Empery Digital (EMPD) AI Stock Analysis

Empery Digital

(NASDAQ:EMPD)

Select Model

Rating:39Underperform

Price Target:$2.50▼(-7.06% Downside)

Action:reiterated

Date:10/26/26

Empery Digital's exceptionally low score is driven by severe financial distress, highlighted by rapidly evaporating revenues, unsustainable cash burn, and deeply negative earnings. The technical setup is firmly bearish, reflecting market pessimism. While the resumption of share buybacks and new AI investments offer a slight positive, they are overshadowed by an ongoing activist governance dispute and critical solvency risks.

Positive Factors

Positive Equity and Moderate LeveragePositive equity and moderate current leverage provide some financial foundation for the company’s strategic commitments. Although the balance sheet remains volatile, this latest capital structure is less strained than prior periods with very high leverage or negative equity, preserving some flexibility.

Negative Factors

Revenue Collapse and Persistent LossesThe sharp revenue contraction and exceptionally large recurring losses indicate that EMPD has not demonstrated a stable operating model or a credible path to profitability. Losses of this scale relative to revenue can erode equity, restrict strategic flexibility, and increase reliance on external funding.

Empery Digital (EMPD) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $75.75M
Dividend Yield: ―
Average Volume (3M): 273.63K
Price to Earnings (P/E): -0.2
Beta (1Y): 1.84
Revenue Growth: ―
EPS Growth: ―
Country: US
Employees: 15
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Auto - Manufacturers

Empery Digital Business Overview & Revenue Model

Company Description

Empery Digital Inc., headquartered in Round Rock, Texas, originally operated under the name Volcon, Inc. The company's initial focus was on the electric off-road vehicle sector, manufacturing products such as e-bikes, utility vehicles, and golf carts...

Empery Digital Financial Statement Overview

Summary

Assigned the lowest possible score due to catastrophic financial distress. The company exhibits evaporating revenue (turning negative in the TTM), exponentially widening net losses, and massive cash burn rates, posing severe and imminent solvency risks.

Income Statement

5Very Negative

Balance Sheet

30Negative

Cash Flow

5Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	-158.29K	974.98K	4.04M	3.26M	4.55M	448.82K
Gross Profit	-223.71K	-412.48K	-14.13M	-8.13M	-8.87M	-10.06M
EBITDA	-149.36M	-150.98M	-44.11M	-39.48M	-30.78M	-39.45M
Net Income	-272.13M	-150.05M	-45.51M	-45.07M	-34.24M	-40.13M
Balance Sheet
Total Assets	179.53M	372.75M	6.23M	22.13M	22.73M	14.62M
Cash, Cash Equivalents and Short-Term Investments	3.59M	11.12M	2.19M	7.98M	10.99M	5.57M
Total Debt	55.56M	100.66M	810.89K	31.41M	18.96M	2.31M
Total Liabilities	66.14M	103.54M	6.19M	41.76M	22.09M	8.32M
Stockholders Equity	113.39M	269.21M	40.76K	-19.63M	635.01K	6.30M
Cash Flow
Free Cash Flow	-472.67M	-18.05M	-16.35M	-30.52M	-34.45M	-25.00M
Operating Cash Flow	-21.01M	-17.85M	-16.04M	-29.57M	-33.65M	-24.16M
Investing Cash Flow	-372.31M	-453.75M	-230.31K	-860.72K	-799.41K	-838.03K
Financing Cash Flow	385.12M	478.37M	10.37M	27.08M	40.41M	30.03M

Empery Digital Technical Analysis

Technical Analysis SentimentNegative

Last Price2.69

Price Trends

50DMA3.03Negative

100DMA3.19Negative

200DMA3.83Negative

Market Momentum

MACD-0.07Positive

RSI41.70Neutral

STOCH39.31Neutral

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 2.69 is below the 20-day moving average (MA) of 2.97, below the 50-day MA of 3.03, and below the 200-day MA of 3.83, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 41.70 is Neutral, neither overbought nor oversold. The STOCH value of 39.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EMPD.

Empery Digital Risk Analysis

Empery Digital disclosed 67 risk factors in its most recent earnings report. Empery Digital reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

3 New Risks

1.We hold minority, non-controlling interests in EMHU and CDP and have limited ability to influence their operations, governance, or strategic direction.Q2, 2026

2.Anti-takeover provisions in our governing documents may discourage, delay or prevent a change of control of our company.Q2, 2026

3.We have a limited history of financing inventory purchases and parties to inventory financing agreements have defaulted and may in the future default on amounts owed to us which could materially adversely affect our business, results of operations or financial condition.Q2, 2026

Empery Digital Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

EMPD against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ONEW	50Neutral	$160.66M	-1.29	-43.62%	―	1.32%	-823.52%
VEEE	42Neutral	$5.41M	-0.09	-67.71%	―	2.97%	64.51%
VMAR	42Neutral	$4.09M	-0.00	-343.09%	―	―	―
EMPD	39Underperform	$79.88M	-0.24	-110.36%	―	―	―
EZGO	37Underperform	$1.75M	0.00	-20.77%	―	6.06%	-619.20%

* Consumer Cyclical Sector Average

Performance Comparison

EMPD and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
EMPD	Empery Digital Inc.	2.69	-4.17	-60.79%
ONEW	Onewater Marine Inc	9.64	-5.96	-38.21%
VMAR	Vision Marine Technologies, Inc.	6.26	-5673.74	-99.89%
EZGO	Ezgo Technologies Ltd.	0.76	-656.24	-99.88%
VEEE	Twin Vee Powercats Co.	9.27	-79.16	-89.52%

Empery Digital Corporate Events

Business Operations and StrategyStock BuybackShareholder Meetings

Empery Digital Resumes Share Buybacks, Affirms AI Strategy

Positive

Oct 26, 2026

On October 26, 2026, Empery Digital announced it had resumed share repurchases under its $200 million program following its Annual Meeting, citing a belief that its stock is significantly undervalued relative to its balance sheet. During the week end...

Executive/Board ChangesLegal ProceedingsShareholder Meetings

Empery Digital Faces Escalating Activist Governance Dispute

Negative

Oct 19, 2026

On October 14, 2026, Empery Digital Inc. held its annual meeting of stockholders, where nine directors, including Rohan Chauhan, Jonathan Foster and Ian Read, were elected to one‑year terms ending at the 2027 annual meeting, while alternative n...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 26, 2026

Empery Digital AI Stock Analysis