The stock price of Mullen Automotive Inc (NASDAQ: MULN) has plunged by -11.49 when compared to previous closing price of 2.61, but the company has seen a -28.26% decline in its stock price over the last five trading sessions. marketwatch.com reported 2024-10-07 that The maker of commercial electric vehicles announced cost cuts that include a 20% reduction in head count.
Is It Worth Investing in Mullen Automotive Inc (NASDAQ: MULN) Right Now?
The stock has a 36-month beta value of 1.73. Opinions on the stock are mixed, 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 1.53M, and at present, short sellers hold a 10.22% of that float. On October 09, 2024, the average trading volume of MULN was 927.54K shares.
MULN’s Market Performance
MULN’s stock has seen a -28.26% decrease for the week, with a -86.41% drop in the past month and a -98.94% fall in the past quarter. The volatility ratio for the week is 22.26%, and the volatility levels for the past 30 days are at 25.46% for Mullen Automotive Inc The simple moving average for the past 20 days is -65.67% for MULN’s stock, with a -99.45% simple moving average for the past 200 days.
MULN Trading at -92.45% 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 -99.95% of loss for the given period.
Volatility was left at 25.46%, however, over the last 30 days, the volatility rate increased by 22.26%, as shares sank -83.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -97.94% lower at present.
During the last 5 trading sessions, MULN fell by -28.26%, which changed the moving average for the period of 200-days by -99.71% in comparison to the 20-day moving average, which settled at $6.73. In addition, Mullen Automotive Inc saw -99.84% 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 POPA CALIN, who sale 23,223 shares at the price of $3.10 back on Jun 06 ’24. After this action, POPA CALIN now owns 286,506 shares of Mullen Automotive Inc, valued at $71,991 using the latest closing price.
POPA CALIN, the President – Mullen Automotive of Mullen Automotive Inc, sale 1,722 shares at $3.09 during a trade that took place back on Jun 07 ’24, which means that POPA CALIN is holding 284,784 shares at $5,321 based on the most recent closing price.
Stock Fundamentals for MULN
Current profitability levels for the company are sitting at:
- -2398.34 for the present operating margin
- -112.96 for the gross margin
The net margin for Mullen Automotive Inc stands at -2895.8. The total capital return value is set at -5.71. Equity return is now at value -307.11, with -120.53 for asset returns.
Based on Mullen Automotive Inc (MULN), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at -12.18. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is -44.84.
Currently, EBITDA for the company is -238.02 million with net debt to EBITDA at -0.05. When we switch over and look at the enterprise to sales, we see a ratio of 150.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.53.
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.
