Empery Asset Management, Lp Purchases 650,000 Shares of Volcon (NASDAQ:EMPD) Stock

Key Points

• Empery Asset Management purchased 650,000 Volcon shares at an average price of $2.82, investing $1.83 million and increasing its position by 21.45% to 3.68 million shares.
• The firm also bought 750,000 additional shares the following day at $2.98 each, indicating continued accumulation by the major shareholder.
• Volcon shares recently traded at $2.90, near the lower end of their 12-month range, while analyst sentiment remained mixed with a consensus rating of Hold.

Volcon, Inc. (NASDAQ:EMPD - Get Free Report) major shareholder Empery Asset Management, Lp bought 650,000 shares of the company's stock in a transaction on Wednesday, August 12th. The shares were acquired at an average cost of $2.82 per share, for a total transaction of $1,833,000.00. Following the completion of the acquisition, the insider directly owned 3,680,345 shares of the company's stock, valued at $10,378,572.90. This trade represents a 21.45% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Empery Asset Management, Lp also recently made the following trade(s):

• On Thursday, August 13th, Empery Asset Management, Lp purchased 750,000 shares of Volcon stock. The stock was acquired at an average price of $2.98 per share, for a total transaction of $2,235,000.00.

Volcon Stock Performance

Shares of NASDAQ:EMPD traded up $0.07 during trading on Friday, reaching $2.90. 252,634 shares of the company's stock traded hands, compared to its average volume of 661,325. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.97. Volcon, Inc. has a 12 month low of $2.48 and a 12 month high of $10.15. The company has a 50 day moving average of $3.43 and a 200-day moving average of $4.11. The stock has a market capitalization of $81.38 million, a P/E ratio of -3.66 and a beta of -0.38.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of Volcon to a "hold" rating in a report on Friday, April 17th. Wall Street Zen upgraded shares of Volcon from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Volcon in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

About Volcon

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.

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