Mullen Automotive Inc (NASDAQ: MULN) Drops -86.97% Over A Month, But Analysts Still See Upside Potential

Mullen Automotive Inc (NASDAQ:MULN) currently has a daily average trading volume of 744.77K but it saw 5466274 shares traded in last market. With a market cap of 4.92M USD, the company’s current market price of $2.75 came falling about -14.60 while comparing to the previous closing price of $3.22. In past 52 weeks, the stock remained buoying in the range of price level as high as $4889.00 and as low as $2.80. In the recent trading on the day, stock has struck highest price mark of $2.64 while lowest mark touched by it was $3.65.

Taking a look at 20-day trading activity of Mullen Automotive Inc (MULN) gives us an average price of $9.81, while its current price level is -99.94% below from 52-week high level whereas it is -1.79% 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 $39.79 while that of 200 days or SMA-200 reads an average of $445.07. A closer look into the stock’s movement over the week reveals that its volatility is standing at 24.70% during that period while stretching the period over a month that increases to 24.70%. 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 17.49 which implies that the stock is in oversold territory.

Over the week, MULN’s stock price is moving -40.86% down while it is -86.97% when we observe its performance for the past one month. Year-to-date it is -99.81% down and over the past year, the stock is showing a downside performance of -99.94%.

Company’s return on investment (ROI) stands at -977.47% and return on equity (ROE) at -307.11%. Stock’s beta reads 1.70. Stock has a price to book (P/B) ratio of 0.01 while price to sale or P/S ratio amounts to 30.77. Its return on asset (ROA) is -120.53% on average.