and a 36-month beta value of 2.25. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The average price predicted for Mullen Automotive Inc. (MULN) by analysts is $5175.00, The public float for MULN is 168.72M, and at present, short sellers hold a 16.09% of that float. On September 19, 2023, the average trading volume of MULN was 63.21M shares.
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MULN) stock’s latest price update
Mullen Automotive Inc. (NASDAQ: MULN)’s stock price has plunge by -11.16relation to previous closing price of 0.68. Nevertheless, the company has seen a 36.21% surge in its stock price over the last five trading sessions. InvestorPlace reported 2023-09-18 that Among the more beaten-down electric vehicle (EV) stocks in the market, Mullen Automotive (NASDAQ: MULN ) has seen its valuation continue to decline in a rather consistent fashion over the past two years. In many cases, the declines investors have seen in MULN stock have come amid what most would consider to be good news.
MULN’s Market Performance
Mullen Automotive Inc. (MULN) has seen a 36.21% rise in stock performance for the week, with a -23.53% decline in the past month and a -70.69% plunge in the past quarter. The volatility ratio for the week is 19.99%, and the volatility levels for the past 30 days are at 26.50% for MULN. The simple moving average for the past 20 days is 8.48% for MULN’s stock, with a -97.86% simple moving average for the past 200 days.
MULN Trading at -36.45% 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 -99.56% of loss for the given period.
Volatility was left at 26.50%, however, over the last 30 days, the volatility rate increased by 19.99%, as shares sank -6.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -65.02% lower at present.
During the last 5 trading sessions, MULN rose by +36.21%, which changed the moving average for the period of 200-days by -98.67% in comparison to the 20-day moving average, which settled at $0.5549. In addition, Mullen Automotive Inc. saw -99.06% 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 177.50, 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 sum up, Mullen Automotive Inc. (MULN) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
