Volcon (NASDAQ:EMPD) Stock Price Down 19.7% – What’s Next?

Volcon, Inc. (NASDAQ:EMPD)’s share price traded down 19.7% during trading on Monday . The stock traded as low as $6.86 and last traded at $7.23. 2,971,612 shares were traded during mid-day trading, an increase of 922% from the average session volume of 290,717 shares. The stock had previously closed at $9.00.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Volcon to a “sell” rating in a report on Saturday, July 26th.

Volcon Stock Down 19.7%

The firm has a fifty day simple moving average of $9.06 and a 200 day simple moving average of $7.85.

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

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.