Investors Are Waking Up To Mullen Automotive Inc (NASDAQ: MULN) After Losing -99.13% Over The Past 12 Months

Mullen Automotive Inc (NASDAQ:MULN) currently has a daily average trading volume of 3.63M but it saw 4409623 shares traded in last market. With a market cap of 25.11M USD, the company’s current market price of $1.01 came falling about -12.93 while comparing to the previous closing price of $1.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $155.70 and as low as $1.09.

Taking a look at 20-day trading activity of Mullen Automotive Inc (MULN) gives us an average price of $1.6423, while its current price level is -99.35% below from 52-week high level whereas it is -7.34% 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 $2.5575 while that of 200 days or SMA-200 reads an average of $9.0928. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.06% during that period while stretching the period over a month that decreases to 9.97%. 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 22.62 which implies that the stock is in oversold territory.

Over the week, MULN’s stock price is moving -15.83% down while it is -56.84% when we observe its performance for the past one month. Year-to-date it is -92.93% down and over the past year, the stock is showing a downside performance of -99.13%.

Currently, Mullen Automotive Inc’s total number of outstanding shares is 24.86M. Company’s return on investment (ROI) stands at -626.57% and return on equity (ROE) at -510.98%. Stock’s beta reads 1.73. Stock has a price to book (P/B) ratio of 0.08 while price to sale or P/S ratio amounts to 62.77. Its return on asset (ROA) is -218.81% on average.