Volcon (NASDAQ:EMPD) Major Shareholder Sells $11,874.24 in Stock

Volcon, Inc. (NASDAQ:EMPD) major shareholder Tice Brown sold 4,464 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $2.66, for a total value of $11,874.24. Following the transaction, the insider directly owned 2,157,851 shares in the company, valued at approximately $5,739,883.66. The trade was a 0.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more 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 Friday, October 30th, Tice Brown sold 11,179 shares of Volcon stock. The stock was sold at an average price of $2.79, for a total value of $31,189.41.

Volcon Stock Down 8.4%

Volcon stock opened at $2.07 on Friday. Volcon, Inc. has a fifty-two week low of $2.05 and a fifty-two week high of $6.63. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.47. The company has a market capitalization of $58.29 million, a P/E ratio of -1.97 and a beta of -0.36. The stock has a 50-day simple moving average of $2.98 and a 200-day simple moving average of $3.78.

Analyst Ratings Changes

Several research firms have commented on EMPD. Wall Street Zen raised Volcon from a “sell” rating to a “hold” rating in a research report on Saturday, October 31st. Weiss Ratings restated a “sell (e+)” rating on shares of Volcon in a research report on Thursday, October 15th. Finally, Lake Street Capital started coverage on shares of Volcon in a research report on Tuesday, September 29th. They set a “buy” rating and a $6.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.