Volcon (NASDAQ:EMPD) Trading 4.2% Higher – Should You Buy?

Shares of Volcon, Inc. (NASDAQ:EMPD) traded up 4.2% during trading on Wednesday . The company traded as high as $8.10 and last traded at $8.00. 1,056,094 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 1,117,035 shares. The stock had previously closed at $7.68.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wall Street Zen raised shares of Volcon to a “sell” rating in a research report on Saturday, July 26th. Weiss Ratings reissued a “sell (e+)” rating on shares of Volcon in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Volcon currently has an average rating of “Moderate Buy”.

Volcon Trading Up 4.2%

The stock’s fifty day moving average is $8.02 and its two-hundred day moving average is $7.42.

Volcon (NASDAQ:EMPD) last released its quarterly earnings data 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 company had revenue of $0.70 million during 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.