Mullen Automotive Inc. (NASDAQ:MULN) went up by 5.60% from its latest closing price compared to the recent 1-year high of $15.90. The company’s stock price has collected 15.79% of gains in the last five trading sessions.
Is It Worth Investing in Mullen Automotive Inc. (NASDAQ :MULN) Right Now?
Plus, the 36-month beta value for MULN is at 2.62. Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for Mullen Automotive Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $23.00, which is $21.68 above the current price. Today, the average trading volume of MULN was 107.41M shares.
MULN’s Market Performance
MULN stocks went up by 15.79% for the week, with a monthly jump of 25.71% and a quarterly performance of -54.48%, while its annual performance rate touched -88.49%. The volatility ratio for the week stands at 11.19% while the volatility levels for the past 30 days are set at 11.50% for Mullen Automotive Inc. The simple moving average for the period of the last 20 days is 13.18% for MULN stocks with a simple moving average of -72.03% for the last 200 days.
MULN Trading at -5.11% from the 50-Day Moving Average
After a stumble in the market that brought MULN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.70% of loss for the given period.
Volatility was left at 11.50%, however, over the last 30 days, the volatility rate increased by 11.19%, as shares surge +29.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -50.19% lower at present.
During the last 5 trading sessions, MULN rose by +15.79%, which changed the moving average for the period of 200-days by -86.67% in comparison to the 20-day moving average, which settled at $1.1813. In addition, Mullen Automotive Inc. saw -74.76% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at MULN starting from Michery David, who sale 150,000 shares at the price of $1.10 back on Jun 15. After this action, Michery David now owns 7,761,066 shares of Mullen Automotive Inc., valued at $165,255 using the latest closing price.
Michery David, the CEO, President of Mullen Automotive Inc., sale 750,000 shares at $1.01 during a trade that took place back on May 23, which means that Michery David is holding 7,911,066 shares at $760,875 based on the most recent closing price.
Stock Fundamentals for MULN
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.09.