Investors Are Waking Up To Mullen Automotive Inc (NASDAQ: MULN) After Losing -99.29% Over The Past 12 Months

Mullen Automotive Inc (NASDAQ:MULN) currently has a daily average trading volume of 3.84M but it saw 27888742 shares traded in last market. With a market cap of 17.90M USD, the company’s current market price of $0.72 came falling about -0.30 while comparing to the previous closing price of $0.72. In past 52 weeks, the stock remained buoying in the range of price level as high as $110.70 and as low as $0.70. In the recent trading on the day, stock has struck highest price mark of $0.7047 while lowest mark touched by it was $0.9.

Taking a look at 20-day trading activity of Mullen Automotive Inc (MULN) gives us an average price of $1.2803, while its current price level is -99.35% below from 52-week high level whereas it is 2.86% 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 $2.2108 while that of 200 days or SMA-200 reads an average of $8.3250. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.05% during that period while stretching the period over a month that decreases to 12.90%. 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 20.31 which implies that the stock is in oversold territory.

Over the week, MULN’s stock price is moving -28.71% down while it is -66.97% when we observe its performance for the past one month. Year-to-date it is -94.96% down and over the past year, the stock is showing a downside performance of -99.29%.

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 1.89. Stock has a price to book (P/B) ratio of 0.06 while price to sale or P/S ratio amounts to 44.75. Its return on asset (ROA) is -218.81% on average.