The 36-month beta value for MULN is at 2.10. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MULN is 6.44M, and currently, shorts hold a 21.67% of that float. The average trading volume for MULN on April 16, 2024 was 710.43K shares.
MULN) stock’s latest price update
Mullen Automotive Inc (NASDAQ: MULN) has experienced a decline in its stock price by -14.21 compared to its previous closing price of 3.77. However, the company has seen a fall of -21.41% in its stock price over the last five trading days. InvestorPlace reported 2024-04-08 that Mullen Automotive (NASDAQ: MULN ) stock is jumping on Monday after the electric vehicle (EV) company announced new cost-cutting plans. Mullen Automotive says that it intends to cut $170 million from its operating and investing cash flow expenses over the next year.
MULN’s Market Performance
Mullen Automotive Inc (MULN) has experienced a -21.41% fall in stock performance for the past week, with a -43.53% drop in the past month, and a -70.72% drop in the past quarter. The volatility ratio for the week is 6.96%, and the volatility levels for the past 30 days are at 9.76% for MULN. The simple moving average for the past 20 days is -27.52% for MULN’s stock, with a -91.97% simple moving average for the past 200 days.
MULN Trading at -46.44% 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 -99.88% of loss for the given period.
Volatility was left at 9.76%, however, over the last 30 days, the volatility rate increased by 6.96%, as shares sank -41.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -55.57% lower at present.
During the last 5 trading sessions, MULN fell by -21.41%, which changed the moving average for the period of 200-days by -96.74% in comparison to the 20-day moving average, which settled at $4.34. In addition, Mullen Automotive Inc saw -77.40% 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 ’23. After this action, Michery David now owns 1,322,083 shares of Mullen Automotive Inc, valued at $100,428 using the latest closing price.
Stock Fundamentals for MULN
Current profitability levels for the company are sitting at:
- -1047.46 for the present operating margin
- -22.04 for the gross margin
The net margin for Mullen Automotive Inc stands at -1991.73. The total capital return value is set at -1.35. Equity return is now at value -972.22, with -159.92 for asset returns.
Based on Mullen Automotive Inc (MULN), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at -10.16. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is -84.2.
Currently, EBITDA for the company is -238.02 million with net debt to EBITDA at 0.14. When we switch over and look at the enterprise to sales, we see a ratio of -133.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
In conclusion, Mullen Automotive Inc (MULN) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
