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

Volcon, Inc. (NASDAQ:EMPD) major shareholder Tice Brown sold 4,464 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $2.66, for a total transaction of $11,874.24. Following the sale, the insider 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares 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 stock was sold at an average price of $2.79, for a total value of $31,189.41.

Volcon Trading Down 7.8%

Volcon stock opened at $2.26 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average price is $3.00 and its 200-day moving average price is $3.79. Volcon, Inc. has a 1 year low of $2.24 and a 1 year high of $6.64.

Analyst Ratings Changes

EMPD has been the subject of a number of research reports. Wall Street Zen upgraded Volcon from a “sell” rating to a “hold” rating in a research report on Saturday, October 31st. 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. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Volcon in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Volcon has an average rating of “Moderate Buy” and a consensus target price 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.