Moreover, the 36-month beta value for MULN is 1.75. 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.”
The public float for MULN is 5.25M and currently, short sellers hold a 20.40% of that float. On November 06, 2024, MULN’s average trading volume was 1.52M shares.
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MULN) stock’s latest price update
The stock price of Mullen Automotive Inc (NASDAQ: MULN) has jumped by 2.19 compared to previous close of 1.83. Despite this, the company has seen a fall of -19.05% in its stock price over the last five trading days. prnewswire.com reported 2024-10-31 that BREA, Calif., Oct. 31, 2024 /PRNewswire/ — Mullen Automotive Inc. (NASDAQ: MULN) today provided notice of proposed settlement of derivative actions and settlement hearing.
MULN’s Market Performance
Mullen Automotive Inc (MULN) has seen a -19.05% fall in stock performance for the week, with a -28.35% decline in the past month and a -97.41% plunge in the past quarter. The volatility ratio for the week is 12.04%, and the volatility levels for the past 30 days are at 14.34% for MULN. The simple moving average for the last 20 days is -20.85% for MULN’s stock, with a simple moving average of -99.39% for the last 200 days.
MULN Trading at -76.58% 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 -99.94% of loss for the given period.
Volatility was left at 14.34%, however, over the last 30 days, the volatility rate increased by 12.04%, as shares sank -19.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -94.84% lower at present.
During the last 5 trading sessions, MULN fell by -19.05%, which changed the moving average for the period of 200-days by -99.75% in comparison to the 20-day moving average, which settled at $2.3625. In addition, Mullen Automotive Inc saw -99.87% 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 134.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.53.
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.
