Volcon (NASDAQ:EMPD) Shares Up 2.6% – Should You Buy?

Shares of Volcon, Inc. (NASDAQ:EMPD) shot up 2.6% on Wednesday . The company traded as high as $2.90 and last traded at $2.72. 1,414,676 shares changed hands during trading, an increase of 304% from the average session volume of 350,319 shares. The stock had previously closed at $2.65.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Volcon from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Volcon in a report on Friday, July 17th. Finally, Zacks Research upgraded shares of Volcon to a “hold” rating in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Volcon Price Performance

The company has a current ratio of 2.03, a quick ratio of 1.97 and a debt-to-equity ratio of 0.27. The firm has a market cap of $81.24 million, a PE ratio of -3.66 and a beta of -0.38. The stock has a 50 day simple moving average of $3.43 and a 200-day simple moving average of $4.11.

Insider Buying and Selling at Volcon

In other Volcon news, major shareholder Empery Asset Management, Lp bought 750,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of $2.98 per share, for a total transaction of $2,235,000.00. Following the completion of the transaction, the insider owned 4,430,345 shares of the company’s stock, valued at $13,202,428.10. This trade represents a 20.38% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

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.