Mullen Automotive Inc (MULN) poses a Brand-New Opportunity for Investors with beta value of 1.92

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As on Tuesday, Mullen Automotive Inc (NASDAQ: MULN) remained unchanged to $1.07, before settling in for the price of $1.07 at the close. Taking a more long-term approach, MULN posted a 52-week range of $1.03-$1799.00.

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The Consumer Cyclical sector firm’s twelve-monthly sales growth has been -20.02% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was 44.05%. This publicly-traded company’s shares outstanding now amounts to $8.83 million, simultaneously with a float of $8.73 million. The organization now has a market capitalization sitting at $9.44 million. At the time of writing, stock’s 50-day Moving Average stood at $2.2238, while the 200-day Moving Average is $184.2108.

Mullen Automotive Inc (MULN) Ownership Facts and Figures

Another important factor to analyze is how key investors are playing towards the stock of the Auto Manufacturers industry. Mullen Automotive Inc’s current insider ownership accounts for 1.12%, in contrast to 1.41% institutional ownership. According to the most recent insider trade that took place on May 20 ’24, this organization’s Chief Accounting Officer sold 2,738 shares at the rate of 461.07, making the entire transaction reach 1,262,399 in total value, affecting insider ownership by 0. Preceding that transaction, on Jun 06 ’24, Company’s President – Mullen Automotive sold 23,223 for 3.10, making the whole transaction’s value amount to 71,991. This particular insider is now the holder of 286,506 in total.

Mullen Automotive Inc (NASDAQ: MULN) Trading Performance Indicators

Let’s observe the current performance indicators for Mullen Automotive Inc (MULN). It’s Quick Ratio in the last reported quarter now stands at 0.23. The Stock has managed to achieve an average true range (ATR) of 0.32. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 59.00.

In the same vein, MULN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -10260.49.

Technical Analysis of Mullen Automotive Inc (MULN)

Through scrutinizing the latest numbers posted by the [Mullen Automotive Inc, MULN], it can be observed that its last 5-days Average volume of 3.39 million was better the volume of 1.04 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 5.64% While, its Average True Range was 0.2303.

Raw Stochastic average of Mullen Automotive Inc (MULN) in the period of the previous 100 days is set at 0.06%, which indicates a major fall in contrast to 4.39% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 94.88% that was lower than 189.71% volatility it exhibited in the past 100-days period.