Insider Selling: Volcon (NASDAQ:EMPD) Major Shareholder Sells $11,874.24 in 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 transaction of $11,874.24. Following the sale, the insider directly owned 2,157,851 shares of the company’s stock, valued at $5,739,883.66. This represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions 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 stock was sold at an average price of $2.79, for a total value of $31,189.41.

Volcon Stock Down 1.2%

Shares of Volcon stock traded down $0.03 during trading on Tuesday, hitting $2.45. 127,941 shares of the stock traded hands, compared to its average volume of 546,219. The firm has a market cap of $68.99 million, a P/E ratio of -2.33 and a beta of -0.35. The company has a current ratio of 0.47, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. Volcon, Inc. has a 52-week low of $2.44 and a 52-week high of $6.68. The stock’s fifty day simple moving average is $3.01 and its 200 day simple moving average is $3.80.

Analyst Ratings Changes

Several research firms recently commented on EMPD. Lake Street Capital assumed coverage on shares of Volcon in a research note on Tuesday, September 29th. They set a “buy” rating and a $6.00 price objective for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Volcon in a report on Thursday, October 15th. Finally, Wall Street Zen raised Volcon from a “sell” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.00.

About Volcon

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.