Volcon (NASDAQ:EMPD) Stock: Insider Tice Brown Sells 4,464 Shares

Key Points

• Major shareholder Tice Brown sold 4,464 Volcon shares at an average $2.66, totaling $11,874.24. After the sale, Brown still directly owned 2,157,851 shares; Brown also sold 11,179 shares on October 30.
• Volcon shares fell 1.2% to $2.45 on Tuesday, near the stock’s one-year low of $2.44.
• Analysts’ average rating is Moderate Buy, with a $6.00 average price target, though ratings range from Strong Buy to Sell.

Volcon, Inc. (NASDAQ:EMPD - Get Free Report) major shareholder Tice Brown sold 4,464 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $2.66, for a total value of $11,874.24. Following the sale, the insider directly owned 2,157,851 shares in the company, valued at $5,739,883.66. The trade was a 0.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Tice Brown also recently made the following trade(s):

• On Friday, October 30th, Tice Brown sold 11,179 shares of Volcon stock. The shares were sold at an average price of $2.79, for a total value of $31,189.41.

Volcon Trading Down 1.2%

Shares of NASDAQ:EMPD traded down $0.03 during trading on Tuesday, hitting $2.45. The company had a trading volume of 127,941 shares, compared to its average volume of 546,219. The stock has a market cap of $68.99 million, a price-to-earnings ratio of -2.33 and a beta of -0.35. Volcon, Inc. has a one year low of $2.44 and a one year high of $6.68. The company has a fifty day simple moving average of $3.01 and a two-hundred day simple moving average of $3.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.47 and a quick ratio of 0.44.

Wall Street Analysts Forecast Growth

EMPD has been the subject of a number of analyst reports. Lake Street Capital began coverage on Volcon in a research report on Tuesday, September 29th. They issued a "buy" rating and a $6.00 price target for the company. Wall Street Zen upgraded shares of Volcon from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Volcon in a research note on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $6.00.

Volcon Company Profile

Volcon, Inc was an American powersports company focused on developing and selling all-electric off-road vehicles. Its product lineup included electric motorcycles and powersports vehicles designed for recreational riding, utility use and outdoor applications.

The company's products included the Grunt and Runt electric motorcycles, the Brat electric bike and the Stag electric utility terrain vehicle. Volcon marketed its vehicles through a combination of direct sales, dealers and distribution partners, primarily serving customers in the United States and select international markets.

Founded in 2020 and headquartered in Texas, Volcon was led during its operating years by Chief Executive Officer Jordan Davis, among other executives and board members.

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