has a 1 year low of $4.03 and a 1 year high of $44.09. The company has a market capitalization of $163.89 million, a price-to-earnings ratio of -0.29 and a beta of -0.60. The stock’s 50-day moving average price is $4.67 and its 200-day moving average price is $6.75.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Volcon in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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.