Empery Asset Management, Lp Purchases 750,000 Shares of Volcon (NASDAQ:EMPD) Stock

Key Points

• Empery Asset Management increased its Volcon position by 750,000 shares on August 13 at an average price of $2.98, investing approximately $2.24 million. The purchase raised its direct ownership to 4.43 million shares, a 20.38% increase.
• Volcon shares rose 2.3% to $2.90, but remain well below their 12-month high of $10.15 and their 50-day and 200-day moving averages. The company has a market capitalization of approximately $81.4 million.
• Analyst sentiment is mixed, with ratings split among Strong Buy, Hold, and Sell; MarketBeat’s consensus rating is Hold. Empery also purchased 650,000 shares the previous day at $2.82 per share.

Volcon, Inc. (NASDAQ:EMPD - Get Free Report) major shareholder Empery Asset Management, Lp purchased 750,000 shares of Volcon stock in a transaction dated Thursday, August 13th. The stock was bought at an average cost of $2.98 per share, for a total transaction of $2,235,000.00. Following the completion of the purchase, the insider directly owned 4,430,345 shares in the company, valued at approximately $13,202,428.10. This trade represents a 20.38% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

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

• On Wednesday, August 12th, Empery Asset Management, Lp bought 650,000 shares of Volcon stock. The stock was bought at an average price of $2.82 per share, with a total value of $1,833,000.00.

Volcon Trading Up 2.3%

NASDAQ EMPD traded up $0.07 on Friday, reaching $2.90. The stock had a trading volume of 252,634 shares, compared to its average volume of 661,325. 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 stock has a fifty day moving average price of $3.43 and a two-hundred day moving average price of $4.11. Volcon, Inc. has a 12-month low of $2.48 and a 12-month high of $10.15. The firm has a market capitalization of $81.38 million, a price-to-earnings ratio of -3.64 and a beta of -0.38.

Wall Street Analyst Weigh In

EMPD has been the topic of a number of analyst reports. Weiss Ratings restated a "sell (e+)" rating on shares of Volcon in a report on Friday, July 17th. Zacks Research raised Volcon to a "hold" rating in a report on Friday, April 17th. Finally, Wall Street Zen upgraded Volcon from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average 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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