Mullen Automotive Inc (MULN) plunge -27.44% in a week: will this be a lucky break through?

Witnessing the stock’s movement on the chart, on Thursday, Mullen Automotive Inc (NASDAQ: MULN) set off with pace as it heaved 5.83% to $0.48, before settling in for the price of $0.46 at the close. Taking a more long-term approach, MULN posted a 52-week range of $0.36-$1204.99.

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Meanwhile, its Annual Earning per share during the time was 44.05%. This publicly-traded company’s shares outstanding now amounts to $44.53 million, simultaneously with a float of $32.79 million. The organization now has a market capitalization sitting at $21.48 million. At the time of writing, stock’s 50-day Moving Average stood at $1.7577, while the 200-day Moving Average is $148.8888.

Mullen Automotive Inc (MULN) Ownership Facts and Figures

Nothing is more important than checking the behaviour of major investors towards the stock of the Auto Manufacturers industry. Mullen Automotive Inc’s current insider ownership accounts for 26.37%, in contrast to 9.94% institutional ownership. According to the most recent insider trade that took place on Jan 25 ’24, this organization’s Director sold 133 shares at the rate of 678.00, making the entire transaction reach 90,174 in total value, affecting insider ownership by 1. Preceding that transaction, on Jan 24 ’24, Company’s Director sold 134 for 666.61, making the whole transaction’s value amount to 89,326. This particular insider is now the holder of 1 in total.

Mullen Automotive Inc (MULN) Earnings and Revenue Records

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

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 0.22. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 134.28.

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)

Going through the that latest performance of [Mullen Automotive Inc, MULN]. Its last 5-days volume of 14.61 million indicated improvement to the volume of 12.69 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 12.36% While, its Average True Range was 0.1719.

Raw Stochastic average of Mullen Automotive Inc (MULN) in the period of the previous 100 days is set at 0.21%, which indicates a major fall in contrast to 11.10% 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 221.83% that was higher than 189.63% volatility it exhibited in the past 100-days period.