Mullen Automotive Inc (NASDAQ: MULN) is -78.17% lower on its value in year-to-date trading and has touched a low of $0.25 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 $0.29 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $0.26, the stock is -45.71% and -80.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.08 million and changing -8.33% at the moment leaves the stock -99.79% off its SMA200. MULN registered -99.96% loss for a year compared to 6-month loss of -99.74%. The firm has a 50-day simple moving average (SMA 50) of $1.3748 and a 200-day simple moving average (SMA200) of $128.78195.
The stock witnessed a -78.17% gain in the last 1 month and extending the period to 3 months gives it a -88.76%, and is -19.38% 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 25.84% over the week and 25.16% over the month.
Mullen Automotive Inc (MULN) has around 388 employees, a market worth around $16.19M and $1.09M in sales. Profit margin for the company is -43036.85%. Distance from 52-week low is 5.31% 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 61.78M, and float is at 47.38M with Short Float at 7.13%. 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).
