Mullen Automotive Inc (NASDAQ: MULN) is -64.45% lower on its value in year-to-date trading and has touched a low of $0.36 and a high of $1067.99 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 $0.48 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $0.43, the stock is -48.36% and -74.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.59 million and changing -10.94% at the moment leaves the stock -99.70% off its SMA200. MULN registered -99.95% loss for a year compared to 6-month loss of -99.71%. The firm has a 50-day simple moving average (SMA 50) of $1.7308 and a 200-day simple moving average (SMA200) of $146.5762.
The stock witnessed a -65.32% gain in the last 1 month and extending the period to 3 months gives it a -81.92%, and is -15.57% 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 15.51% over the week and 22.17% over the month.
Profit margin for the company is -295134.94%. Distance from 52-week low is 18.34% and -99.96% 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
39.0 institutions hold shares in Mullen Automotive Inc (MULN), with institutional investors hold 13.23% of the company’s shares. The shares outstanding are 44.53M, and float is at 34.15M with Short Float at 8.80%. Institutions hold 3.31% of the Float.
Mullen Automotive Inc (MULN) Insider Activity
The most recent transaction is an insider sale by WINTER MARY, the company’s Director. SEC filings show that WINTER MARY sold 133 shares of the company’s common stock on Jan 25 ’24 at a price of $678.00 per share for a total of $90174.0. Following the sale, the insider now owns 1.0 shares.
Mullen Automotive Inc disclosed in a document filed with the SEC on Jan 24 ’24 that NOVOA IGNACIO (Director) sold a total of 134 shares of the company’s common stock. The trade occurred on Jan 24 ’24 and was made at $666.61 per share for $89326.0. Following the transaction, the insider now directly holds 1.0 shares of the MULN stock.
Still, SEC filings show that on Mar 21 ’24, NOVOA IGNACIO (Director) disposed off 1 shares at an average price of $469.00 for $469.0. The insider now directly holds 0 shares of Mullen Automotive Inc (MULN).
