Mullen Automotive Inc (NASDAQ: MULN) is -72.92% lower on its value in year-to-date trading and has touched a low of $0.36 and a high of $987.00 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 $0.44 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $0.32, the stock is -52.17% and -79.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 33.44 million and changing -26.25% at the moment leaves the stock -99.76% off its SMA200. MULN registered -99.95% loss for a year compared to 6-month loss of -99.73%. The firm has a 50-day simple moving average (SMA 50) of $1.6246 and a 200-day simple moving average (SMA200) of $138.24965.
The stock witnessed a -69.63% gain in the last 1 month and extending the period to 3 months gives it a -86.63%, and is -32.15% 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 23.09% over the week and 23.95% over the month.
Mullen Automotive Inc (MULN) has around 388 employees, a market worth around $14.47M and $1.09M in sales. Profit margin for the company is -43036.85%. Distance from 52-week low is -9.85% and -99.97% from its 52-week high.
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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 NOVOA IGNACIO, the company’s Director. SEC filings show that NOVOA IGNACIO sold 1 shares of the company’s common stock on Mar 21 ’24 at a price of $469.00 per share for a total of $469.0. Following the sale, the insider now owns 0.0 shares.
Mullen Automotive Inc disclosed in a document filed with the SEC on May 20 ’24 that BRAGADO CHESTER A. (Chief Accounting Officer) sold a total of 2,738 shares of the company’s common stock. The trade occurred on May 20 ’24 and was made at $461.07 per share for $1.26 million. Following the transaction, the insider now directly holds 0.0 shares of the MULN stock.
Still, SEC filings show that on Jun 06 ’24, POPA CALIN (President – Mullen Automotive) disposed off 23,223 shares at an average price of $3.10 for $71991.0. The insider now directly holds 286,506 shares of Mullen Automotive Inc (MULN).
