Weiss Ratings Reaffirms Sell (E+) Rating for Volcon (NASDAQ:EMPD)

Key Points

• Weiss Ratings has reaffirmed its "sell (E+)" rating for Volcon (NASDAQ: EMPD), highlighting ongoing concerns about the company's performance.
• Volcon's stock experienced a 4.2% increase on Wednesday, reaching $8.00, while it has fluctuated between a low of $4.40 and a high of $80.80 over the past twelve months.
• In its latest earnings report, Volcon reported a substantial loss of ($7.57) earnings per share and a negative net margin of 720.28%, indicating significant financial challenges.

Volcon (NASDAQ:EMPD - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised Volcon to a "sell" rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Volcon Stock Up 4.2%

EMPD stock traded up $0.32 during trading on Wednesday, reaching $8.00. 1,056,094 shares of the stock were exchanged, compared to its average volume of 1,117,035. The firm's 50 day moving average is $8.02 and its 200 day moving average is $7.42. Volcon has a twelve month low of $4.40 and a twelve month high of $80.80.

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

Volcon Company Profile

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.

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