Volcon (NASDAQ:EMPD) Major Shareholder Sells $31,189.41 in Stock

Volcon, Inc. (NASDAQ:EMPD) major shareholder Tice Brown sold 11,179 shares of the firm’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $2.79, for a total value of $31,189.41. Following the completion of the sale, the insider directly owned 2,162,315 shares in the company, valued at $6,032,858.85. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% 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 Monday, November 2nd, Tice Brown sold 4,464 shares of Volcon stock. The shares were sold at an average price of $2.66, for a total value of $11,874.24.

Volcon Trading Down 1.2%

EMPD traded down $0.03 during midday trading on Tuesday, reaching $2.45. 127,941 shares of the company’s stock traded hands, compared to its average volume of 546,219. The firm has a fifty day moving average of $3.01 and a two-hundred day moving average of $3.80. The stock has a market capitalization of $68.99 million, a price-to-earnings ratio of -2.33 and a beta of -0.35. 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 Ratings Changes

A number of brokerages recently commented on EMPD. Weiss Ratings restated a “sell (e+)” rating on shares of Volcon in a report on Thursday, October 15th. Lake Street Capital began coverage on shares of Volcon in a report on Tuesday, September 29th. They issued a “buy” rating and a $6.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Volcon from a “sell” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.