Volcon (NASDAQ:EMPD) Stock Rating Lowered by Wall Street Zen

by · The Cerbat Gem

Volcon (NASDAQ:EMPD – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Volcon in a research note on Friday, July 17th. Lake Street Capital assumed coverage on shares of Volcon in a research note on Tuesday, September 29th. They issued a “buy” rating and a $6.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.00.

View Our Latest Research Report on Volcon

Volcon Price Performance

NASDAQ EMPD opened at $3.13 on Friday. 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 $88.14 million, a P/E ratio of -2.98 and a beta of -0.35. Volcon has a one year low of $2.48 and a one year high of $8.11. The stock has a 50 day moving average price of $3.00 and a 200-day moving average price of $3.83.

Insider Activity

In related news, major shareholder Empery Asset Management, Lp bought 500,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was purchased at an average price of $3.59 per share, for a total transaction of $1,795,000.00. Following the acquisition, the insider owned 4,930,345 shares in the company, valued at $17,699,938.55. This trade represents a 11.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders purchased 1,900,000 shares of company stock valued at $5,863,000. 0.13% of the stock is owned by company insiders.

Volcon Company Profile

(Get Free Report)

Volcon, Inc is a powersports company focused on the design and development of fully electric off-road vehicles. Its product portfolio has included electric motorcycles, utility terrain vehicles and related powersports products intended for recreational riding, outdoor work and other off-road applications.

The company’s offerings have included the Grunt and Runt electric motorcycles, which feature wide tires designed for use on varied terrain, as well as the Stag electric utility terrain vehicle.

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