Mullen Automotive Inc (NASDAQ: MULN) is -99.67% lower on its value in year-to-date trading and has touched a low of $4.90 and a high of $5700.00 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 $5.07 in the last trading session, with the day’s loss setting it -0.42%.
Currently trading at $4.65, the stock is -70.97% and -92.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing -8.28% at the moment leaves the stock -99.04% off its SMA200. MULN registered -99.92% loss for a year compared to 6-month loss of -98.92%. The firm has a 50-day simple moving average (SMA 50) of $54.6086 and a 200-day simple moving average (SMA200) of $478.11716.
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The stock witnessed a -87.18% gain in the last 1 month and extending the period to 3 months gives it a -98.12%, and is -42.09% down 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 20.72% over the week and 24.62% over the month.
Mullen Automotive Inc (MULN) has around 326 employees, a market worth around $8.32M and $0.16M in sales. Profit margin for the company is -295134.94%. Distance from 52-week low is -5.10% and -99.92% from its 52-week high. The company has generated returns on investments over the last 12 months (-977.47%).
24.0 institutions hold shares in Mullen Automotive Inc (MULN), with institutional investors hold 3.40% of the company’s shares. The shares float is at 1.53M with Short Float at 10.22%. Institutions hold 3.22% of the Float.
Mullen Automotive Inc (MULN) Insider Activity
The most recent transaction is an insider sale by POPA CALIN, the company’s President – Mullen Automotive. SEC filings show that POPA CALIN sold 23,223 shares of the company’s common stock on Jun 06 ’24 at a price of $3.10 per share for a total of $71991.0. Following the sale, the insider now owns 0.29 million shares.
Mullen Automotive Inc disclosed in a document filed with the SEC on Jun 07 ’24 that POPA CALIN (President – Mullen Automotive) sold a total of 1,722 shares of the company’s common stock. The trade occurred on Jun 07 ’24 and was made at $3.09 per share for $5321.0. Following the transaction, the insider now directly holds 0.28 million shares of the MULN stock.
