Volcon (NASDAQ:EMPD) Major Shareholder Tice Brown Sells 11,179 Shares of Company Stock

Volcon, Inc. (NASDAQ:EMPD) major shareholder Tice Brown sold 11,179 shares of the company’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $2.79, for a total transaction of $31,189.41. Following the completion of the transaction, the insider directly owned 2,162,315 shares of the company’s stock, valued at $6,032,858.85. This represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, November 2nd, Tice Brown sold 4,464 shares of Volcon stock. The stock was sold at an average price of $2.66, for a total value of $11,874.24.

Volcon Trading Down 1.2%

Shares of EMPD stock opened at $2.45 on Wednesday. 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 stock has a fifty day simple moving average of $3.01 and a two-hundred day simple moving average of $3.80. Volcon, Inc. has a 52-week low of $2.44 and a 52-week high of $6.68.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wall Street Zen upgraded Volcon from a “sell” rating to a “hold” rating in a research report on Saturday. Lake Street Capital assumed coverage on Volcon in a report on Tuesday, September 29th. They issued a “buy” rating and a $6.00 price target on the stock. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Volcon in a research note 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 issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus 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.