In the past week, MULN stock has gone up by 65.35%, with a monthly decline of -29.26% and a quarterly plunge of -70.55%. The volatility ratio for the week is 15.50%, and the volatility levels for the last 30 days are 26.05% for Mullen Automotive Inc. The simple moving average for the last 20 days is 23.28% for MULN stock, with a simple moving average of -97.57% for the last 200 days.
Is It Worth Investing in Mullen Automotive Inc. (NASDAQ: MULN) Right Now?
Moreover, the 36-month beta value for MULN is 2.28. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MULN is 168.72M and currently, short sellers hold a 16.09% of that float. On September 15, 2023, MULN’s average trading volume was 61.18M shares.
MULN) stock’s latest price update
Mullen Automotive Inc. (NASDAQ: MULN) has seen a rise in its stock price by 21.63 in relation to its previous close of 0.57. However, the company has experienced a 65.35% gain in its stock price over the last five trading sessions. InvestorPlace reported 2023-09-14 that One of today’s most impressive market movers is Mullen Automotive (NASDAQ: MULN ). Shares of MULN stock have absolutely exploded higher today, up around 17% as of early afternoon trading.
MULN Trading at -29.02% 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 -99.49% of loss for the given period.
Volatility was left at 26.05%, however, over the last 30 days, the volatility rate increased by 15.50%, as shares sank -16.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -66.79% lower at present.
During the last 5 trading sessions, MULN rose by +57.17%, which changed the moving average for the period of 200-days by -98.48% in comparison to the 20-day moving average, which settled at $0.5559. In addition, Mullen Automotive Inc. saw -98.92% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MULN starting from Michery David, who purchase 102,040 shares at the price of $0.98 back on Aug 16. After this action, Michery David now owns 1,322,083 shares of Mullen Automotive Inc., valued at $100,428 using the latest closing price.
New Jonathan, the CFO of Mullen Automotive Inc., sale 159,066 shares at $0.23 during a trade that took place back on Mar 06, which means that New Jonathan is holding 8,611 shares at $36,506 based on the most recent closing price.
Stock Fundamentals for MULN
The total capital return value is set at -128.89, while invested capital returns managed to touch -19,423.93.
Based on Mullen Automotive Inc. (MULN), the company’s capital structure generated 23.53 points at debt to equity in total, while total debt to capital is 19.05. Total debt to assets is 4.56, with long-term debt to equity ratio resting at 14.52. Finally, the long-term debt to capital ratio is 11.76.
When we switch over and look at the enterprise to sales, we see a ratio of 111.72, with the company’s debt to enterprise value settled at 0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.71.
Conclusion
To wrap up, the performance of Mullen Automotive Inc. (MULN) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
