Volcon (NASDAQ:EMPD) Shares Up 3.7% - Here's Why

Key Points

• Shares of Volcon, Inc. (NASDAQ:EMPD) increased by 3.7% during trading, reaching a last price of $7.58.
• Despite having an overall consensus rating of "Strong Buy," Wall Street Zen recently downgraded the stock to a "sell" rating.
• Volcon reported a significant loss with ($7.57) earnings per share for the last quarter, with a negative net margin of 720.28%.

Volcon, Inc. (NASDAQ:EMPD - Get Free Report) shares shot up 3.7% during trading on Tuesday . The stock traded as high as $7.67 and last traded at $7.58. 660,003 shares were traded during mid-day trading, a decline of 15% from the average session volume of 778,537 shares. The stock had previously closed at $7.31.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Volcon to a "sell" rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

Volcon Price Performance

The company's 50 day simple moving average is $9.45 and its 200-day simple moving average is $7.35.

Volcon (NASDAQ:EMPD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($7.57) earnings per share (EPS) for the quarter. The firm had revenue of $0.70 million during the quarter. Volcon had a negative return on equity of 282.87% and a negative net margin of 720.28%.

About Volcon

Volcon, Inc develops, manufactures, and sells electric off road powersport vehicles in the United States. It provides electric two and four-wheel motorcycles, and utility terrain vehicles through its dealers. The company also offers a line of upgrades and accessories. Its products are designed for family off-road adventures, and work on the farm and fun transport around private land applications.