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Mullen Automotive Inc (MULN) Analysis & Opinions from Experts

Mullen Automotive Inc (NASDAQ: MULN) is -57.38% lower on its value in year-to-date trading and has touched a low of $2.36 and a high of $1341.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MULN stock was last observed hovering at around $6.40 in the last trading session, with the day’s loss setting it -0.31%.

Currently trading at $6.09, the stock is 43.77% and 25.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.73 million and changing -4.84% at the moment leaves the stock -78.03% off its SMA200. MULN registered -99.51% loss for a year compared to 6-month loss of -75.04%.

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The stock witnessed a 54.57% gain in the last 1 month and extending the period to 3 months gives it a -12.63%, and is 46.22% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 31.65% over the week and 23.37% over the month.

Mullen Automotive Inc (MULN) has around 326 employees, a market worth around $39.89M and $0.37M in sales. Profit margin for the company is -177430.58%. Distance from 52-week low is 158.43% and -99.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-295.46%).

with sales reaching $37.3M over the same period., but quarterly earnings will post 100.00% year-over-year. Quarterly sales are estimated to grow 152.00% in year-over-year returns.

Mullen Automotive Inc (MULN) Top Institutional Holders

The shares outstanding are 6.55M, and float is at 6.44M with Short Float at 23.92%.

Mullen Automotive Inc (MULN) Insider Activity

The most recent transaction is an insider purchase by Michery David,the company’sCEO, President. SEC filings show that Michery David bought 102,040 shares of the company’s common stock on Aug 16 ’23 at a price of $0.98 per share for a total of $0.1 million. Following the purchase, the insider now owns 1.32 million shares.

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