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.
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.