Volcon (NASDAQ:EMPD) Upgraded to “Strong-Buy” at Aegis

Aegis upgraded shares of Volcon (NASDAQ:EMPD) to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Volcon in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Volcon Stock Performance

Volcon stock traded up $0.22 during midday trading on Monday, hitting $4.60. 142,186 shares of the company were exchanged, compared to its average volume of 1,018,499. The firm has a market capitalization of $139.21 million, a PE ratio of -0.30 and a beta of -0.73. Volcon has a fifty-two week low of $3.18 and a fifty-two week high of $44.09. The business has a fifty day simple moving average of $4.18 and a two-hundred day simple moving average of $5.19. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.45 and a current ratio of 0.27.

Volcon (NASDAQ:EMPD) last issued its quarterly earnings results on Friday, March 27th. The company reported ($4.84) earnings per share (EPS) for the quarter. The business had revenue of ($0.66) million for the quarter. Volcon had a negative return on equity of 72.94% and a negative net margin of 1,758.79%.

Insider Transactions at Volcon

In other Volcon news, major shareholder Atg Capital Opportunities Fund purchased 559,183 shares of the stock in a transaction on Tuesday, February 3rd. The shares were bought at an average price of $4.68 per share, for a total transaction of $2,616,976.44. Following the completion of the transaction, the insider owned 4,500,000 shares of the company’s stock, valued at $21,060,000. This trade represents a 14.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders purchased a total of 1,119,771 shares of company stock worth $5,349,670 in the last quarter. Corporate insiders own 0.13% of the company’s stock.

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.