Volcon (NASDAQ:EMPD) Issues Earnings Results

Volcon (NASDAQ:EMPD) announced its quarterly earnings results on Friday. The company reported ($0.22) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $0.23 million during the quarter. Volcon had a negative return on equity of 72.94% and a negative net margin of 1,795.76%.

Volcon Stock Up 2.0%

EMPD stock traded up $0.10 during midday trading on Friday, hitting $5.04. The company’s stock had a trading volume of 197,880 shares, compared to its average volume of 395,712. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.27 and a quick ratio of 0.26. Volcon has a twelve month low of $3.18 and a twelve month high of $44.09. The company’s fifty day moving average price is $4.55 and its 200 day moving average price is $4.81. The stock has a market capitalization of $139.46 million, a P/E ratio of -0.33 and a beta of -0.45.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EMPD. Aegis raised shares of Volcon to a “strong-buy” rating in a research note on Monday, April 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Volcon in a report on Monday, April 20th. Zacks Research raised Volcon to a “hold” rating in a research report on Friday, April 17th. Finally, Wall Street Zen upgraded Volcon from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

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.