Volcon (NASDAQ:EMPD) Announces Quarterly Earnings Results

Volcon (NASDAQ:EMPD) released its quarterly earnings results on Friday. The company reported ($4.84) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of ($0.66) million during the quarter. Volcon had a negative return on equity of 27.36% and a negative net margin of 1,758.79%.

Volcon Price Performance

Volcon stock traded down $0.20 during trading hours on Friday, hitting $3.97. 923,064 shares of the stock traded hands, compared to its average volume of 1,027,738. The firm’s 50 day moving average price is $4.24 and its 200-day moving average price is $5.39. The stock has a market capitalization of $112.95 million, a price-to-earnings ratio of -0.26 and a beta of -0.59. Volcon has a 1 year low of $3.18 and a 1 year high of $44.09.

Insider Activity

In other Volcon news, major shareholder Atg Capital Opportunities Fund bought 559,183 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was bought at an average cost of $4.68 per share, for a total transaction of $2,616,976.44. Following the completion of the transaction, the insider directly 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders bought 1,119,771 shares of company stock valued at $5,349,670 in the last three months. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Volcon in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

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.