Insider Buying: Volcon (NASDAQ:EMPD) Major Shareholder Purchases $2,616,976.44 in Stock

Volcon, Inc. (NASDAQ:EMPD) major shareholder Atg Capital Opportunities Fund purchased 559,183 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were acquired at an average price of $4.68 per share, with a total value of $2,616,976.44. Following the purchase, the insider owned 4,500,000 shares of the company’s stock, valued at approximately $21,060,000. This trade represents a 14.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Atg Capital Opportunities Fund also recently made the following trade(s):

• On Monday, February 2nd, Atg Capital Opportunities Fund acquired 131,962 shares of Volcon stock. The stock was bought at an average price of $4.67 per share, for a total transaction of $616,262.54.
• On Friday, January 30th, Atg Capital Opportunities Fund bought 114,447 shares of Volcon stock. The shares were bought at an average price of $4.82 per share, with a total value of $551,634.54.
• On Thursday, January 29th, Atg Capital Opportunities Fund purchased 190,971 shares of Volcon stock. The stock was bought at an average cost of $4.91 per share, for a total transaction of $937,667.61.
• On Wednesday, January 28th, Atg Capital Opportunities Fund acquired 123,208 shares of Volcon stock. The shares were bought at an average price of $5.09 per share, with a total value of $627,128.72.

Volcon Stock Performance

Shares of NASDAQ EMPD opened at $3.72 on Friday. Volcon, Inc. has a 52-week low of $3.18 and a 52-week high of $44.09. The business has a fifty day moving average of $4.59 and a two-hundred day moving average of $6.63. The stock has a market cap of $135.48 million, a PE ratio of -0.24 and a beta of -0.60.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Volcon in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Volcon has a consensus rating of “Moderate Buy”.

Volcon Company Profile

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.