Additionally, the 36-month beta value for MULN is 1.91. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for MULN is 6.44M and currently, short sellers hold a 20.95% ratio of that float. The average trading volume of MULN on May 06, 2024 was 3.02M shares.
MULN) stock’s latest price update
The stock of Mullen Automotive Inc (NASDAQ: MULN) has decreased by -10.04 when compared to last closing price of 4.63.Despite this, the company has seen a gain of 31.80% in its stock price over the last five trading days. Market Watch reported 2024-04-30 that The Treasury on Wednesday is due to make its quarterly refunding announcement, its sometimes market-moving plan on how to finance its needs for what will be $243 billion this quarter.
MULN’s Market Performance
MULN’s stock has risen by 31.80% in the past week, with a monthly rise of 2.08% and a quarterly drop of -41.01%. The volatility ratio for the week is 33.18% while the volatility levels for the last 30 days are 17.33% for Mullen Automotive Inc The simple moving average for the past 20 days is 10.16% for MULN’s stock, with a -86.45% simple moving average for the past 200 days.
MULN Trading at -16.67% 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 -99.79% of loss for the given period.
Volatility was left at 17.33%, however, over the last 30 days, the volatility rate increased by 33.18%, as shares surge +4.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.72% lower at present.
During the last 5 trading sessions, MULN rose by +31.80%, which changed the moving average for the period of 200-days by -96.86% in comparison to the 20-day moving average, which settled at $3.79. In addition, Mullen Automotive Inc saw -70.85% 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 -1796.1. 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 -116.55. 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 seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
