Empery Digital (EMPD) AI Stock Analysis

• Market Cap: $163.91M
• Dividend Yield: N/A
• Average Volume (3M): 931.92K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.93
• Revenue Growth: -36.52%
• EPS Growth: 99.81%
• Country: US
• Employees: 35
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): -0.96
• Shares Outstanding: 36,423,862
• 10 Day Avg. Volume: 1,093,122
• 30 Day Avg. Volume: 931,923
• PEG Ratio: <0.01
• Price to Book (P/B): 12.89
• Price to Sales (P/S): 0.13
• P/FCF Ratio: -0.03
• Enterprise Value/Market Cap: 1.20
• Enterprise Value/Revenue: 74.68
• Enterprise Value/Gross Profit: -80.36
• Enterprise Value/Ebitda: -4.38
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $4.50 ▼(-3.23% Downside)

The score is primarily constrained by poor financial performance (persistent losses, negative margins, and negative operating/free cash flow). Technical indicators are mostly neutral with some near-term stabilization but longer-term trend pressure. Corporate actions (expanded buybacks and rights plan) are supportive, but valuation is hindered by a negative P/E and lack of dividend yield data.

Positive Factors

Leverage position (low debt-to-equity)

A relatively low debt-to-equity ratio provides durable financial flexibility, lowering default and interest-rate risk. Over 2–6 months this enables management to pursue strategic actions (repurchases, asset sales, or opportunistic investments) without immediately straining leverage covenants.

Defensive governance: rights plan adoption

Adopting a limited-duration rights plan is a structural governance change that protects against hostile control attempts and gives the board time to evaluate strategic alternatives. This reduces takeover risk and preserves value for long-term shareholders while allowing negotiated, qualified offers.

Substantial remaining buyback authorization

A large remaining repurchase capacity signals management commitment to capital returns and flexibility to consolidate shares. If executed prudently, sustained buybacks can improve per-share economics and return on equity over time, aligning capital allocation with shareholder value creation.

Negative Factors

Persistent unprofitability and negative margins

Deeply negative gross and net margins indicate the core business is not profitable and fundamental unit economics are broken. Over the medium term this undermines reinvestment capacity, hampers competitiveness, and forces reliance on external financing to sustain operations.

Negative operating and free cash flow

Sustained negative operating and free cash flow signals liquidity strain and weak cash generation. This structural cash shortfall limits ability to fund growth, repay debt, or sustain buybacks without raising capital, increasing financing risk and operational vulnerability over the coming months.

Weak balance-sheet returns and low equity ratio

A negative ROE and low equity ratio indicate shareholders' capital is not generating returns and the balance sheet provides a thin solvency cushion. Structurally, this raises the risk of dilution or distress financing if operating losses persist, impairing long-term strategic options.

Empery Digital Business Overview & Revenue Model

Company Description

Empery Digital Inc., previously known as Volcon, Inc., is based in Round Rock, Texas, and originally specialized in electric off-road vehicles such as e-bikes, utility vehicles, and golf carts. In July 2025, the company rebranded as Empery Digital to focus on bitcoin treasury strategy while maintaining its power sports business under the Empery Mobility brand.

How the Company Makes Money

Empery Digital generates revenue through multiple streams. Key sources of income include digital marketing services, where the company charges clients for advertising solutions and analytics; software licensing, offering proprietary tools for businesses to manage their digital marketing efforts; and consulting services in blockchain technology, helping clients integrate and utilize blockchain solutions effectively. Additionally, Empery Digital has established partnerships with various tech firms and advertising networks, which facilitate collaborative projects and expand their market reach, further contributing to their revenue.

Empery Digital Financial Statement Overview

Summary

Income statement and cash flow are materially weak: deeply negative margins, ongoing losses, declining revenue growth, and negative operating/free cash flow indicating liquidity strain. Balance sheet shows relatively low debt-to-equity, but negative ROE and low equity ratio point to weak overall stability.

Income Statement

Empery Digital's income statement reveals significant challenges, with negative margins across the board. The gross profit margin is deeply negative, indicating costs far exceed revenues. Net profit margin and EBIT margin are also negative, reflecting ongoing losses. Revenue growth is declining, suggesting difficulty in expanding sales. These factors highlight substantial profitability issues.

Balance Sheet

The balance sheet shows a relatively low debt-to-equity ratio, which is a positive sign of leverage management. However, the return on equity is negative, indicating the company is not generating returns on shareholders' investments. The equity ratio is low, suggesting limited financial stability. Overall, the balance sheet reflects a weak financial position with some leverage control.

Cash Flow

Cash flow analysis indicates severe issues, with negative operating and free cash flows. The free cash flow growth rate is misleadingly high due to prior negative values. The operating cash flow to net income ratio is negative, showing cash outflows exceed net losses. These metrics highlight liquidity problems and cash management challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.62M	4.04M	3.26M	4.55M	448.82K	0.00
Gross Profit	-2.44M	-14.13M	-8.13M	-8.87M	-10.06M	-2.52K
EBITDA	-44.79M	-44.11M	-39.48M	-30.78M	-39.45M	-1.36M
Net Income	-46.13M	-45.51M	-45.07M	-34.24M	-40.13M	-1.37M
Balance Sheet
Total Assets	492.26M	6.23M	22.13M	22.73M	14.62M	1.85M
Cash, Cash Equivalents and Short-Term Investments	20.85M	2.19M	7.98M	10.99M	5.57M	536.08K
Total Debt	50.89M	810.89K	31.41M	18.96M	2.31M	824.56K
Total Liabilities	54.62M	6.19M	41.76M	22.09M	8.32M	3.00M
Stockholders Equity	437.64M	40.76K	-19.63M	635.01K	6.30M	-1.14M
Cash Flow
Free Cash Flow	-470.50M	-16.35M	-30.52M	-34.45M	-25.00M	-1.40M
Operating Cash Flow	-18.62M	-16.04M	-29.57M	-33.65M	-24.16M	-1.16M
Investing Cash Flow	-453.86M	-230.31K	-860.72K	-799.41K	-838.03K	-249.04K
Financing Cash Flow	485.49M	10.37M	27.08M	40.41M	30.03M	1.94M

Empery Digital Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EMPD, the sentiment is Negative. The current price of 4.65 is below the 20-day moving average (MA) of 4.72, below the 50-day MA of 4.69, and below the 200-day MA of 6.70, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 44.31 is Neutral, neither overbought nor oversold. The STOCH value of 40.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EMPD.

Empery Digital Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ONEW	47 Neutral	$233.25M	-2.09	-35.49%	―	5.62%	-1706.59%
VEEE	47 Neutral	$3.53M	-0.24	-59.55%	―	-34.70%	36.13%
EMPD	46 Neutral	$163.91M	-0.05	-20.84%	―	-36.52%	99.81%
VMAR	42 Neutral	$3.27M	―	―	―	-66.16%	78.81%
EZGO	41 Neutral	$1.42M	>-0.01	-7.28%	―	-1.08%	97.76%
REE	39 Underperform	$18.14M	-0.08	―	―	―	―

Empery Digital Corporate Events

Empery Digital Adopts Rights Plan, Expands Buyback Program

On February 3, 2026, Empery Digital’s board adopted a limited-duration shareholder rights plan, effective immediately through February 2, 2027, issuing one preferred share purchase right for each common share outstanding as of February 13, 2026 and setting a 12.5% ownership trigger (20% for certain passive investors) at which acquirers would face significant dilution or an exchange of rights into common stock. The move was explicitly prompted by ATG Capital Opportunities Fund’s rapid accumulation of more than 10% of Empery Digital’s stock in late January 2026 and is intended to prevent any party from gaining effective control without paying an appropriate premium or allowing sufficient time for board deliberation, while preserving the possibility of board-supported “qualifying offers.” In parallel, on February 2, 2026 the board increased the company’s share repurchase authorization by $50 million to a total of $200 million, leaving approximately $102 million available for future buybacks, underscoring management’s focus on capital returns and its view that the shares trade below net asset value, which could enhance earnings per share and support the stock price.

The most recent analyst rating on (EMPD) stock is a Sell with a $4.50 price target. To see the full list of analyst forecasts on Empery Digital stock, see the EMPD Stock Forecast page.

Empery Digital Announces Major Share Repurchase Program

On December 3, 2025, Karin-Joyce Tjon resigned from Empery Digital‘s Board of Directors, citing no disagreements with the company’s operations. Empery Digital announced on December 8, 2025, that it has repurchased over 13.7 million shares under its $150 million share repurchase program, funded by borrowings. The company aims to increase bitcoin per share and may use proceeds from bitcoin sales or derivative trading to finance further repurchases or repay debt, enhancing shareholder value.

The most recent analyst rating on (EMPD) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Empery Digital stock, see the EMPD Stock Forecast page.