Mullen Automotive Inc (NASDAQ: MULN) is -99.81% lower on its value in year-to-date trading and has touched a low of $1.60 and a high of $2121.00 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 $2.68 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $2.69, the stock is 8.08% and -4.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.62 million and changing 0.37% at the moment leaves the stock -98.91% off its SMA200. MULN registered -99.83% loss for a year compared to 6-month loss of -99.41%. The firm has a 50-day simple moving average (SMA 50) of $2.811 and a 200-day simple moving average (SMA200) of $245.7386.
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The stock witnessed a 15.45% gain in the last 1 month and extending the period to 3 months gives it a -87.49%, and is -15.94% 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 12.48% over the week and 20.43% over the month.
Mullen Automotive Inc (MULN) has around 326 employees, a market worth around $23.83M and $0.16M in sales. Profit margin for the company is -295134.94%. Distance from 52-week low is 68.13% and -99.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-977.47%).
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Mullen Automotive Inc (MULN) Top Institutional Holders
41.0 institutions hold shares in Mullen Automotive Inc (MULN), with institutional investors hold 3.51% of the company’s shares. The shares outstanding are 8.83M, and float is at 8.67M with Short Float at 16.39%. Institutions hold 3.43% 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.
