Mullen Automotive Inc (MULN) is ready for next Episode as it posted an annual sales of 0 K

A new trading day began on November 20, 2023, with Mullen Automotive Inc (NASDAQ: MULN) stock priced at $0.1865, down -2.03% from the previous day of trading. During the day, the shares moved up to $0.192 and dropped to $0.1764 before settling in for the closing price of $0.19. MULN’s price has ranged from $0.17 to $107.44 over the past 52 weeks.

Elon Musk just Triggered a BOOM in These Stocks

Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"

Click Here to Download the FREE Report.


Annual sales at Consumer Cyclical sector company slipped by -18.12% over the past five years. With a float of $338.82 million, this company’s outstanding shares have now reached $413.10 million.

Let’s look at the performance matrix of the company that is accounted for 118 employees.

Mullen Automotive Inc (MULN) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Manufacturers Industry. The insider ownership of Mullen Automotive Inc is 17.98%, while institutional ownership is 16.70%. The most recent insider transaction that took place on Aug 16, was worth 100,428. In this transaction CEO, President of this company bought 102,040 shares at a rate of $0.98, taking the stock ownership to the 1,322,083 shares. Before that another transaction happened on Mar 06, when Company’s CFO sold 159,066 for $0.23, making the entire transaction worth $36,506. This insider now owns 8,611 shares in total.

Mullen Automotive Inc (MULN) Performance Highlights and Predictions

In its latest quarterly report, released on 6/29/2021, the company reported earnings of $11.25 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

Mullen Automotive Inc (NASDAQ: MULN) Trading Performance Indicators

Here are Mullen Automotive Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.28. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 250.53.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -261.03

Technical Analysis of Mullen Automotive Inc (MULN)

Mullen Automotive Inc (NASDAQ: MULN) saw its 5-day average volume 52.15 million, a positive change from its year-to-date volume of 28.21 million. As of the previous 9 days, the stock’s Stochastic %D was 11.68%. Additionally, its Average True Range was 0.04.

During the past 100 days, Mullen Automotive Inc’s (MULN) raw stochastic average was set at 0.66%, which indicates a significant decrease from 11.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 108.19% in the past 14 days, which was lower than the 190.67% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.3741, while its 200-day Moving Average is $13.6019. Nevertheless, the first resistance level for the watch stands at $0.1945 in the near term. At $0.2011, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.2101. If the price goes on to break the first support level at $0.1789, it is likely to go to the next support level at $0.1699. Assuming the price breaks the second support level, the third support level stands at $0.1633.

Mullen Automotive Inc (NASDAQ: MULN) Key Stats

With a market capitalization of 77.66 million, the company has a total of 311,038K Shares Outstanding. Currently, annual sales are 0 K while annual income is -739,530 K. The company’s previous quarter sales were 310 K while its latest quarter income was -308,860 K.


On What Basis Did Swvl Holdings Corp (SWVL) Stock Rise 47% Pre-Hours?

When last checked, Swvl Holdings Corp. (Nasdaq: SWVL), a...

What Drove Organovo (ONVO) Stock Up 15% In After-Hour Session On Tuesday?

Shares of Organovo Holdings Inc. (Nasdaq: ONVO) were up...

Is There Any Reason As To Why The Zai Lab (ZLAB) Stock Expanded By 13%?

The biopharmaceutical business Zai Lab Limited (NASDAQ: ZLAB), which...



Don't miss

Wearable Devices (WLDS) Stock Rose 12% On Tuesday, But On What Basis?

Wearable Devices Ltd (NASD: WLDS) is experiencing significant growth...

Did Anything Boost ObsEva (OBSV) Stock In Pre-Hours Trading?

Following an update, shares of ObsEva SA (NASD: OBSV)...

How Did The Kalera (KAL) Stock Rise 32% Pre-Hours?

At the time of the most recent check, shares...

Why Has Selina Hospitality (SLNA) Stock Increased In Extended Session On Friday?

The stock of Selina Hospitality PLC (NASD: SLNA), which...

Rocket Pharmaceuticals Inc (RCKT) surge 12.73% in a week: will this be a lucky break through?

Rocket Pharmaceuticals Inc (NASDAQ: RCKT) started the day on December 07, 2023, with a price increase of 1.82% at $26.30. During the day, the...

California Resources Corporation (CRC) Open at price of $49.34: A Brand-New Opportunity for Investors

California Resources Corporation (NYSE: CRC) open the trading on December 07, 2023, with a bit cautious approach as it glided -0.14% to $49.12. During...

Wayfair Inc (W) Open at price of $52.35: A Brand-New Opportunity for Investors

Witnessing the stock’s movement on the chart, on December 07, 2023, Wayfair Inc (NYSE: W) remained unchanged to $53.07. During the day, the stock...


Please enter your comment!
Please enter your name here