Volcon (NASDAQ:EMPD) Major Shareholder Empery Asset Management, Lp Buys 500,000 Shares of Stock

Volcon, Inc. (NASDAQ:EMPD) major shareholder Empery Asset Management, Lp bought 500,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were purchased at an average cost of $3.59 per share, with a total value of $1,795,000.00. Following the acquisition, the insider directly owned 4,930,345 shares of the company’s stock, valued at approximately $17,699,938.55. This represents a 11.29% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Empery Asset Management, Lp also recently made the following trade(s):

• On Thursday, August 13th, Empery Asset Management, Lp purchased 750,000 shares of Volcon stock. The stock was acquired at an average price of $2.98 per share, for a total transaction of $2,235,000.00.
• On Wednesday, August 12th, Empery Asset Management, Lp bought 650,000 shares of Volcon stock. The shares were acquired at an average price of $2.82 per share, for a total transaction of $1,833,000.00.

Volcon Trading Down 9.4%

Shares of NASDAQ:EMPD opened at $3.18 on Thursday. The business’s 50 day simple moving average is $3.24 and its 200 day simple moving average is $3.98. Volcon, Inc. has a 1 year low of $2.48 and a 1 year high of $8.17. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.47 and a quick ratio of 0.44. The company has a market capitalization of $89.39 million, a P/E ratio of -3.03 and a beta of -0.34.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Volcon in a report on Friday, July 17th. Wall Street Zen upgraded shares of Volcon from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong 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, the company has a consensus 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.