Volcon (NASDAQ:EMPD) Trading 8.4% Higher – Time to Buy?

Volcon, Inc. (NASDAQ:EMPD)’s stock price shot up 8.4% during mid-day trading on Monday . The stock traded as high as $3.64 and last traded at $3.60. 130,978 shares traded hands during trading, a decline of 26% from the average session volume of 177,015 shares. The stock had previously closed at $3.32.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wall Street Zen upgraded Volcon from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research upgraded Volcon to a “hold” rating in a research report on Friday, April 17th. Aegis upgraded Volcon to a “strong-buy” rating in a research report on Monday, April 6th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Volcon in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Volcon has a consensus rating of “Hold”.

Volcon Stock Up 8.4%

The company has a quick ratio of 1.97, a current ratio of 2.03 and a debt-to-equity ratio of 0.27. The company has a market cap of $101.20 million, a PE ratio of -0.43 and a beta of -0.40. The stock has a 50-day moving average of $4.69 and a 200-day moving average of $4.53.

Volcon (NASDAQ:EMPD) last issued its quarterly earnings data on Friday, March 27th. The company reported ($4.84) earnings per share (EPS) for the quarter. Volcon had a negative return on equity of 62.90% and a negative net margin of 1,795.76%.The business had revenue of ($0.66) million during the quarter.

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.