Volcon (NASDAQ:EMPD) Stock: Insider Tice Brown Sells 11,179 Shares

Volcon, Inc. (NASDAQ:EMPD) major shareholder Tice Brown sold 11,179 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $2.79, for a total value of $31,189.41. Following the sale, the insider owned 2,162,315 shares of the company’s stock, valued at approximately $6,032,858.85. This represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 stock was sold at an average price of $2.66, for a total value of $11,874.24.

Volcon Stock Down 7.8%

NASDAQ:EMPD opened at $2.26 on Thursday. The stock has a 50 day simple moving average of $3.00 and a 200 day simple moving average of $3.79. 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 1-year low of $2.24 and a 1-year high of $6.64.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EMPD. Weiss Ratings reissued a “sell (e+)” rating on shares of Volcon in a research report on Thursday, October 15th. Lake Street Capital assumed coverage on shares of Volcon in a research report on Tuesday, September 29th. They set 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 research note on Saturday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus 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.