Volcon (NASDAQ:EMPD) Stock Price Down 4% – Should You Sell?

Volcon, Inc. (NASDAQ:EMPDGet Free Report) shares traded down 4% during trading on Tuesday . The company traded as low as $3.43 and last traded at $3.56. Approximately 1,633,895 shares changed hands during trading, an increase of 699% from the average daily volume of 204,506 shares. The stock had previously closed at $3.71.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EMPD. Aegis upgraded shares of Volcon to a “strong-buy” rating in a research note on Monday, April 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Volcon in a research report on Monday, April 20th. Zacks Research raised shares of Volcon to a “hold” rating in a research note on Friday, April 17th. Finally, Wall Street Zen upgraded shares of Volcon from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

View Our Latest Stock Report on Volcon

Volcon Price Performance

The business has a 50-day simple moving average of $4.40 and a two-hundred day simple moving average of $4.39. 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 market capitalization of $100.07 million, a price-to-earnings ratio of -0.43 and a beta of -0.40.

Volcon (NASDAQ:EMPDGet Free Report) last issued its quarterly earnings results on Friday, March 27th. The company reported ($4.84) earnings per share (EPS) for the quarter. Volcon had a negative net margin of 1,795.76% and a negative return on equity of 62.90%. The firm had revenue of ($0.66) million for the quarter.

About Volcon

(Get Free Report)

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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