It’s Not A Fantasy To Think That Mullen Automotive Inc (MULN) Has Big Future Potential

Mullen Automotive Inc (NASDAQ:MULN) currently has a daily average trading volume of 2.83M but it saw 5817039 shares traded in last market. With a market cap of 32.16M USD, the company’s current market price of $4.91 came falling about -21.94 while comparing to the previous closing price of $6.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $2250.00 and as low as $2.36.

Taking a look at 20-day trading activity of Mullen Automotive Inc (MULN) gives us an average price of $3.75, while its current price level is -99.78% below from 52-week high level whereas it is 108.36% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.07 while that of 200 days or SMA-200 reads an average of $31.42. A closer look into the stock’s movement over the week reveals that its volatility is standing at 31.34% during that period while stretching the period over a month that decreases to 16.24%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 54.53 which implies that the stock is in neutral territory.

Over the week, MULN’s stock price is moving 30.24% up while it is 5.36% when we observe its performance for the past one month. Year-to-date it is -65.64% down and over the past year, the stock is showing a downside performance of -99.71%.

Currently, Mullen Automotive Inc’s total number of outstanding shares is 6.55M. Company’s return on investment (ROI) stands at -295.46% and return on equity (ROE) at -972.22%. Stock’s beta reads 1.95. Stock has a price to book (P/B) ratio of 0.14 while price to sale or P/S ratio amounts to 86.92. Its return on asset (ROA) is -159.92% on average.