A Few Bright Spots In Mullen Automotive Inc (NASDAQ: MULN)

Mullen Automotive Inc (NASDAQ:MULN) currently has a daily average trading volume of 26.10M but it saw 33174735 shares traded in last market. With a market cap of 14.64M USD, the company’s current market price of $0.22 came falling about -1.19 while comparing to the previous closing price of $0.22. In past 52 weeks, the stock remained buoying in the range of price level as high as $75.00 and as low as $0.20. In the recent trading on the day, stock has struck highest price mark of $0.2115 while lowest mark touched by it was $0.2348.

Taking a look at 20-day trading activity of Mullen Automotive Inc (MULN) gives us an average price of $0.3375, while its current price level is -99.71% below from 52-week high level whereas it is 7.31% 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 $1.1471 while that of 200 days or SMA-200 reads an average of $5.9837. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.10% during that period while stretching the period over a month that increases to 28.78%. 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 21.78 which implies that the stock is in oversold territory.

Over the week, MULN’s stock price is moving -21.06% down while it is -73.35% when we observe its performance for the past one month. Year-to-date it is -98.49% down and over the past year, the stock is showing a downside performance of -99.56%.

Currently, Mullen Automotive Inc’s total number of outstanding shares is 67.82M. Company’s return on investment (ROI) stands at -977.47% and return on equity (ROE) at -307.11%. Stock’s beta reads 1.73. Stock has a price to book (P/B) ratio of 0.10 while price to sale or P/S ratio amounts to 91.51. Its return on asset (ROA) is -120.53% on average.